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📉 American automotive industry under pressure! 🚗🌎
The news that Donald Trump plans to introduce 25% tariffs on goods imported from Canada and Mexico has sent shockwaves through the markets. Shares of companies like General Motors $GM and Stellantis $STLA-4.0% plunged by more than 8 %, while smaller players like Ford and Toyota have seen more modest losses.
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📈🚗 General Motors has authorized a $6 billion stock buyback!
General Motors $GM-1.1% is an American automaker with a long history and global presence. Founded in 1908 and headquartered in Detroit , it is known for manufacturing a wide range of vehicles, from passenger cars to commercial vehicles. Thecompany owns renowned brands such as Chevrolet, Cadillac, GMC and Buick. In recent...
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Honestly, I'm not very impressed with this company and I like $RIVN-4.7% better.
Investors, what do you think of $GM-1.1% stock and at what price would you buy?
I find GM to be an interesting and quality company, however I see potential in other automakers. If I wanted to buy GM stock, I would buy all the way down to below $28.
Little trouble for Apple, or Goldman Sachs incompetence?
It's a holiday in the US and I'm slowly working my way through the news over the last few days this morning and I came across one, admittedly unconfirmed from anyone involved, but interesting, especially for $AAPL-2.7% fans
Goldman Sachs $GS-2.8% is in talks to transfer Apple $AAPL-2.7% credit card and savings account products to American...
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So this is the news you wrote about :) Interesting... but I believe it will be explained somehow.
China on Wednesday unveiled a 520 billion yuan ($72.3 billion) package to boost electric vehicle sales! $TSLA-3.5%, $GM-1.1%, $F-1.7%, $RIVN-4.7%, $NIO-5.9%, $LCID-4.1%

Tesla
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Hyundai is next considering joining Tesla's North American Charging Standards Alliance $TSLA-3.5%. My guess is that every EV manufacturer with any sense will end up in that alliance sooner or later.

Tesla
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I think$GM-1.1% is a lost business and I wouldn't invest in it. $STLA-4.0% is more interesting, but I don't have their stock in my portfolio either.