Shares of Ford (F) and General Motors (GM) slammed into reverse gear as President Donald Trump doubled down on plans to slap 25% tariffs on

General Motors has responded to Triple Eight Race Engineering's decision to switch to Ford in 2026, in a switch that has made global headlines. Confirmed Friday, Triple Eight will return to Ford in 2026, 16 years after the team switched to Holden Commodores and, later, Chevrolet Camaros.

Reigning Supercars champion team Triple Eight Race Engineering has confirmed it will field Ford Mustangs from 2026. In a blockbuster Supercars story, Triple Eight and Ford revealed they will rejoin forces, 15 years after the championship-winning squad defected from the Blue Oval to General Motors.

“We acknowledge Ford’s decision to appoint Triple Eight Race Engineering as its Homologation Team from the 2026 Repco Supercars Championship season, subject to the formal approval process with Ford’s Supercars teams,” said Supercars CEO Shane Howard.

Top US automakers Ford (F) and General Motors (GM) are facing possible pressures from the Trump administration over proposed tariffs that could hit auto imports from North American neighbors Mexico and Canada.

Triple Eight Race Engineering will make the blockbuster switch from General Motors to Ford for the 2026 Supercars season. Ford says “it is planned” that Triple Eight will take over homologation duties from the struggling Dick Johnson Racing next season.

Ford Motor Company ( F -0.39%) investors have had plenty of negative news to digest recently. 2024 was a bumpy ride as Ford had to grapple with higher warranty costs, advanced electric vehicles taking over the market in China, and crosstown rival General Motors seemingly thriving and raising guidance at every opportunity.

While Chrysler Corporation has yet other import any vehicles from China for the U.S. market, it is far from the most “made in the USA” of the Detroit Three.

General Motors (NYSE: GM) turned in a strong 2024 on the back of rising sales. In fact, Detroit's largest automaker consistently topped Wall Street estimates and raised guidance while crosstown rival Ford Motor Company grappled with higher warranty costs.

GM announced profit-sharing checks up to $14,500 for 45,000 U.S. hourly workers, a record linked to its strong pre-tax earnings but contrasted by layoffs and an unchanged focus on gasoline vehicles.

Deutsche Bank upgraded General Motors (GM) to Buy from Hold with a $60 price target into the Q4 report. The firm cites GM’s recent strategic

GM announced a record-setting profit-sharing bonus for workers. The profit-sharing amount is much larger than in the past two years, amid workforce cuts. Scott Bessent confirmed as Treasury secretary, giving him a key role in extending Trump's tax cuts