General Motors

The Big Three automaker has sold 200,000 electric cars.

Senate Finance Committee Chairman Orrin Hatch questioned President Donald Trump’s call to end a tax break for electric cars made by General Motors Co. and others following the company’s announcement that it would lay off workers and close plants.

A legislative repeal of the credit could actually end up giving GM a better competitive position.

Corporate America, and even Republican leaders, have warned President Donald Trump that his trade war could end up erasing some of the savings reaped from the sharp cut in the corporate tax rate.

Tax cuts signed by an America First president are turning out to be a major boon to some of the world’s biggest automakers—except those based in the U.S.

The push by Tesla Inc., General Motors Co. and other carmakers to boost sales of electric vehicles was dealt a blow by House Republicans who on Thursday proposed eliminating a $7,500 per vehicle tax credit that has helped stoke early demand.