Stocks of GM and Ford took a hit, amid concerns that Trump's plan for tariffs on imports from Mexico and Canada could cut auto sales more than a million cars.
The president-elect will waste little time in making good on his campaign promise, pledging to impose 25% levies on Mexico and Canada on his first day back in the White House.
After years of spending capital freely on all-electric and autonomous vehicles, automakers are starting to pull back. It takes a significant capital investment every time an automaker launches a new product or updates current models, causing a spending ripple effect throughout the global supply chain.
TORONTO, Nov. 21, 2024 (GLOBE NEWSWIRE) -- “Yesterday, the Government of Ontario introduced the Cutting Red Tape, Building Ontario Act, 2024 within their Fall 2024 Red Tape Reduction Package, which, if passed, will provide better services, keep costs down, and bolster the economy.
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Venu Holding Corporation (VENU), premium live entertainment and hospitality company and owner of Ford Amphitheater in Colorado Springs, has been nominated for Pollstar Magazine's prestigious 2024 New Concert Venue of the Year award. The accolade honors excellence among recently opened live music venues, recognizing venues that have made significant impa...
Automobile manufacturing giant Ford has announced 4,000 job cuts across its European operations blaming stalled electric vehicle sales on the continent.
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