Morning Business Report: GM announces $4 billion U.S. investment as trade talks, AI shakeups
(LILAMAX)- General Motors has unveiled plans to invest $4 billion across several U.S. plants, bringing production of two of its popular Chevrolet vehicles—currently built in Mexico—back to the United States. The gas-powered Chevrolet Equinox will begin production at GM’s Fairfax Assembly plant in Kansas by mid-2027. Meanwhile, the Chevrolet Blazer will be added to the Spring Hill Assembly in Tennessee starting the same year.
The move is expected to be seen as a win for President Trump’s trade and tariff policies, which imposed new levies on imported vehicles in April and many auto parts in May. High-level trade talks between the United States and China in London ended with both sides announcing a consensus on a new trade framework. Negotiators will now seek final approval from both presidents before implementation. The agreement builds on a breakthrough deal reached in mid-May that paused the rollout of new tariffs for 90 days.
Markets reacted positively, with stocks closing higher Tuesday on optimism surrounding the trade developments.
Major news outlets are warning of an existential crisis as artificial intelligence features from big tech companies—particularly Google—significantly reduce web traffic.
Google’s new “AI Overviews” feature now replaces traditional blue search links with AI-generated summaries. A more recent rollout, “AI Mode,” offers conversational-style search responses with minimal links, compounding fears of a continued traffic plunge. Some news organizations now warn that Google-driven traffic could eventually fall to zero.
In brighter news for the aviation sector, Boeing reported its highest monthly airplane order volume since late 2023. The company booked 303 orders in May. Production of its bestselling 737 MAX jets has ramped up to 38 planes per month—the current limit imposed by the Federal Aviation Administration.
