General Motors has started laying off 500 to 600 salaried employees in its information technology departments located in Austin, Texas, and Warren, Michigan. The move is part of GM's effort to reassess its workforce needs and eliminate overlapping roles. While the company confirmed the layoffs, it has not provided further specifics. This reduction reflects GM's strategy to streamline operations amid evolving business demands.
Canada has approved the import of 49,000 Chinese-made electric vehicles (EVs) annually at a reduced tariff rate of 6.1%, significantly lower than the 100% tariff on other Chinese vehicles. This move allows Canadian auto dealers to sell Chinese EVs, w...
GM, Ford, and Stellantis have cut over 20,000 U.S. salaried jobs since 2020, driven by technological changes including AI, autonomous, and electric vehicles. GM led with about 11,000 cuts, recently laying off 500-600 IT workers to adapt to AI integra...
Ford's stock surged 8% to around $14.60 following strong Q1 earnings with EPS of $0.66 and raised full-year EBIT guidance to $8.5-$10.5 billion. The rally marks a sharp turnaround as Ford leads year-to-date gains in the auto sector, outperforming pee...
Ford Motor Company's stock rose about 7% to $12.82, marking its biggest single-day gain in weeks, driven by strong Q1 2026 earnings and an upward revision of full-year adjusted EBIT guidance. The company reported Q1 EPS of $0.66 and revenue of $43.25...
California Attorney General Rob Bonta announced that General Motors will pay a $12.5 million penalty for illegally selling personal and driving data of hundreds of thousands of California drivers to third-party data brokers from 2020 to 2024. GM coll...
