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GM and Stellantis will be forced to pay tariffs on some U.S.-made vehicles they import for sale in Canada, after the companies decided to reduce assembly-line work at Ontario factories.

GM warned that it may take additional hits as it adjusts production, with non-cash charges potentially impacting operations and cash flow in the future.

The Trump administration is considering canceling about $12 billion in energy projects, including funding for hydrogen ventures backed by U.S. oil majors, according to a list seen by Bloomberg.

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.

“To stay competitive, GM will temporarily source these packs from similar suppliers to power our most affordable EV model,” the company said in a statement.

Thieves took eight Corvettes from the lot of a Kentucky automobile plant where the legendary muscle car is built, but officers recovered the vehicles and made an arrest, police said.

President Donald Trump is granting a one-month exemption on his new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers.

General Motors is cutting almost half of the workforce in its Cruise driverless car unit, according to an internal memo and people familiar with the matter, part of a previously announced plan.

Microsoft Corp. plans to take an $800 million charge after General Motors Co. said it was shutting down its autonomous taxi initiative.