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.
Category: General Motors
-
Tesla Reveals Cheaper Versions of Model Y and Model 3
Elon Musk’s electric car company said the new versions would start at around $37,000 and $40,000, prices that bring its cars closer to comparable gasoline vehicles.
-
Tesla’s Car Sales Rise 7% as U.S. E.V. Tax Credit Ends
The company benefited from a surge in U.S. demand for electric vehicles after Republicans in Congress voted to end a $7,500 incentive at the end of September. But other carmakers benefited more.
-
Electric Vehicles Face a ‘Pretty Dreadful Year’ in the U.S.
The end of a federal tax credit is expected to push sales of battery-powered cars down but auto experts believe the market will eventually recover.
-
Used E.V. Sales Take Off as Prices Plummet
Electric vehicles on the used market often cost less than comparable gasoline models, making the technology affordable to many more buyers.
-
Used E.V. Sales Take Off as Prices Plummet
Electric vehicles on the used market often cost less than comparable gasoline models, making the technology affordable to many more buyers.
-
Can Cadillac Keep Selling E.V.s as Trump Repeals Climate Policies?
Electric models from the luxury car brand have been very successful, but they may struggle once a $7,500 federal tax credit ends next month.
-
The Real Reason Americans Worry About Trade
Behind the pushback to global trade is a deep economic anxiety that a meager social safety net has caused in the United States.
-
Ford Rejigs E.V. Plans After Suffering Billions in Losses
Ford, which once had a lead on other established automakers, said on Monday that it will use new materials and methods to lower the costs of electric vehicles.
-
Car Companies Are Paying Tariffs So You Don’t Have To
But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say.
-
Elon Musk Sees ‘Rough’ Times Ahead
Shares in Tesla were down in premarket trading as the carmaker lays out the risks from President Trump’s tariffs and his scrapping of tax credits.
-
Will the Trump’s Tariffs Spoil Earnings Season?
General Motors is the latest company to record a hit from the president’s trade war. But so far, investors remain upbeat.