By Kalea Hall DETROIT (Reuters) -General Motors cut its 2025 profit forecast on Thursday after receiving some clarity and a reprieve from the White House this week on automotive tariffs. CEO Mary Barra told shareholders in a letter that the company would maintain dialogue with the Trump administration on trade and other policies as they evolve. "There are ongoing discussions with key tr ...
By Sruthi Shankar (Reuters) -Lackluster quarterly results from consumer-facing companies including McDonald’s (NYSE:MCD) and Harley-Davidson (NYSE:HOG) are the latest sign that American shoppers are curbing spending amid shifting U.S. trade policies. McDonald’s posted a surprise decline in quarterly global sales on Thursday and said it was navigating the "toughest of market conditions". It ech ...
By Luciana Magalhaes SAO PAULO (Reuters) - Brazilian airline Gol on Thursday announced that it has struck a new deal with key creditors, paving the way for the company to emerge from Chapter 11 bankruptcy protection likely by the end of June. The agreement, which involves investors holding a portion of the airline’s senior secured notes due in 2026, will provide $125 million in financing, accord ...
By Nora Eckert DETROIT (Reuters) -Mercedes-Benz plans to begin producing a new vehicle at its Tuscaloosa, Alabama, plant in 2027, the company said Thursday, the latest in a series of investments carmakers have announced following U.S. President Donald Trump’s aggressive auto tariffs. The German automaker didn’t disclose which vehicle it would add to its Tuscaloosa plant, only saying it would b ...