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GM is bracing for the early expiration of $7,500 in consumer tax credits for the purchase of EVs added during the Biden administration that President Trump and the Republican Congress have cut.

“We’re accelerating the development of autonomous driving technology capable of operating without active human oversight,” spokeswoman Chaiti Sen said in a statement.

The latest agreement and two others will allow GM to get the majority of rare-earth magnets it sources directly from domestic suppliers.

General Motors said it suffered a $1.1 billion profit hit from President Donald Trump’s tariffs and revealed no plan for a near-term fix to return to pre-tariff profit levels.

General Motors and LG Energy Solution plan to add more battery production lines at their joint venture plant in Tennessee to make lower-cost cells starting in late 2027, the companies said.

President Donald Trump’s shifting stances on trade and tariffs have upended the planning of many companies that provide parts and equipment to big automakers.

Aurora Innovation is putting a human back in front of the wheel of big rigs operating in Texas, reversing course less than three weeks after the company began commercial autonomous service.

GM has hired Sterling Anderson, the former director of Tesla’s Autopilot program and a co-founder of autonomous startup Aurora, as chief product officer overseeing all vehicle development.

Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20% stake in Hertz in a bet on the rental car company’s turnaround plan and that tariffs will boost the value of its vehicles.

Edmunds projects Q1 car sales totaling 3.8 million vehicles, the strongest start to the year since 2021. Promised U.S. tariffs could jack up sticker prices once inventories are depleted.