GM says tariffs hurting profits
Car manufacturing giant General Motors said the Trump administration's tariffs are hurting its bottom line. Kelly O'Grady explains.
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Car manufacturing giant General Motors said the Trump administration's tariffs are hurting its bottom line. Kelly O'Grady explains.
A 25% tariff on vehicles and auto parts imported into the U.S. has hit automakers amid President Trump's push for global trade partners to reach deals with the U.S. by Aug. 1. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
The recall follows a January investigation by U.S. auto safety regulators into reports of engine failure in certain GM vehicles.
The Dow Jones closed in the red on Thursday, with Ford stocks falling more than 3% and General Motors stocks falling more than 6% as investors reacted to President Trump's new 25% tariff on auto imports. CBS News MoneyWatch correspondent Kelly O'Grady has more.
General Motors is adding over 132,000 heavy-duty pickups in the U.S. to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.
CEO Mary Barra talks about GM's expanding electric vehicle lineup, as "Sunday Morning" takes a high-speed tour of General Motors' Milford Proving Ground, which has been a hub for automotive innovation for a century.
Lawsuit alleges GM is signing up car owners for its OnStar system without notifying them that data is being sold to insurers.
Senate Republicans, House Democrats to consider separate legislation; James Gandolfini's son, Michael, to play young Tony Soprano in movie
General Motors will lay off about 1,300 workers from two of its Michigan plants, according to WARN notices the company has filed with state regulators.
Automakers, including General Motors, Ford and BMW, are charging drivers subscription fees to use certain state-of-the-art features, such as remote locking and hands-free cruise control. Carter Evans has details.
General Motors projects subscription fees to bring in as much as $25 billion a year by 2030.
The companies agreed to dramatically raise pay for top-scale assembly plant workers, with increases and cost-of-living adjustments.
Workers at some Ford, GM and Stellantis plants are opposing the UAW's tentative agreement. "This is not a clean sweep," one. labor expert said.
Ed Welburn is known for bringing beauty back to General Motors' cars. He spent 44 years designing vehicles, rising through the ranks to become the company's first head of global design and the highest-ranking African-American man in the industry. Michelle Miller has more on his incredible story.
President Joe Biden met with United Auto Workers in Belvidere, Illinois, and celebrated the success of a recent six-week strike that ended in a new, tentative agreement with the Detroit Big 3 car manufacturers. CBS News senior White House correspondent Weijia Jiang reports on how the union developments could affect Biden's 2024 reelection bid.
The company says it's updating the vehicles' software to have the Cruise vehicles stay put in circumstances like the one that led to the incident.
Insurance group's latest crash tests show that several popular pickup models could put rear passengers at risk.
General Motors is now the last of the Big Three automakers to reach a tentative deal with the United Auto Workers union. CBS News senior transportation correspondent Kris Van Cleave explains what happens next.
UAW President Shawn Fain hails "groundbreaking" agreement with GM and says union is suspending its strike with the Detroit automakers.
Labor experts said the UAW's hardball tactics, including a historic six-week strike, paid off. Here's what autoworkers are getting.
A tentative agreement between the United Auto Workers and General Motors will still need the approval from the union's national council and a majority of its members, but an approval likely would mean employees will return to work at some point in November. Brian Rothenberg, a former UAW spokesperson and a partner at Triumph Communications, joins CBS News to discuss some of the key points in the deal.
The United Auto Workers reached a tentative agreement on a new labor contract with General Motors, a move that could end the union's six-week strike. CBS News senior transportation correspondent Kris Van Cleave has the latest.
The pact with Stellantis comes just days after the UAW struck a similar deal with Ford, leaving only GM without an agreement.
With the tentative deal reached with Ford, the UAW will now be able to use it to model similar contract settlements with GM and Stellantis.
The United Auto Workers and Ford reached a tentative contract agreement Wednesday evening, a move that will be critical to ending the union's six-week-old strikes against Detroit's Big Three automakers. CBS News senior transportation correspondent Kris Van Cleave has more.
"You come first," declares the new anchor of the Evening News. "Not advertisers. Not politicians. Not corporate interests — including the new owners of CBS."
Police in Switzerland say a fire at a bar in the Crans-Montana ski resort area is believed to have left about 40 people dead and dozens more injured.
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
Zohran Mamdani was sworn in early Thursday as the 112th mayor of New York City. The democratic socialist is the city's first Muslim mayor, as well as one of its youngest ever.
A viral social media video has put Minnesota's long-running fraud scandal at the center of the national conversation. Here's what to know.
Steep U.S. import duties targeting 13 Italian pasta makers will be sharply reduced, Italy's foreign ministry said on Jan. 1.
New Zealand and Australia were among the first to welcome 2026, but in Sydney and some other cities, the festivities are tinged by grief.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
A U.S. District Court judge issued a summary judgment on Wednesday, finding that the effort to revoke the legal status of tens of thousands of Hondurans, Nepalis and Nicaraguans was unlawful
Steep U.S. import duties targeting 13 Italian pasta makers will be sharply reduced, Italy's foreign ministry said on Jan. 1.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
Plan ahead as banks, post offices and major stock exchanges will be closed in observance of the federal holiday.
