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Walmart pulled its operating income guidance for the current quarter, citing uncertainty about the potential impact of sweeping tariffs on its business.
In a news release, the discounter said it wants to “maintain flexibility” in case it has to spend more to keep prices low.
The big-box retailer reaffirmed its full-year guidance ahead of an investor event on Wednesday.

A Walmart Supercenter in Burbank, California, on Nov. 21, 2024.
Allen J. Schaben | Los Angeles Times | Getty Images

DALLAS — Walmart on Wednesday pulled its outlook for operating income in the first quarter, citing uncertainty about the potential impact of sweeping tariffs on China, Vietnam and other key sources of goods across the globe.
In a news release, the discounter said it wants to “maintain flexibility to invest in price as tariffs are implemented.” It did not provide a new range for first-quarter operating income. It had projected an increase of 0.5% to 2.0% in adjusted operating income in the fiscal first quarter.

Walmart maintained its first-quarter sales outlook of 3% to 4% growth.
The retailer made the move the same day that President Donald Trump’s sharp tariffs took effect on significant manufacturing hubs that produce some of the goods that it carries. The duties began at 12:01 a.m. ET, including an expected 104% tariff on imports from China and a 46% levy on imports from Vietnam.
Yet the long-term fate of the tariffs remains unclear, as Trump sends mixed signals about his willingness to strike deals with some countries to lower the duties. Treasury Secretary Scott Bessent has said some 70 countries have reached out to the White House for talks about the levies.
Walmart’s announcement comes as major U.S. companies start to speak out about the uncertainty the tariffs have created for their businesses. Delta also said bookings have suffered due to the trade war and said it will not expand flying in the second half of the year.
Though it said the uncertainty around tariffs made it hard to predict first-quarter operating income, Walmart stuck by its full-year guidance. The discounter said in February that it expects full-year net sales to grow 3% to 4% and adjusted operating income to increase between 3.5% and 5.5% on a constant currency basis. That includes a 1.5 percentage point headwind from acquiring smart TV company Vizio and from having a leap year in 2024.

The company said in February that it expects full-year adjusted earnings of $2.50 to $2.60 per share, which includes a 5 cent per share headwind from currency.
Along with tariff-related uncertainty, Walmart also blamed pulling the first-quarter operating income guidance on insurance-related costs and a less favorable mix of merchandise. The company’s leaders have spoken frequently about how inflation has made U.S. consumers more value conscious and selective, causing some to buy lower-margin necessities like groceries and household items instead of higher-margin items like clothing.

Walmart in ‘a fluid environment’

Walmart’s announcement came ahead of an investor presentation on Wednesday by the retailer’s top leaders. It is part of a two-day event in Dallas.
In his opening remarks on Tuesday, CEO Doug McMillon acknowledged the strange time that the retail giant found itself in.
“Clearly, our environment has changed, so that makes this really exciting for us,” he said, eliciting a laugh from the room of investors, bankers and reporters.
“We’ve learned how to manage through turbulent periods,” he said. “Especially these last couple of years, it has been one thing after the other.”
“It’s clearly a fluid environment,” he said. “And while we don’t know everything that’s going to happen, of course, we do know what our priorities are, and we know what our purpose is, and we’ll be focused on keeping prices as low as we can. We’ll be focused on managing our inventory and our expenses well.”

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The Food and Drug Administration has gutted a division responsible for training agency staff and outside health-care professionals on an array of public health, regulation and safety practices and supporting professional development among employees, CNBC has learned.
The Division of Learning and Organizational Development, or DLOD, faces cuts under Robert F. Kennedy Jr.’s broader plan to restructure the Department of Health and Human Services.
The FDA is losing a central resource for employees to go to for key training and professional development

FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. 
Jason Reed | Reuters

The Food and Drug Administration has gutted a division responsible for training agency staff and outside health-care professionals on an array of key public health, regulation and safety practices and supporting professional development for employees, CNBC has learned. 
In an email viewed by CNBC, workers were notified that the Division of Learning and Organizational Development, or DLOD, faces cuts under Robert F. Kennedy Jr.’s broader plan to restructure the Department of Health and Human Services, or HHS. All of the more than 30 employees in the division were laid off. While it was a small team within the FDA, it was a key resource for the entire agency and external doctors, nurses, pharmacists and pharmacy technicians, among other professionals.

