Reported about 11 hours ago
General Motors' stock surged after the company quickly adjusted to tariffs and reported earnings that outperformed expectations. Despite a $1.6 billion charge related to reevaluating its electric vehicle strategy due to regulatory shifts, GM's investments in domestic production are seen as a positive move. Analysts predict further recovery in electric vehicle production, with the company aiming to minimize losses by 2026 as it navigates a rapidly changing automotive landscape.
Source: YAHOO