Reported about 12 hours ago
Shares of General Motors, Ford, and Stellantis rallied as Commerce Secretary Howard Lutnick indicated potential relief from tariffs imposed on Canada and Mexico by President Trump. In a recent address, Trump also proposed tax deductions on loans for American-made vehicles, which further buoyed investor confidence. While the stocks of these automakers surged between 4% and 7%, only General Motors has seen positive year-to-date performance.
Source: YAHOO