According to @CNBC, General Motors will record $7.1 billion in fourth-quarter charges driven by an EV program pullback and restructuring actions in China. Source: CNBC. The announcement specifies that the $7.1 billion will be recognized in Q4, with the stated drivers being an EV pullback and China restructuring, which are the core factors traders will monitor around GM’s quarterly financials. Source: CNBC. The report does not provide a detailed breakdown of the charges or mention any direct implications for cryptocurrencies, and no crypto assets are cited. Source: CNBC.

According to The Kobeissi Letter, Canadian Prime Minister Carney announced that Canada will impose a 25% tariff on all vehicles imported from the U.S. that do not comply with the USMCA trade agreement. This move could affect trading dynamics in the North American auto sector, potentially increasing costs for U.S. car exporters and influencing market shares.