General Motors recently announced plans to shut down one of its four plants in South Korea — a move welcomed by US President Donald Trump. But now the US car industry giant looks set to make a U-turn.
Shares in GM and Fiat Chrysler have tumbled after both automakers cut their full-year profit forecasts. Analysts say soaring inputs costs as a result of US metals' tariffs are already having an impact.
Tesla has leapfrogged General Motors to become the biggest US car manufacturer by market value. It's the clearest sign yet that Wall Street considers Silicon Valley - and not Detroit - as the future of the industry.
US car giant General Motors has said it will replace potentially dangerous airbags in millions of cars running on Chinese roads. The recall comes in the wake of a huge scandal surrounding Takata inflators.
In the latest round of Chinese tariffs against 106 American products, the focus is on the lucrative US exports of soybeans, planes and cars. But why has China targeted these products and which US states will suffer most?
© 2018 Deutsche Welle |
Legal notice |
| Mobile version