The announcement, which will eliminate about 1,200 jobs, came less than a week after the carmaker Stellantis said it would move production of a new vehicle to Illinois from a Toronto suburb.
Category: Automobiles
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G.M.’s Profit Falls on Tariffs and E.V. Costs
The automaker’s shares jumped as investors focused on an upgraded forecast for some financial measures, as well as a lower-than-expected bill for tariffs this year.
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5 Great Road Trips to Take in the Western U.S. This Fall
Whether they’re on the Pacific Coast or in the Rockies, these short drives offer plenty to see and do — so much, in fact, that you might want to take it slow.
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After an ICE Raid in Rural Georgia, Hyundai Keeps Betting on America
The revival of America’s industrial base is happening amid pine forests and peanut farms. And it’s being led by a South Korean company.
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Trump Sets Tariffs on Trucks and Buses
Imported light and heavy trucks will be charged 25 percent and buses 10 percent as of Nov. 1, but President Trump also extended tariff exemptions for auto parts.
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Trump’s New Tariff on Trucks Could Burden an Already Struggling Industry
A 25 percent levy on heavy-duty trucks and parts is set to take effect next month. Companies have few details on the policy.
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Stellantis, Faced With Trump’s Tariffs, Scraps Plans to Increase Auto Production in Canada
Canadian leaders blame the move by Stellantis, the automaker, to abandon production in Ontario on President Trump’s tariffs. Mr. Trump says he wants to increase domestic production.
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Stellantis Unveils $13 Billion U.S. Investment Plan
The carmaker, which has struggled with weak sales, is the latest company to announce a hefty investment in the United States.
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Slowing Electric Vehicle Sales Will Cost G.M. $1.6 Billion
General Motors said it would lower its earnings by that amount to mainly reflect the drop in the value of equipment, factories and other assets.
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Cars to Fighter Jets: China’s New Export Curbs May Level a Heavy Blow Worldwide
Broad restrictions could cause supply interruptions for arms makers, as well as manufacturers in the semiconductor, automotive and other sectors.
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German Leaders and Auto Chiefs Team Up in Push to Relax Emissions Rules
The chancellor said he planned to urge the European Union to back off a policy that has been widely interpreted as a ban on combustion engines after 2035.
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At The Race of Gentlemen, Motorcycles and Hot Rods Take Over New Jersey Beach
Every year, hot rods take over a beach in New Jersey for an event that is equal parts sporting event, fashion show and “time capsule.”