General Motors has finalized a unique $4.5 billion revolving purchasing agreement with Procura Auto Parts, backed by JPMorgan Chase and Banco Santander. This deal allows GM to prepay suppliers for rare or critical auto parts, helping to avoid supply chain disruptions and keep inventory costs off its books. GM will repay Procura by July 2029, paying interest and fees, while the arrangement improves parts security amid ongoing industry challenges. The specific parts targeted remain undisclosed, but this move follows years of supply issues and shifts in sourcing strategies due to tariffs and geopolitical concerns.
General Motors is developing next-generation sodium-ion battery cells aimed at reducing U.S. dependence on Chinese materials for electric vehicles and energy storage systems. Partnering with Peak Energy, GM plans to launch commercial production by 20...
Tesla's operating margins fell sharply to 1.4% and free cash flow turned negative in Q2 2026 due to heavy investments in new technologies like Robotaxi, Optimus, and Full Self-Driving (FSD). Despite these near-term financial pressures, analysts see s...
The trade conflict between Canada and the U.S. is largely fueled by political pressures rather than economic reasons, with midterm elections expected to push both sides toward a negotiated settlement. Tariffs on key sectors like autos and alcohol ris...
