Trump’s tariffs to remain in effect after appeals court grants stay A federal appeals court temporarily reinstated the most sweeping of President Donald Trump’s tariffs on Thursday, a... Published 30 May, 2025 08:05am
Markets GM cuts 2025 outlook, projects up to $5bn hit from tariffs NEW YORK: General Motors on Thursday lowered its 2025 earnings outlook and said it expects a $4-5 billion hit from... Published 01 May, 2025 05:21pm
Business & Finance GM pulls forecast due to tariffs as nervous consumers rush to buy DETROIT: General Motors has pulled its annual forecast, reflecting the uncertain effects of U.S. President Donald... Published 29 Apr, 2025 04:18pm
Business & Finance Trump to reduce impact of auto tariffs, Commerce secretary says WASHINGTON: President Donald Trump’s administration will move to reduce the impact of his automotive tariffs on... Published 29 Apr, 2025 07:31am
World Trump tariffs provoke world condemnation and fears of a $2,300 iPhone WASHINGTON/OTTAWA: Countries around the world threatened to ratchet up a trade war with the United States on... Published 04 Apr, 2025 11:24am
Business & Finance GM, Hyundai in talks to share pickups and electric vans in N America SEOUL: Hyundai Motor and General Motors are close to finalizing a deal for Hyundai to share two electric commercial... Published 26 Mar, 2025 07:58am
Business & Finance GM to increase dividend by 25%, buy back another $6 billion of shares DETROIT: General Motors said on Wednesday it would increase its quarterly dividend by 25% and undertake a new $6... Published 26 Feb, 2025 06:03pm
Markets GM CFO says if US tariffs are permanent, company must consider plant locations General Motors CFO Paul Jacobson said on Wednesday at a Barclays conference that if U.S. tariffs became permanent,... Published 19 Feb, 2025 08:43pm
Business & Finance Hyundai, Stellantis, Delta each donating $1 million to Trump inaugural fund WASHINGTON: Hyundai Motor’s U.S. unit, Chrysler-parent Stellantis and Delta Air Lines, on Monday each announced they... Published 14 Jan, 2025 08:29am
Business & Finance GM laying off nearly 1,000 workers, mostly in US WASHINGTON: General Motors is laying off nearly 1,000 workers worldwide, mostly in the US, as it looks to streamline... Published 18 Nov, 2024 02:54am
Business & Finance Toyota cuts 2026 global EV output plans by a third, Nikkei reports TOKYO: Japan’s Toyota Motor has slashed its electric vehicle production plans for 2026 by a third, the Nikkei... Published 06 Sep, 2024 03:01pm
Business & Finance GM fined $146m for lowballing vehicle emissions NEW YORK: General Motors will pay nearly $146 million in penalties for underestimating emissions produced by its... Published 05 Jul, 2024 03:17am
Business & Finance GM fined $146 million for lowballing vehicle emissions NEW YORK: General Motors will pay nearly $146 million in penalties for underestimating emissions produced by its... Published 04 Jul, 2024 11:30am
Business & Finance General Motors approves new $6 billion share buyback plan General Motors on Tuesday announced a new $6 billion share buyback plan, just over a month after the automaker... Published 11 Jun, 2024 05:16pm
Business & Finance GM upbeat on 2024, betting on a ‘resilient’ US economy DETROIT: General Motors on Tuesday reported lower pre-tax profit for the fourth quarter but gave investors an upbeat... Published 30 Jan, 2024 05:02pm
Business & Finance GM sees $9.3bn hit from new labour deals, outlines $10bn buyback WASHINGTON: General Motors said on Wednesday its new labor deals after a lengthy US strike will cost it $9.3 billion... Published 30 Nov, 2023 04:53am
Business & Finance GM to buy back $10 billion in shares, cut Cruise spending General Motors said on Wednesday it will buy back $10 billion in shares and boost its dividend by 33%, even as it... Published 29 Nov, 2023 04:47pm
Business & Finance Honda hikes production workers' pay after UAW deals with Detroit Three Honda Motor said on Friday it was implementing an 11% pay hike for production workers at its US facilities from... Published 11 Nov, 2023 12:53am
Business & Finance GM to halt production of Cruise driverless van General Motors said Monday it plans to temporarily halt production of its fully autonomous Cruise Origin van just... Published 07 Nov, 2023 10:37am
Business & Finance Toyota hikes wage of US factory workers after UAW labor deals WASHINGTON: Toyota Motor said on Wednesday it is raising the wages of nonunion US factory workers just days after ... Published 02 Nov, 2023 03:15am
Business & Finance Honda, GM scrap ‘affordable’ EV tie-up TOKYO: Japanese automaker Honda and US giant General Motors said Thursday they were scrapping a tie-up that was... Published 26 Oct, 2023 11:45am
Technology Tesla joins GM, Ford in slowing EV factory ramp as demand fears spread SAN FRANCISCO: Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle... Published 19 Oct, 2023 10:12am
World UAW strikes more GM, Stellantis facilities, cites progress in talks with Ford DETROIT: The United Auto Workers expanded its strikes against Detroit automakers General Motors and Chrysler parent... Published 23 Sep, 2023 10:17am
World 'Premature' to predict hit from US auto strike: Yellen WASHINGTON: US Treasury Secretary Janet Yellen said Monday it is too early to gauge the economic impact from an... Published 18 Sep, 2023 10:39pm
Business & Finance US auto workers launch first simultaneous strike at Detroit Three DETROIT: The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors,... Published 15 Sep, 2023 11:01am
Business & Finance Tesla, suppliers to invest $15bn in Mexico factory MEXICO CITY: A state governor in Mexico said on Monday that Tesla and its suppliers would invest $15 billion over... Published 12 Sep, 2023 09:52am
Business & Finance GM offers 10pc wage hike in UAW contract talks WASHINGTON: General Motors said on Thursday it has offered workers a 10% wage hike and two additional 3% annual lump... Published 11 Sep, 2023 06:32am
Business & Finance Limited-edition 2025 Mustang GTD: 800+ horsepower and a $300,000 sticker Ford Motor is joining rival General Motors in the U.S. supercar ranks with the launch of the 2025 Mustang GTD, a... Published 18 Aug, 2023 03:09pm
Business & Finance Hyundai Motor’s unit to buy General Motors’ India plant BENGALURU: Hyundai Motor Co’s Indian unit will buy automaker General Motors’ Talegaon plant in the western state of... Published 17 Aug, 2023 03:49am
Technology Global automakers scramble to reset China strategies as sales slow SHANGHAI: For foreign automakers in China, it is time to double down on a turnaround or cut losses after ceding... Published 28 Jul, 2023 11:09am