General Motors and Ford are diversifying their businesses by entering the U.S. military vehicle and energy storage system markets. Both companies are leveraging their existing battery production capacity, which was initially intended for electric vehicles, to tap into growing demand for energy storage solutions and military contracts. GM has a head start with established defense contracts and partnerships, while Ford plans significant investments in energy storage production. These new ventures aim to offset slowing vehicle sales and open new revenue streams, though they currently represent a small portion of overall business focus and revenue.
The US has imposed tariffs on $20 billion of Canadian goods, including cars made by Ford and GM in Canada, effective January 1, 2027. These tariffs will increase costs for the automakers, who have already faced significant commodity and tariff headwi...
The AI revolution is boosting demand for skilled trades jobs, with companies like Lowe's, Meta, Nvidia, and others forming a coalition to train 1 million tradespeople by 2035. This effort addresses a U.S. shortage of 2 million skilled workers, which ...
