Washington, Feb 3 (IANS) US President Donald Trump announced the creation of what he called the “US Strategic Critical Minerals Reserve,” describing it as the first-ever civilian stockpile of critical minerals designed to protect American industry during supply shocks.“We’re announcing the creation of the US Strategic Critical Minerals Reserve, the first ever stockpile of critical minerals that you’ve been hearing so much about,” Trump said on Monday during a signing event attended by Ca…
Latest General Motors News & Updates
Seoul, Jan 18 (IANS) Hyundai Motor and its sister firm Kia posted a record combined market share in the United States in 2025, buoyed by expanded local production and strong hybrid vehicle sales, despite Washington’s aggressive tariff measures, officials said on Sunday.The two South Korean automakers sold a combined 1.84 million vehicles in the U.S. last year, accounting for a record market share of 11.3 per cent, according to data from market watcher Wards Intelligence and industry sources, rep…
Washington, Jan 14 (IANS) US President Donald Trump defended his tariff-driven trade policy and said a 25 per cent tariff on foreign automobiles was aimed at stopping what he described as an unfair surge of auto imports, with China at the center of his criticism.Speaking at the Detroit Economic Club, Trump said tariffs were essential to protecting American manufacturing and workers, particularly in the auto sector.“As I promised you, I’ve imposed a 25 per cent tariff on all foreign automobil…
Seoul, Jan 5 (IANS) GM Korea, the South Korean unit of General Motors, said on Monday that its annual sales dipped 7.5 per cent in 2025 from a year earlier, with sales slipping both at home and abroad.The company sold 462,310 vehicles last year, down from 499,559 units posted in 2024, the company said in a release, reports Yonhap news agency.Domestic sales plunged 39.2 per cent on-year to 15,094 units, and exports moved down 5.8 per cent to 447,216 units.In December alone, the carmaker’s domesti…