Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-09-12T03:26:50+00:00
General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F), rivals for more than a century in racing and vehicle sales, are now competing in defense contracting and energy storage, CNBC reported on September 5. Ford joined GM this year in seeking U.S. military contracts after the Trump administration approached domestic automakers about using their mass manufacturing expertise. GM is years ahead in this space, already building a backlog around a U.S. Army contract for Infantry Squad Vehicles that could exceed $1 billion depending on congressional appropriations. GM expects its 2026 defense revenue to grow to almost $700 million while targeting positive earnings in the segment this year. Both companies are also entering the energy storage system market, betting on rising electricity c
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