favorites

Bill Ackman makes big bet on Hertz becoming tariff winner

Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20% stake in Hertz.

David Welch

Dealers have seen a surge in demand from would-be buyers worried about prices.

GM said the buyback has no expiration date but that it aims to complete the first $2 billion in repurchases by the end of the second quarter.

The company’s shares fell 11% on Thursday to $251.46 as of Thursday morning.

Once a linchpin of GM’s global strategy, the company’s China business is in free fall.

If new rules enable cars without human controls, that would directly benefit Elon Musk, Tesla's CEO and a Trump mega-donor.

Rival Ford Motor Co.’s F-150 Lightning pickup tops out at about 320 miles of range.