General Motors is a leading global automotive company that designs, manufactures, and sells a diverse range of vehicles, including cars, trucks, and SUVs under various brand names
The company is committed to innovation in transportation, focusing on the development of electric and autonomous vehicles to meet the evolving needs of consumers and address environmental challenges. With a rich history in the automotive industry, General Motors also emphasizes safety, performance, and technology integration in its products while working toward sustainability initiatives and expanding its presence in the global market.
The new auto tariffs revive and expand the logic of the original 1960s-era "chicken tax" — a 25% duty initially imposed on light trucks in retaliation for a European tax on American poultry.
General Motors shares are trading lower by 8.7% since Monday's open. The newly imposed 25% tariff on imported vehicles and parts could significantly impact the company's costs and sales.
Ukraine is recognized as a country with significant mineral wealth, including a variety of rare earth elements (REEs) and other critical minerals. These resources have drawn global attention, particularly amid the ongoing war with Russia, rising geopolitical tensions, and the push for secure supply chains outside of China, which dominates
Despite Elon Musk's public dismissal of LiDAR as unnecessary for self-driving, Tesla quietly became the top customer of LiDAR supplier Luminar in 2024—just as China surged ahead in global LiDAR dominance.
BofA analysts reportedly suggested Ford may be "relatively less affected and could even benefit," given that imported models account for only about 20% of its total volume.
Looking for the most active stocks in the S&P500 index on Thursday? Dive into today's session and discover the stocks that are dominating the trading activity and setting the pace for the market.
Shares of automotive manufacturer General Motors (NYSE:GM)
fell 7.7% in the pre-market session after President Trump announced 25% tariffs on all cars imported into the United States. Stocks of automakers that don't source materials and make all vehicles in the United States appeared to have been hit the hardest. The prospect of higher tariffs raises concerns about reduced profit margins, disrupted operations, and a potential slowdown in future growth. For these automakers, the new policy also introduces fresh uncertainty around competitiveness in the U.S. market, which could ultimately weigh on earnings.
Stay informed about the performance of the S&P500 index in the middle of the day on Thursday. Uncover the top gainers and losers in today's session for valuable insights.
Wall Street dipped slightly on Thursday, with all major indexes edging into the red as investors digested President Donald Trump‘s latest move on auto tariffs.
Experts are warning consumers to prepare for additional price hikes due to President Donald Trump's new 25% tariff on imported vehicles and certain auto parts.
Let's have a look at what is happening on the US markets before the opening bell on Thursday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
The stocks of automakers, Ford Inc. (NYSE: F), Stellantis NV (NYSE: STLA) and Tesla Inc. (NASDAQ: TSLA) declined 3.69%, 2.58%, and 1.59%, respectively during the pre-market trading session on Thursday.
