White House to Extend Tariff Relief for US Automakers: What You Need to Know
The White House will extend tariff relief for US carmakers by five years, helping Ford, GM, and others reduce costs from Trump's import duties on auto parts and vehicles.
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General Motors Takes $1.6 Billion Charge to Right-Size EV Capacity
GM booked a $1.6B charge, reducing its EV production plans. Demand is slower than expected due to gov't ending tax credits and changing rules.
US Government Secures Equity Stake in Thacker Pass to Fuel Domestic Lithium Independence
The U.S. Department of Energy (DOE) has secured a 5% equity stake in Lithium Americas and 5% in its Thacker Pass joint venture with GM, finalizing terms for a $435 million initial loan draw to boost domestic lithium supply and challenge China's market dominance.
GM Stock Gets a Significant UBS Upgrade!
UBS upgraded GM stock to Buy ($81 target). Analysts expect high profits (8-10% margins) in North America, beating current expectations.
Trump Administration Seeks Stake in Lithium Americas
The U.S. government wants up to 10% ownership in Lithium Americas' Thacker Pass mine, vital for U.S. electric vehicle (EV) batteries. This demand is tied to a $2.26B loan and aims to boost domestic supply to cut reliance on China.