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Donald Trump · United StatesBy Chris Isidore, CNN (CNN) — Tariffs on imported cars and auto parts cost General Motors $1.1 billion in the second quarter, the nation’s largest automaker said Tuesday. That hit to its bottom line was largely responsible for a 21% drop in net income for the period. The company said it expects tariffs to cost it between $4 billion to $5 billion by year’s end. The auto industry has been greatly disrupted by President Donald Trump’s tariffs – mor…See the Story
GM’s Latest Tariff Hit: $1.1 Billion
40% Center coverage: 63 sources
Layoffs · Berks CountyBERN TOWNSHIP — EnerSys, a global leader in stored energy solutions for industrial applications, has announced a workforce reduction that will result in approximately 575 employees losing their jobs. The layoffs will impact employees in the company’s non-production workforce, focused primarily on corporate and management positions, the company said in a press release. The Berks County-based company did not identify specific locations that will b…See the Story
EnerSys to Lay Off 11% of Its Global Workforce
100% Center coverage: 6 sources
Nissan · CanadaAs Canada’s trade standoff with the U.S. drags on, automakers are starting to feel the pressure — but for now, most are still holding their ground, according to a new analysis. DesRosiers Automotive Consultants reported last week that U.S.-built light vehicles accounted for roughly 39 per cent of new vehicle sales in Canada during the second quarter of 2025, down slightly from 41 per cent in Q1. When excluding the five automakers that build vehi…See the Story
How Counter Tariffs Are Impacting the Canadian Vehicle Market
67% Left coverage: 3 sources
