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Tariffs have added costs that automakers mostly have not offset with higher prices, and they are reining in investments for EVs that are selling slowly as the government eliminates incentives.

GM plans to release a Cadillac Escalade IQ electric SUV that, when on the highway, allows drivers to go hands- and eyes-free, the company announced Oct. 22.

CEO Mary Barra thanked President Donald Trump for extending through 2030 a tariff discount on some imports for carmakers that produce and sell completed automobiles in the U.S.

GM will give about $6,000 of its own cash for lease support and to keep EV sales going.

Going online is the latest move by CEO Gil West to further grow retail sales, which gets the company much better pricing than selling its rental vehicles at wholesale auctions.

The plan would be the largest deployment of self-driving trucks in North America, according to Gatik, a sign that autonomous freight transport is starting to gain traction.

GM is bracing for the early expiration of $7,500 in consumer tax credits for the purchase of EVs added during the Biden administration that President Trump and the Republican Congress have cut.

“We’re accelerating the development of autonomous driving technology capable of operating without active human oversight,” spokeswoman Chaiti Sen said in a statement.

The latest agreement and two others will allow GM to get the majority of rare-earth magnets it sources directly from domestic suppliers.

General Motors said it suffered a $1.1 billion profit hit from President Donald Trump’s tariffs and revealed no plan for a near-term fix to return to pre-tariff profit levels.