Reported 1 day ago
General Motors could become a significant loser from President-elect Trump's automotive policy changes, despite potential short-term benefits from relaxed emissions regulations. The impending elimination of a $7,500 electric vehicle subsidy and a proposed 25% tariff on imports from Canada and Mexico pose immediate threats to GM, which relies heavily on imports and has invested billions into its electric vehicle lineup. While Trump claims his policies would protect jobs, analysts warn that these changes may undermine GM's long-term strategic planning, especially as the global market increasingly shifts towards electric and hybrid vehicles.
Source: YAHOO