The company says a turnaround will take time as the market for luxury goods cools and China muddles through economic doldrums.
iPhone sales in the country fell nearly 20% in the first quarter, with many consumers flocking to local rivals.
GM said it grew market share across several pickup and SUV models, despite pricing incentives that were “well below” the industry average.
The new bill could be voted on in the Senate as soon as Tuesday, and TikTok is ready with a legal strategy.
Shares are at a 15-month low amid a pile-up of bad news, as analysts call for a course correction, and production woes continue to mount.
The short-form video app said it will soon launch “TikTok Notes,” a photo-and-text-based platform intended to mimic the appeal of Instagram.
The Taiwanese chipmaker already had two factories in the works, and it’s getting some funds to build a third.
With AI on the mind, US tech heavyweights are are urging Taiwan-based contract manufacturers to move production facilities to Mexico.