13:05:30 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



General Motors Company
Symbol GMM
Shares Issued 1,451,677,428
Close 2017-09-22 U$ 39.37
Market Cap U$ 57,152,540,340
Recent Sedar Documents

Globe says GM, others hear call for higher U.S. content

2017-09-25 07:32 ET - In the News

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The Globe and Mail reports in its Saturday, Sept. 23, edition that Commerce Secretary Wilbur Ross says Washington will push for higher U.S. content in auto manufacturing as North American free-trade agreement renegotiations enter the third round in Ottawa. The Globe's Robert Fife, Steven Chase, Greg Keenan and Adrian Morrow write that Mr. Ross on Friday said the share of U.S. manufacturing content in imports has dropped significantly since NAFTA took effect in the 1990s. Mr. Ross said recently: "If we don't fix the rules of origin, negotiations on the rest of the agreement will fail to meaningfully shift the [U.S.] trade imbalance. That is going to change under President [Donald] Trump, and rules of origin are just the beginning." Mr. Ross's comments were immediately refuted by Canadian auto-industry executives during a meeting with Foreign Affairs Minister Chrystia Freeland late Friday afternoon. Automotive Parts Manufacturers' Association of Canada president says, "The U.S. has fared better than Canada over the last 16 years." Canada-U.S. trade is effectively in balance with Canada posting a sizable deficit in auto parts and running a surplus in finished vehicles.

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