Sentiment: Positive
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Chinese automakers are heading to the US – and in my view this is a topic that could significantly shake up the American EV market in the coming years.
Currently imports are blocked by a 100% tariff, but if brands like BYD $BY6.F , Geely (Zeekr, Lynk & Co) or others were to build factories directly in the US, that barrier would effectively fall. President Trump has already...
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📉 American automotive industry under pressure! 🚗🌎
The news that Donald Trump plans to introduce 25% tariffs on goods imported from Canada and Mexico has sent shockwaves through the markets. Shares of companies like General Motors $GM and Stellantis $STLA plunged by more than 8 %, while smaller players like Ford and Toyota have seen more modest losses.
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📈🚗 General Motors has authorized a $6 billion stock buyback!
General Motors $GM is an American automaker with a long history and global presence. Founded in 1908 and headquartered in Detroit , it is known for manufacturing a wide range of vehicles, from passenger cars to commercial vehicles. Thecompany owns renowned brands such as Chevrolet, Cadillac, GMC and Buick. In recent...
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Honestly, I'm not very impressed with this company and I like $RIVN better.
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Little trouble for Apple, or Goldman Sachs incompetence?
It's a holiday in the US and I'm slowly working my way through the news over the last few days this morning and I came across one, admittedly unconfirmed from anyone involved, but interesting, especially for $AAPL fans
Goldman Sachs $GS is in talks to transfer Apple $AAPL credit card and savings account products to American...
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So this is the news you wrote about :) Interesting... but I believe it will be explained somehow.
I think this will have a positive impact on consumers. Traditional automakers will be in trouble. They really haven't had it easy over the past few years. They've simply fallen behind on technology, and now they're paying the price with low margins just to remain at least somewhat competitive.