Kennedy is slashing 10,000 jobs at HHS, including roughly 3,500 full-time employees at the FDA, to focus on what HHS called “streamlining operations and centralizing administrative functions.” The FDA is responsible for regulating and overseeing the safety, efficacy, and security of human and veterinary drugs, medical devices, food and cosmetics, among other items.
HHS has said the cuts at the agency will not affect inspectors or reviewers of drugs, medical devices or food, and will primarily target workers deemed as having unnecessary responsibilities. But reports suggest that the Trump administration is eliminating some employees who played a key role in protecting public health, such as top veterinarians overseeing the FDA’s bird flu response amid outbreaks in poultry and U.S. dairy cows, along with several recent human cases.
Kennedy last week said some personnel and programs at federal agencies affected by his sweeping reductions will be reinstated, but it is unclear if that includes DLOD employees. The FDA did not immediately respond to a request for comment. 
The division is canceling all planned activities, including scientific and regulatory education along with leadership and organizational development, according to the email. It is also scrapping the processing and approval of any so-called continuing education activities across the FDA, which refers to formal educational programs that help agency staff and external health-care professionals stay up to date on medical science, public health and regulatory practices, the email said.
For example, some programs trained agency staff and external doctors, nurses and pharmacists about opioid safety, avoiding medication errors, infectious and rare diseases, clinical trials and using artificial intelligence to support regulatory decisions, according to two FDA employees, who requested anonymity to speak freely. The division also held monthly presentations to highlight research across the agency – such as a recent study on tobacco use –  and its impact on protecting public health, the employees said. 

There are now no staff available to award credits, or points for completing approved educational activities, such as lectures, online modules or workshops, according to one FDA employee. Depending on the state, health-care professionals must earn a certain number of credits each year or licensing cycle to maintain their credentials and stay up to date with medical knowledge and standards.
The FDA is also losing a central resource that employees can go to for professional development and training. 
“With the removal of DLOD, there’s a great deal of uncertainty about how learners and professionals will adapt,” one of the FDA employees said. “They are now responsible for independently finding and selecting their own courses, which may result in confusion or inefficiency.”
One office in the division was fully funded by so-called user fees, not taxpayer dollars, according to the two FDA employees. The FDA collects those fees from companies that produce certain products like drugs and medical devices and from other entities, such as certain certification bodies. 
The Trump administration has cited federal cost savings as part of its justification for laying off employees at HHS, raising questions about why it targeted that unit.
The office – known as the Continuing Education and Consultation Accreditation Team – was the only group within the FDA authorized to issue credits to both FDA employees and outside health-care professionals, the two employees said. The office included six workers, all of whom will lose their jobs.
The office was also the only “jointly accredited” unit within the FDA, which means it was qualified to provide training across different health-care disciplines, the employee said. More

GM is ending production this year of the gasoline-powered Cadillac XT6 at its Spring Hill Assembly plant toward the end of this year.
The automaker will continue to produce a smaller Cadillac crossover, the XT5, until at least the end of 2026.
The changes are unrelated to tariffs and part of Cadillac’s previously announced plans to offer a full lineup of all-electric vehicles, according to the company.

A Cadillac XT6 vehicle is seen at the La Fontaine Cadillac dealership in Highland, Michigan, September 18, 2019.
Rebecca Cook | Reuters

DETROIT — General Motors is ending production this year of a gasoline-powered Cadillac crossover at a plant in Tennessee, while extending production of another vehicle at the facility, CNBC has learned.
The Detroit automaker will cease production of the XT6, a three-row crossover, at its Spring Hill assembly plant toward the end of this year, but it will continue producing a smaller crossover called the XT5 until at least the end of 2026, according to an internal memo sent to plant employees and confirmed by the company.

The changes are unrelated to tariffs, according to a company spokesman. They are part of the brand’s previously announced plans to offer a full lineup of all-electric cars, crossovers and SUVs, he said.
Crossovers blend elements of cars with a traditional truck-based SUV.
Cadillac, which has pulled back on its ambitions to exclusively sell EVs by 2030, has been on an aggressive product rollout that has included introducing six new or updated products in the past year or so. That has included EVs and gas-powered vehicles.

The plant in Tennessee has been producing the Cadillac Lyriq — the brand’s first EV — since 2022. It also recently started production of a three-row crossover called the Vistiq, which essentially replaces the XT6, at the plant.
The internal memo cited “strong customer demand” for the continuation of the XT5, which was expected to end production later this year. The XT5 was Cadillac’s No. 3 selling vehicle last year behind the Escalade SUV and Lyriq.

