The U.S. announced - and then immediately suspended - a 25% import tariff on goods from six countries over their taxes on U.S. tech companies to allow time for multilateral negotiations on a new international tax framework to continue. Read More...
Reuters
GM sees ‘significantly better’ first-half 2021 results, to ramp up production
The Detroit-based company also said it would ramp up production of large- and mid-sized pickups, producing about a 1,000 Chevrolet Silverado HD and GMC Sierra more every month, starting mid-July and increasing shipments of Chevrolet Colorado and GMC Canyon by about 30,000 total units from mid-May. Shares of the company, which restarted operations only recently after factories had been idled due to a global semiconductor chips shortage, were up 3% before the bell. “The global semiconductor shortage remains complex and very fluid, but the speed, agility and commitment of our team… has helped us find creative ways,” Phil Kienle, GM vice president North America Manufacturing and Labor Relations said.
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