Respondents to a Michigan college's survey of overused and misused words and phrases say "6-7" is "cooked" and should come to a massive full-stop.
The levy, which would impose a new 11% tax on the gross fares paid by a cruise ship's passenger, was set to go into effect at the start of 2026.
Steep U.S. import duties targeting 13 Italian pasta makers will be sharply reduced, Italy's foreign ministry said on Jan. 1.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
Plan ahead as banks, post offices and major stock exchanges will be closed in observance of the federal holiday.
The levy, which would impose a new 11% tax on the gross fares paid by a cruise ship's passenger, was set to go into effect at the start of 2026.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
Zohran Mamdani was sworn in early Thursday as the 112th mayor of New York City. The democratic socialist is the city's first Muslim mayor, as well as one of its youngest ever.
In a private ceremony at the abandoned Old City Hall subway station, Mamdani was sworn in by New York Attorney General Letitia James as the clock struck midnight on New Year's Eve.
Chief Justice John Roberts says the Constitution remains a sturdy pillar for the country, a message that comes after a tumultuous year in the nation's judicial system.
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
In 2026, several states are set to prohibit individuals from purchasing certain junk food items using their federal benefits. Meg Oliver has the details.
The Centers for Disease Control and Prevention says 32 jurisdictions are showing "high" or "very high" levels of flu.
Mom-and-pop shops will be exempt from this change, but big manufacturers in California will need to start adding folic acid to tortillas beginning January 1.
The number of Americans with Alzheimer's disease is expected to double from 7 million in 2020 to 14 million by 2060, according to the CDC. However, advances in treatment options are giving more people hope in slowing the decline. Dr. Jon LaPook breaks it down.
Pope Leo XIV celebrated a New Year's Day Mass in St. Peter's Basilica and then delivered a special noontime prayer from his studio overlooking the piazza.
Police in Switzerland say a fire at a bar in the Crans-Montana ski resort area is believed to have left about 40 people dead and dozens more injured.
George Clooney and his wife, Amal Clooney, were granted French citizenship because "they contribute, through their distinguished actions, to France's international influence and cultural outreach," the French government said.
The two-time former heavyweight champion and Olympic gold medalist was involved in a fatal road crash near Lagos on Monday.
Three people were killed Tuesday when the first boat was hit, while individuals in two other boats jumped overboard, according to U.S. Southern Command.
George Clooney and his wife, Amal Clooney, were granted French citizenship because "they contribute, through their distinguished actions, to France's international influence and cultural outreach," the French government said.
Here are the significant books, films and characters joining the list of works in the public domain on Jan. 1, 2026.
The hit series "The Pitt" has earned praise for its realistic look at the pressures facing health care workers. Chief medical correspondent Dr. Jon LaPook spoke to the star of the show, Noah Wyle, for "CBS Sunday Morning." Wyle talked about how the cast prepared for their roles beyond learning their lines before shooting the series even began.
Here's what to know about the lineup of performances scheduled for New Year's Eve, as crowds gather in Times Square to ring in 2026.
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
Arizona is fast becoming a major hub for computer chip production thanks to what's being called the largest foreign direct investment in U.S. history. Kris Van Cleave takes us to a sprawling campus in Phoenix that is providing thousands of jobs while reducing America's reliance on overseas products.
The company's investment in safety prevention comes amid growing concerns over the potential harm of artificial intelligence.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
After the Trump administration paused federal assistance to child care centers in Minnesota, parents are now wondering if their kids' day care is in jeopardy, as the government investigates fraud claims. Jonah Kaplan has been following this developing story.
There may be millions of documents the Justice Department still needs to release from the case against convicted sex offender Jeffrey Epstein. By law, those files were required to be made public nearly two weeks ago. Scott MacFarlane has the latest.
A Minneapolis day care says that vandals damaged the facility early this week, after a YouTube video purporting to expose fraud among day cares in the Twin Cities metro area went viral.
Patriots star Stefon Diggs is facing charges of strangulation, assault and battery following an incident in Massachusetts earlier this month. Diggs' attorney, David Meier, said in a statement that the wide receiver "categorically denies" the allegations and "looks forward to establishing the truth" in court. CBS News Boston's Aaron Parseghian has more.
New Orleans is marking one year since 14 people were killed and dozens more were injured in a terror attack on the city's iconic Bourbon Street. Kati Weis spoke to the family of one of the victims about how they're remembering their loved one.
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
"CBS Mornings" looks back at favorite moments from 2025 as the new year kicks off.
Dozens of people are presumed dead and about 100 others are injured after a fire tore through a bar at a Swiss Alps ski resort, police say. Authorities are working to determine the cause, but do not believe it was an attack.
Hundreds of thousands of people braved the cold weather in New York City to watch the iconic ball drop in Times Square on New Year's Eve. Meanwhile in London, fireworks lit up the sky to welcome 2026 and there were drone displays in the United Arab Emirates.
"You come first," declares the new anchor of the Evening News. "Not advertisers. Not politicians. Not corporate interests — including the new owners of CBS."