The company will look to consolidate lines at a U.K. plant, partially close a Barcelona warehouse, and shift to a distribution model handled by importer partners in Nordic markets.

Trump on May 1 said he would boost levies on cars and trucks from the European Union to 25%.

Modern shippers face growing complexity in managing transportation spend, yet the RFP processes used to evaluate freight audit and payment (FAP) providers remain largely outdated.

In today’s volatile markets, businesses must evolve from reactive planning to structured adaptability. Integrated business planning (IBP) provides the framework to do so — connecting strategy, finance, operations and execution so organizations can act with clarity and alignment. 

G.M. said it made $2.6 billion in the first quarter of 2026, a 6% decline from the same period a year ago.

House Ways and Means Committee Chairman Jason Smith said that trade policy isn’t always incentivizing an American manufacturing renaissance.

The German economy has been buffeted by the U.S. tariff offense and the increasing competitiveness of Chinese companies in core export industries.

China is fighting back against what it sees as rising protectionism in the West.

The shift is part of a broader plan to rework its operations to insulate the company from supply chain shocks, tariffs and geopolitical tension.