Automakers to pay estimated $3 billion in new U.S. tariffs under USMCA
U.S. President Donald Trump's rewrite of North American trade rules will cost automakers nearly $3 billion more in tariffs over the next decade for cars and parts that will not meet higher regional content requirements over the next decade, the Congressional Budget Office (CBO) ...
GM loans Ohio plant buyer $40 million to launch electric truck
General Motors Co. loaned the buyer of its half-century-old assembly plant in Ohio $40 million to help the cash-strapped startup roll out an electric pickup truck. The transaction to support Lordstown Motors Corp. and its debut model, called Endurance, is essentially a mortgage, Jim Cain, ...
GM sues Fiat Chrysler, alleging union bribery scheme cost it billions
General Motors Co. on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV, alleging that its rival bribed United Auto Workers (UAW) union officials over many years to corrupt the bargaining process and gain advantages, costing GM billions of dollars. GM also alleged that ...
GM workers staying on strike as members vote on new contract
The United Auto Workers will continue its strike against General Motors Co. until a tentative deal is ratified by its full membership, extending their walkout for at least another week. Voting on the proposed contract will begin Oct. 19 and ballots will be due by ...
GM and union close to deal to end month-long UAW strike after CEO Mary Barra joins talks: sources
General Motors Co. and the United Auto Workers union were near a deal on Tuesday to end a 30-day strike that has cost the automaker about $2 billion after Chief Executive Mary Barra and President Mark Reuss took part in contract talks, according to ...
U.S. automakers group urges Trump to push harder to open Japanese market
The Trump administration intends to start trade negotiations with Tokyo as early as mid-January, after notifying Congress of its plans in October.
