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Tag: General Motors

Business
  • Web Desk Karachi
  • Apr 15, 2025
Trump weighs tariff relief for automakers to boost domestic production

Trump’s suggestion marked yet another potential shift in his tariff approach, as financial markets reacted anxiously to his persistent import taxes, raising concerns among Wall Street economists about a looming recession.

Business
  • Reuters
  • Apr 11, 2025
Study finds Trump’s 25pc auto tariffs could cost US automakers $108 billion

The study, released by the Ann Arbor, Michigan-based organization, found Detroit automakers Ford Motor, General Motors and Stellantis, maker of Jeeps and Ram trucks, specifically will see increased costs of $42 billion

Business
  • Reuters
  • Mar 04, 2025
China’s BYD raises $5.59 billion in share sale, Hong Kong’s largest in four years

The company said it sold 129.8 million primary shares in the deal, up from the original 118 million shares planned when the deal launched on Monday.

Business
  • Reuters
  • Feb 19, 2025
Ford slashes manager stock bonuses to cut costs, boost performance

Out of a global population of 3,300, roughly 1,650 will not receive their usual stock awards, typically paid in March. Senior management will decide which half of their middle management staff will receive the bonuses.

Business
  • Reuters
  • Jan 23, 2025
Hyundai Motor in GM tie-up talks, sees revenue growth slowing in 2025

The talks come as global automakers brace for policy uncertainty in the US, the world’s second-largest auto market that threatens to dampen demand.

Trump inauguration
World
  • Reuters
  • Jan 10, 2025
Boeing says it is donating $1m to Trump presidential inaugural fund

Boeing is joining many major US companies including General Motors, American Airlines, Ford, Microsoft and Facebook in donating.

New research reveals serious privacy flaws in the data practices of new internet connected cars, with urgent reform of privacy laws needed.
Latest
  • Web Desk
  • Nov 20, 2024
Modern cars are surveillance devices on wheels with major privacy risks

World
  • Reuters
  • Oct 11, 2024
Elon Musk unveils two-door robotaxi

The ‘Cybercab’ will go into production in 2026 and will be priced less than $30,000.

biden
World
  • Web Desk
  • Sep 15, 2023
Biden urges carmakers to share profits with striking workers

US president says car companies have enjoyed record profits in recent years without sharing them fairly with workers

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