General Motors plans to invest C$1.1 billion in its Ontario auto sector operations, including C$144 million to add production of the next-generation heavy-duty GMC Sierra truck at its Oshawa plant. This move comes amid rising US tariffs on Canadian vehicles, with President Trump threatening to increase tariffs to 50% starting January 1. The investment deal, contingent on union worker approval, also includes commitments to support new V8 engine production and to keep the CAMI assembly plant in Ingersoll open while exploring alternative uses. The development is significant as it affects the future of Canada's auto industry amid stalled US-Canada trade talks focused on vehicle tariffs.
President Donald Trump defended his decision to impose 50% tariffs on $20 billion worth of Canadian goods, accusing Canada of unfair trade practices and urging Canadian companies to relocate to the US. He credited tariffs with reviving the American a...
General Motors (GM) is trading at a forward price-to-earnings ratio of 8.2, significantly below the sector average by 53.4%, indicating it is undervalued. The company is shifting focus to personal vehicle autonomy and its Super Cruise system, which i...
General Motors (GM) has secured 100% of the lithium output from Phase 1 of the Thacker Pass mine for 20 years, ensuring battery-grade lithium supply sufficient for up to 1 million electric vehicles annually. GM's Q2 2026 financial results exceeded ex...
