General Motors

After the tax law passed last year, Republicans argued that companies would take their tax savings and make big investments in themselves — plants, equipment, trucks, that sort of thing. But over the last year, there are signs that business investment is slowing. GM’s plans to shut down five plants are just the latest example. Economists […]

General Motors shares tumbled Wednesday as the company cited rising steel and aluminum costs as one reason for a smaller profit forecast. GM is not alone. Whirlpool, Coca-Cola and others are starting to tell the story of pain from the steel and aluminum tariffs in earnings reports, price projections and CEO interviews. None of this […]

For years, low gas prices fueled sales of SUVs and pickup trucks, and low interest rates made it easier for car buyers to trade up every time some shiny new technology came along. But with gas prices and interest rates rising, and tariffs on imported aluminum and steel driving up costs, automakers are facing an […]