The automaker, which makes vehicles in Oshawa and Ingersoll, Ont., said its tariff-related expenses will remain around US$4 billion to US$5 billion this year, as it continues to make vehicles in Canada, Mexico and South Korea.  (The Logic)

Talking point: GM’s shares fell nearly eight per cent, despite comments from chief financial officer Paul Jacobson that it will cut tariff costs with sourcing and production adjustments. The automaker, which has a major software hub in Ontario, said its costs for software-related repairs have fallen 25 per cent. On the earnings call, CEO Mary Barra also touted the company’s collaborations with EV charging programs like Ionna and battery recycler Redwood Materials, despite struggles of previous GM partners, including Quebec’s Flo and Ontario’s Li-Cycle. Meanwhile, GM is reportedly proceeding with an EV-battery material factory in Quebec, which was originally built to focus on nickel-based batteries, on top of a new deal to develop iron-based batteries with LG Energy Solutions in Tennessee.