The top two U.S. automakers are preparing for a possible economic downturn, the companies said on Tuesday, as an ongoing trade war between Washington and Beijing fuels fears of a global recession.
(This July 31 story corrects name of GM unit to GM Financial in paragraph 8)
DETROIT General Motors Co posted a better-than-expected net profit on Thursday as high-margin pickup trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast. | Video
DETROIT Many global auto suppliers are striking an even more pessimistic tone about Chinese vehicle output this year than some research firms, with the suppliers bracing for the pain to be far greater than the single-digit percentage declines predicted by some in the industry.
DETROIT Amazon.com Inc is expanding its transportation prowess to do virtually everything short of building a car. | Video
MILAN/DETROIT, July 31 Automaker Fiat Chrysler
took the market by surprise by sticking to
its full-year profit guidance on Wednesday after a strong
performance from its Ram pickup truck in North America helped it
defy an industry slowdown.
WASHINGTON/DETROIT Four major automakers said on Thursday they have reached an agreement with California on fuel efficiency rules, bypassing a Trump administration effort to strip the state of the right to fight climate change by setting its own standards. | Video