General Motors trims 2025 guidance, braces for potential tariff impact
General Motors is lowering one of its full-year financial forecasts as the company braces for the potential impact of auto tariffs.
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General Motors is lowering one of its full-year financial forecasts as the company braces for the potential impact of auto tariffs.
The operations of Tribar's Wixom location will be moving to Howell, according to plans announced earlier this month.
Shawn Fain, president of United Auto Workers, took to social media Thursday to give a policy speech. "There's a lot of uncertainty over what this moment holds," he said.
Slotkin is a former CIA officer who worked in national security roles in the Pentagon during the Bush and Obama administrations.
The company says the layoffs are not related to tariffs. The layoffs are effective April 14.
The automaker is working with local authorities on the investigation.
The layoffs begin Monday and are expected to last for several weeks.
As President Trump's 25% tariff on all imported vehicles kicked in overnight, it's expected that new cars are going to rise in price even more.
Jeep-maker Stellantis is idling production at plants in Canada and Mexico and will temporarily lay off 900 workers in the Midwest.
Investigators have seized more than $600,000 from bank accounts associated with Dinas Kamaitis.
The union said the tariffs could help bring back thousands of more automotive jobs across the U.S.
Tesla CEO Elon Musk's role in the White House has sparked protests nationwide, including in Southeast Michigan.
Automotive experts believe the buyouts are a cost-cutting move by reducing the workforce.
About 50 cars and trucks that are part of Ford's Heritage Fleet are on display in Dearborn, Michigan.
The Trump administration has imposed a 24% tariff on Canada and Mexico and a 10% tariff on China.