Latest News Updates From David Welch

GovernmentBusinessEquipment

GM Raises Outlook on Strong Truck Demand

CEO Mary Barra thanked President Donald Trump for extending through 2030 a tariff discount on some imports for carmakers that produce and sell completed automobiles in the U.S.

October 21, 2025
GovernmentBusinessTechnologyEquipmentFuel

GM Ends EV Tax Credit Plan and Offers Its Own Incentive

GM will give about $6,000 of its own cash for lease support and to keep EV sales going.

October 8, 2025
BusinessEquipment

Hertz Begins Online Car Sales in Competition With Carvana

Going online is the latest move by CEO Gil West to further grow retail sales, which gets the company much better pricing than selling its rental vehicles at wholesale auctions.

September 30, 2025
BusinessTechnologyEquipmentLogisticsAutonomousPrivate

Autonomous Trucking Startup Gatik to Deploy 50 Rigs in Canada

The plan would be the largest deployment of self-driving trucks in North America, according to Gatik, a sign that autonomous freight transport is starting to gain traction.

September 23, 2025
BusinessTechnologyEquipmentFuel

GM Scales Back Chevy Bolt EV Launch Amid Tax Credit Cuts

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.

September 4, 2025
BusinessTechnologyEquipmentSafetyAutonomous

GM Revives Plans for Personal Self-Driving Car

鈥淲e鈥檙e accelerating the development of autonomous driving technology capable of operating without active human oversight,鈥 spokeswoman Chaiti Sen said in a statement.

August 11, 2025
GovernmentBusinessTechnology

GM Signs Domestic Rare-Earth Deal to Lower Reliance on China

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

August 6, 2025
GovernmentBusinessEquipment

GM Profit Falls as Trump Tariffs Add $1.1 Billion in Costs

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

July 22, 2025
BusinessTechnologyFuel

GM, LG Energy Solutions to Make EV Batteries in Tennessee

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.

July 14, 2025
GovernmentBusinessEquipment

Layoffs From Trump Tariffs Ripple Across Auto Parts Industry

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

June 25, 2025

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