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Category General Motors

Car Giant Handing $150,000,000 To Customers in Class Action Settlement Over Defective Engines

Car Giant Handing $150,000,000 To Customers in Class Action Settlement Over Defective Engines

A US car manufacturing giant has agreed to send $150 million to customers to settle accusations that certain vehicles were sold with defective engi...
GlobalFoundries has announced that it will be investing $16B to expand US chip manufacturing

GlobalFoundries has announced that it will be investing $16B to expand US chip manufacturing

The new CEO of GlobalFoundries Inc., Tim Breen, has announced that the company will be making a $16B investment into chip manufacturing within the ...
General Motors says it expects up to $5 billion Trump tariff impact this year

General Motors says it expects up to $5 billion Trump tariff impact this year

America’s largest automaker, General Motors (GM) says tariffs on imported cars imposed by the Trump administration will this year cost the company ...
Trump will ease tariffs for US automakers

Trump will ease tariffs for US automakers

President Donald Trump announced a plan to ease the burden of the new 25% tariffs on foreign-made vehicles and parts. Under the proposal, automaker...
Trump signals possible tariff relief for United States carmakers

Trump signals possible tariff relief for United States carmakers

Trump signals possible tariff relief for US carmakers as industry pressures mount over supply chain challenges and rising manufacturing costs.