Jess Carter

General Motors has increased its guidance for the second time this year, with North American profits rising by 43 percent from last year. Despite a decrease in net income due to electric vehicle write-downs, Finance and Insurance managers are worried about customers with negative equity. Additionally, Canada’s counter tariffs are impacting the U.S. vehicle exports, highlighting the ongoing challenges in the automotive industry.

Bosch has started sample production at its new semiconductor plant in Roseville, California, marking the company’s first chip fabrication site in the U.S. The facility focuses on silicon carbide semiconductors for electric vehicles and plans commercial production later in 2026.