General Motors Aktie News

Stocks rose after private payroll data for November came in worse than expected. Salesforce exceeded earnings expectations for the third quarter.

GM has been combining some of its disparate teams under one organization led by one person: new Chief Product Officer Sterling Anderson. He has consolidated power to oversee "the end-to-end product lifecycle vehicle," which includes manufacturing engineering, battery and software.

Under the Biden-era rules, carmakers would have needed to achieve a fuel-efficiency standard of about 50 miles to a gallon of gas by 2031. Trump's proposal would lower that requirement to 34.5 miles to the gallon.

Hyundai is the largest U.S. importer of new vehicles from South Korea, followed by GM. Both automakers have paid billions of dollars in tariffs so far this year after President Donald Trump placed 25% tariffs on vehicles imported from South Korea other countries in the spring.

GM has hired a former Tesla exec as it brings back staff from its failed robotaxi startup Cruise. Ronalee Mann will report directly to GM's chief product officer, according to an internal message seen by BI.

Congress already had eliminated fines for automakers that violated the rules.

General Motors Company (GM) Presents at UBS Global Industrials and Transportation Conference Transcript

The Trump administration on Wednesday will propose a significant rollback of fuel economy standards finalized by former President Joe Biden last year in its latest push to make it easier for automakers to sell gas-powered cars, automakers and sources told Reuters.