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Sales of the XT6 have largely been underwhelming since its launch in 2019, with sales averaging about 19,000 units a year. It was the last of GM’s three-row crossovers to be released during that time and shared many components with the less expensive GMC Acadia.
In the memo, plant leadership also said the facility would have scheduled downtime the week of May 12. GM confirmed the downtime, as well as temporary plant layoffs for workers, citing the need to adjust vehicle inventory with demand. More

A swift rise in mortgage rates this week wiped out any advantages of last week’s decline for homebuyers.
Mortgage rates are now about where they have been for the past six weeks.
Homebuyers are now more concerned with the state of the economy and employment than they are with rates.

A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024.
Andrew Caballero-Reynolds | AFP | Getty Images

Mortgage rates hit their highest level in over a month this week, reversing course after a period of improvement.
The average rate on the 30-year fixed rate jumped 22 basis points Monday and another 3 basis points Tuesday to 6.85%, according to Mortgage News Daily, fully erasing the decline from last week.

Much like the stock market, the bond market has been on a roller coaster over the last week, and mortgage rates are along for the ride.
Last week the 30-year fixed rate dropped to the lowest level since last October after President Donald Trump announced global tariffs. The announcement sent the stock market plunging and investors rushing to the relative safety of the bond market. As a result, bond yields fell. Mortgage rates follow loosely the yield on the 10-year Treasury.
“Last week’s drop was a knee-jerk reaction that priced in more dire economic expectations,” said Matthew Graham, chief operating officer at Mortgage News Daily.
“So far this week, bonds are less panicked after several officials have discussed tariff negotiations and deals. Just this morning, when [Treasury Secretary Scott] Bessent referred to tariffs as a melting ice cube, we saw an immediate reaction in the market. Bottom line, rates took a lead off last week as economic fears surged. Now they’re back on base and waiting for the next pitch,” he said.
The initial drop in mortgage rates last week had housing watchers cheering a potential boost to the lackluster spring market. Mortgage rates had been moving in a very narrow range since the end of February, lower than last year, but not by much. Homebuyers are also contending with high, and still rising, home prices, as well as dwindling confidence in the broader economy and their own employment.

“The spring housing season is beginning with more sellers and a growing number of homes for sale,” said Danielle Hale, chief economist at Realtor.com, in its March housing report. “But the high cost of buying coupled with growing economic concerns suggest a sluggish response from buyers in early spring.”
The biggest drop in rates so far this year came not last week, but in January and February, when the 30-year fixed mortgage fell from a high of 7.26% to 6.74%. Despite that decline, pending home sales, which are a measure of initial signed contracts on existing homes, and therefore the most recent indicator of activity, rose just 2% in February from January, according to the National Association of Realtors. Sales were still 3.6% lower than February 2024.
“Despite the modest monthly increase, contract signings remain well below normal historical levels,” said Lawrence Yun, NAR’s chief economist. “A meaningful decline in mortgage rates would help both demand and supply – demand by boosting affordability, and supply by lessening the power of the mortgage rate lock-in effect.”
The next significant move in mortgage rates could come as the market digests new economic data, namely Thursday’s consumer price index and Friday’s produce price index reports. Both have a strong track record of influencing rate momentum.

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Walmart+ members drove nearly half of the total spent across Walmart’s website and app in the U.S. in the most recent fiscal year, the company told CNBC.
The membership program is an example of the newer moneymakers that have allowed Walmart to grow profits faster than sales.
The discounter will deliver business updates at an investor event in Dallas on Tuesday and Wednesday.

Shoppers at the Walmart Supercenter in Burbank during Walmart’s multi-week Annual Deals Shopping Event in Burbank Thursday, Nov. 21, 2024.
Allen J. Schaben | Los Angeles Times | Getty Images

As tariffs roil the U.S. economy, Walmart may find safety in a new part of its business that’s driving more store traffic and online sales: its membership program, Walmart+.
Customers who belong to the subscription-based service accounted for nearly 50% of spending across Walmart’s website and app in the U.S. in the most recent full fiscal year, which ended in late January, the company told CNBC. On average, Walmart+ members shop twice as much and spend nearly three times as much as Walmart customers who aren’t subscribers.

