General Motors

General Motors (GM), a major Detroit-based auto manufacturer, is currently newsworthy due to a confluence of factors impacting its financial performance and strategic direction. Recently, GM reported a significant $7.1 billion earnings loss, primarily attributed to a $6 billion charge related to scaling back investments in electric vehicles (EVs) in response to shifting U.S. policies. This decision contrasts with the broader industry trend towards electrification. Furthermore, GM's operations are influenced by international trade dynamics, including the USMCA agreement, which some, like President Trump, deem 'irrelevant' despite its importance to the auto industry. Trump's personal investments also include GM bonds, linking the company to his policy agenda. Canada's move to reduce reliance on U.S. trade further complicates the landscape for GM, highlighting the company's vulnerability to geopolitical and policy shifts.