Carmaker GM supports Mexico's push to strengthen regional supply chains-March 2024-www.financetom.com

Carmaker GM supports Mexico's push to strengthen regional supply chains

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Carmaker GM supports Mexico's push to strengthen regional supply chains

Oct 17, 2024 12:18 PM

MEXICO CITY, Oct 17 (Reuters) - U.S. automaker General

Motors ( GM ) said on Thursday that it fully supported the Mexican

government's push to strengthen supply chains in the region,

though it declined to "respond to speculation about future

plans."

Mexico's deputy economy minister had said on Wednesday that

GM and Taiwanese tech giant Foxconn would announce plans

to swap out imports to Mexico for production in the country

later this month.

Previous page： Skyworks' Weaker Outlook for Broad Markets, Higher Expenses to Dampen 2025 Profitability, Morgan Stanley Says Next page： Crypto legislation likely coming under Trump, ex-SEC chief says

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Skyworks' Weaker Outlook for Broad Markets, Higher Expenses to Dampen 2025 Profitability, Morgan Stanley Says

Nov 13, 2024

11:29 AM EST, 11/13/2024 (MT Newswires) -- Skyworks Solutions' ( SWKS ) 2025 revenue and gross margins are under pressure amid a weaker outlook for its Broad Markets businesses, Morgan Stanley said in a note Wednesday. Gross margins are expected to be roughly flat sequentially for FY2025, which is disappointing as we expected inventory normalization to provide a lift, the...

Crypto legislation likely coming under Trump, ex-SEC chief says

Nov 13, 2024

NEW YORK (Reuters) - Congress is likely to adopt legislation governing cryptocurrencies during President-elect Donald Trump's administration, Jay Clayton, a former top Wall Street regulator and potential political appointee, said on Wednesday. Clayton also said he favored easing regulatory burdens to encourage companies to go public, remarks foreshadowing broad-based changes in public policy now anticipated by industry, which spent heavily...

Germany blocks oil firms from using past emissions credits to support biofuel industry

Nov 13, 2024

Nov 13 (Reuters) - The German cabinet on Wednesday approved reforms to restrict oil companies from carrying excess emissions reductions credits forward, in a step aimed at boosting the biofuel industry that was hit by a quick drop in carbon prices in recent years. Under current law, oil companies must gradually lower the carbon impact of their fuels, with a...

Update: Griffon Shares Jump Following Fiscal Q4 Beat

Nov 13, 2024

11:29 AM EST, 11/13/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.) Griffon (GFF) shares jumped more than 13% in recent trading on Wednesday after its fiscal Q4 adjusted earnings and revenue exceeded analysts' consensus. The company reported fiscal Q4 adjusted earnings of $1.47 per diluted share, up from $1.19 a year earlier. Analysts...