America loves its pickup trucks. In 2023, the three best-selling vehicles in the United States were the Ford F-Series, RAM, and Chevrolet Silverado. However, truck trends are changing and smaller, more efficient vehicles are gaining a larger market share.

General Motors Corp., after a series of twists and complications, received final approval to go racing in Formula One in 2026.

Shares of automotive manufacturer General Motors (NYSE:GM) jumped 8.2% in the mid-day session after the Trump administration announced a one-month delay for tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement.

Cadillac will add an 11th team to Formula 1 in 2026, and Minnesota Senator Amy Klobuchar is happy to see an all-American team take its place on the F1 grid.

The president said he would pause a 25 percent tariff on cars coming from Canada and Mexico under a trade pact for one month, while other levies stay in place.

General Motors (GM) shares ended the last trading session 7.2% higher at $48.48. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.

President Donald Trump agreed to delay tariffs for one month on some vehicles built in North America after a call with the CEOs of General Motors and Ford and the chair of Stellantis, the White House said Wednesday.

The latest comments from Commerce Secretary is a sudden backing away after Tuesday’s tax hike hurt the stock market.

The White House press secretary said Trump decided to pause the 25% tariffs on auto imports after talking to officials with Ford, GM and Stellantis.

The stock market surged on Wednesday after the Trump administration granted automakers a one-month exemption from tariffs imposed a day earlier. The Dow Jones Industrial Average closed the trading session up nearly 500 points, or 1.1%, while the S &P 500 also jumped 1.1%. The tech-heavy Nasdaq increased nearly 1.5% on Wednesday.

Cadillac's Formula 1 team received official approval Friday to join the grid in 2026 and its owners insist the team will be ready to compete. Although the grid expansion was approved last November, it was not until Friday that governing body FIA and Formula One Management said the Cadillac F1 effort meets all the requirements to become the 11th team in the series next season.