The membership program’s gains come at a helpful time for Walmart. The big-box retailer disappointed Wall Street with its outlook for the year ahead even before President Donald Trump announced tariffs on goods from around the world, sparking retaliation and fears of a global recession.
As the largest grocer in the U.S., the discounter has advantages in an economic downturn. Even so, Walmart+ could help insulate it from tariff turmoil, not only because it’s a new source of revenue, but also because it helps to drive loyalty.
In an interview with CNBC, Chief Growth Officer Seth Dallaire described the program as a “frequency driver.” He said Walmart has seen a rise in spending per subscriber and strong growth of sign-ups through Walmart+ Assist, a program that allows customers who qualify for government assistance to pay half price for membership.
He added that as Walmart+ grows, higher profits will allow Walmart to keep grocery prices low and invest in other areas to make it more competitive. The company can also use customer insights to pitch itself to advertisers — another growing, high-margin business for Walmart — and inform choices about the products it puts on shelves.
Walmart is expected to give an update on its retail business and other alternative revenue streams, such as the membership program and advertising, on Tuesday and Wednesday at an investor event in Dallas. The company, often seen as a barometer for consumer health in the U.S., could also give commentary on the state of the U.S. economy.

Walmart+ drives e-commerce boom

A shopper browses near the poultry section at a Walmart in Rosemead, California on December 19, 2024.
Frederic J. Brown | AFP | Getty Images

Walmart+, which launched almost five years ago, has become a loyalty play and one of the reasons why Walmart has been able to grow profits faster than sales. It offers perks including free shipping, free same-day grocery deliveries for orders of $35 or more, gas discounts and a Paramount+ subscription.
The membership program was Walmart’s answer to Amazon Prime. It’s just another page the retailer has taken from the playbook of Amazon, which surpassed Walmart in revenue for the first time in the fourth quarter.
Later this month, Walmart will look to build on member loyalty by using another tool deployed by Amazon. Starting April 28, it will throw Walmart+ Week, a special event with deeper deals on the program’s existing perks like gas discounts and free sandwiches from Burger King.
Walmart+, which costs $98 annually or $12.95 per month, also explains in part why the discounter’s e-commerce business has boomed. Walmart has posted 11 quarters in a row of double-digit online sales gains in the U.S., with 20% growth in the most recent quarter.

A shopper picks up his package of bacon while shopping for food items at a grocery store on August 14, 2024 in Rosemead, California.
Frederic J. Brown | AFP | Getty Images

Walmart has not disclosed the number of Walmart+ subscribers. Market researcher Consumer Intelligence Research Partners estimates the program had about 25 million members as of the end of January, according to estimates based on quarterly consumer surveys and industry research. That’s more than double its estimate of around 11 million to 11.5 million in the fall of 2022. 
Walmart+ has much less reach than Prime. Amazon’s subscription service, which debuted in 2005, has an estimated 190 million members in the U.S., according to CIRP. Nearly three-quarters of Amazon’s customer base reported having a Prime membership, according to CIRP surveys, compared with 43% of Walmart.com shoppers who reported having a Walmart+ membership.
Walmart+ is still winning over more customers, however. Three years ago, only 23% of Walmart.com shoppers reported having a Walmart+ membership.

Trump’s tariffs loom

Walmart’s investor event this week will coincide with the expected start of steep tariffs on countries across the globe that have become major production hubs for the company and other retailers, including China, Vietnam and Cambodia. The tariffs are expected to start on Wednesday, after 10% tariffs took effect on Saturday.
Walmart gave its forecast for the full year in February, ahead of Trump’s broad tariff expansion. In late February, the discounter said it expects full-year net sales to grow 3% to 4% and adjusted operating income to increase between 3.5% and 5.5% on a constant currency basis. That includes a 1.5 percentage point headwind from acquiring smart TV company Vizio and from having a leap year in 2024. The company said in February that it expects full-year adjusted earnings of $2.50 to $2.60 per share, which includes a 5 cent per share headwind from currency.
Escalating global trade conflicts have raised concerns that a recession may be looming. And consumers weren’t feeling great even before Trump announced the new duties: consumer sentiment dropped in March to its lowest level since 2022, according to the University of Michigan’s survey.
As retailers brace for the impact of tariffs, Walmart Is “not immune,” but should be better positioned, said Seth Sigman, a retail analyst at Barclays. As the nation’s largest grocer, its business is steadier even if shoppers pull back on other kinds of spending, he said. As a giant company, it has greater ability to nudge suppliers to share higher costs and to absorb some of them. And as a well-known value retailer, it can gain sales if upper- and middle-income shoppers seek lower prices, he said.
Plus, he added, new moneymakers like membership have brought greater profitability and “a stickier customer.”

