• GM

General Motors to recall over 18,000 vehicles on brake line concerns, NHTSA says

General Motors recalls 18,235 vehicles due to potential brake line issues that may cause leaks, affecting specific models from 2013 to 2019.

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• GM
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Analysis-Stellantis CEO follows Chinese route to avoid EV tariff 'trap'

Stellantis aims to adopt a low-cost strategy inspired by Chinese EV makers while navigating trade barriers in Europe and the U.S. amidst evolving industry dynamics.

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U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.70%

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Ford, GM shares fall after Morgan Stanley analyst downgrade

Ford and GM shares fell 5% after a downgrade by Morgan Stanley, citing market challenges and competitive pressures, while some dealerships received upgrades and saw share price increases.

• GM

Canada's Unifor union ratifies two-year contract with General Motors

Unifor members at CAMI plants in Ontario ratified a two-year contract with GM, securing significant pay increases and aligning future negotiations with over 5,600 GM workers.

• GM

GM to lay off about 1,700 workers at Kansas plant

General Motors announces layoffs of 1,695 workers at its Fairfax Assembly plant, with production pauses and temporary layoffs anticipated until mid-2025 for vehicle manufacturing upgrades.

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Factbox-Carmakers adjust electrification plans as EV demand slows

Toyota has reduced its 2026 EV production goal as manufacturers adjust plans amid slowing demand for electric vehicles.

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Former Visa CEO joins General Motors' board of directors

General Motors announced Alfred Kelly, Jr., ex-CEO of Visa, has joined its board, enhancing insights into growth opportunities in electric vehicles and technology.

• GM
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Volvo Cars scales back margin and revenue ambitions

Volvo Cars revises its margin and revenue goals downward, abandoning its 2030 EV-only target due to decreased demand and external tariffs, emphasizing the need for political support for the EV transition.

• GM

General Motors Ecuador factory closes doors for good

General Motors will close its Ecuador factory affecting 320 workers amidst competition, while continuing vehicle sales in the region.