JHVEPhoto General Motors ( GM ) is halting operations at Factory ZERO until April 13, 2026, extending downtime that initially started around March 16 and reflecting a broader “production‑slowdown mode” for EVs. The automaker said the move is meant to align EV output with current market demand after a roughly 50% cut in production at Factory ZERO earlier in 2026. "Factory ZERO will temporarily adju...
JHVEPhoto General Motors ( GM ) is halting operations at Factory ZERO until April 13, 2026, extending downtime that initially started around March 16 and reflecting a broader “production‑slowdown mode” for EVs. The automaker said the move is meant to align EV output with current market demand after a roughly 50% cut in production at Factory ZERO earlier in 2026. "Factory ZERO will temporarily adjust production to align EV production with market demand," spokesperson Kevin Kelly said in a statement, according to The Detroit News. "Impacted employees will be placed on a temporary layoff and may be eligible for subpay and benefits in accordance with the GM-UAW national contract." The move underscores a broader slowdown in EV adoption in the U.S. The automaker has also taken significant financial hits tied to its EV strategy, including writedowns totaling about $7.6B. More on General Motors General Motors Looks Like A Bargain, But It Isn't General Motors Company (GM) Presents at Bank of America Global Automotive Summit - Slideshow General Motors Company (GM) Presents at Bank of America Global Automotive Summit Transcript General Motors boosting production of heavy-duty trucks to meet demand General Motors doubles down on South Korea with $600M investment
Goldman Sachs Group Inc. and Bank of America Corp. are poised to capture a larger share of Japan’s equity capital market in the fiscal year ending March, driven by a surge in block trade activity. Nomura Holdings Inc. is set to retain the top spot, with a 19.6% share of offerings by Japanese companies, according to Bloomberg-compiled league table data for the 12 months through this month. Goldman ...
Goldman Sachs Group Inc. and Bank of America Corp. are poised to capture a larger share of Japan’s equity capital market in the fiscal year ending March, driven by a surge in block trade activity. Nomura Holdings Inc. is set to retain the top spot, with a 19.6% share of offerings by Japanese companies, according to Bloomberg-compiled league table data for the 12 months through this month. Goldman Sachs underwrote 17.3%, its highest share since 2017, while Bank of America captured 13.3%, its largest on record in data going back to 2009. Companies and shareholders raised ¥5.4 trillion in the fiscal year, compared with ¥6.1 trillion a year earlier. The rankings include initial public offerings, block trades and convertible bonds. Solely managed private transactions played a key role in lifting the US banks’ rankings. Goldman arranged Kioxia Holdings Corp.’s ¥324 billion ($2 billion) block trade, while BofA worked on Toyota Motor Corp.’s ¥254 billion deal. Japan Share Sales Boom as Cross-Holding Unwinding Gains Momentum Japan Bond Blowout Funnels Corporate Borrowers to Convertibles Block Trades Reach Record in Japan’s Drive for Corporate Reform Japan IPOs Raise $8 Billion in 2025, Reaching a Seven-Year High While frequently top-ranked Nomura retained its lead, the ascent of the two Wall Street banks to second and third place underscores intensifying competition among peers as share sales gain traction in Japan. Sizable offerings in the fiscal year included SBI Shinsei Bank Ltd.’s ¥370 billion IPO , Nintendo Co.’s ¥227 billion share sale, and Nippon Steel Corp.’s ¥600 billion convertible bond issuance. Still, conflicts in the Middle East have weighed on sentiment, and Japanese equity gauges entered a technical correction this month, leaving investment bankers to compete for a smaller pool of deal flow.
Oil fluctuated after the Wall Street Journal reported that US President Donald Trump told aides he’s willing to end the military campaign in Iran even if the vital Strait of Hormuz remains largely closed. Earlier crude jumped when Iran attacked a Kuwaiti oil tanker near Dubai. Bloomberg's Stephen Stapczynski reports. (Source: Bloomberg)
Oil fluctuated after the Wall Street Journal reported that US President Donald Trump told aides he’s willing to end the military campaign in Iran even if the vital Strait of Hormuz remains largely closed. Earlier crude jumped when Iran attacked a Kuwaiti oil tanker near Dubai. Bloomberg's Stephen Stapczynski reports. (Source: Bloomberg)