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Walgreens reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant benefits from cost cuts and prepares to go private. 
The company withdrew its fiscal 2025 guidance given the pending transaction.
The results include a $4.2 billion charge related to a loss in value of its U.S. retail pharmacy and investment in primary care clinic chain VillageMD.

Walgreens on Tuesday reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant benefits from cost cuts and prepares to go private.
The company is in the process of being taken private by Sycamore Partners in a roughly $10 billion deal that is expected to close in the fourth quarter of this year. Walgreens withdrew its fiscal 2025 guidance given the pending transaction. In January, it said it expects a full-year adjusted profit of $1.40 to $1.80 per share. 

The historic deal with Sycamore ends Walgreens’ tumultuous run as a public company, which began in 1927. The company is shuttering stores and cutting other costs as it gets squeezed by pharmacy reimbursement headwinds, softer consumer spending, and competition from its main rival CVS, grocery and retail chains, and Amazon. It’s also grappling with a troubled push into health care.
Shares of Walgreens rose nearly 2% in premarket trading on Tuesday.
Here’s what Walgreens reported for the three-month period ended Feb. 28 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

Earnings per share: 63 cents adjusted vs. 53 cents expected
Revenue: $38.59 billion vs. $38 billion expected

“Second quarter results reflect disciplined cost management and improvement in U.S. Healthcare, which were partially offset by weaker front-end results in U.S. Retail Pharmacy, while significant legal settlements resulted in continued negative free cash flow,” Walgreens CEO Tim Wentworth said in a release.
“We remain in the early stages of our turnaround plan, and continue to expect that meaningful value creation will take time, enhanced focus and balancing future cash needs with necessary investments to navigate a changing pharmacy and retail landscape,” he added.

During the fiscal second quarter, Walgreens booked sales of $38.59 billion, up 4.1% from the same period a year ago, as sales grew in its U.S. retail pharmacy business and international segments. 
The company reported a net loss of $2.85 billion, or $3.30 per share, for the fiscal second quarter. It compares with a net loss of $5.91 billion, or $6.85 per share, in the year-earlier period.
Excluding certain items, adjusted earnings were 63 cents per share for the quarter.
The results include a $4.2 billion charge related to a loss in value of its U.S. retail pharmacy and investment in primary-care clinic chain VillageMD.
But Walgreens made $1 billion in profit by cashing out early on some of its shares of Cencora, a pharmaceutical solutions organization, and benefiting from gains from its investment in BrightSpring, a provider of comprehensive home and community-based health services. Those are two of Walgreens’ top health-care investments. 
The company’s operating cash flow in the second quarter was hit by $969 million in legal payments for opioid-related settlements and a dispute with virtual-care company Everly Health Solutions, which alleged that Walgreens broke the terms of a business contract during the Covid-19 pandemic.

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Warner Bros.’ and Legendary Entertainment’s “A Minecraft Movie” snapped up $163 million at the domestic box office during its debut.
The movie set a record for the highest-opening video game adaption, surpassing Universal’s “The Super Mario Bros. Movie.”
The film also gave a much needed jolt to the domestic box office, which was down 12% during the first three months of the year.

Jack Black, Jason Momoa, and Sebastian Hansen as seen in Warner Bros. and Legendary Entertainment’s “A Minecraft Movie.”
Warner Bros.

Warner Bros.’ struck gold over the weekend.
“A Minecraft Movie,” the studio’s co-production with Legendary Entertainment, snapped up $163 million at the domestic box office during its debut.

The movie not only set a record for the highest-opening video game adaption, surpassing Universal’s “The Super Mario Bros. Movie,” but it also gave a much needed jolt to the domestic box office.
“Generations Z and Alpha came to the rescue of an historically weak first quarter at the box office,” said Shawn Robbins, director of analytics at Fandango and founder of Box Office Theory. “The film is another bellwether highlighting where studios and theaters can meet today’s young and family moviegoing audience looking for fresh, familiar, and accessible blockbuster content.”
“Minecraft” fueled Cinemark’s all-time domestic box office record for a three-day family film opening and tallied $22 million at the global box office for premium screen company IMAX, the largest haul since “Deadpool & Wolverine” opened last July.
“This was a total game changer that took the year-to-date box office deficit from 13% heading into the weekend to just 5% coming out of the weekend,” said Paul Dergarabedian, senior media analyst at Comscore.
Through the first three months of the year, the domestic box office has snared $1.4 billion in ticket sales, about 12% shy of the $1.65 billion collected during the same period last year, according to data from Comscore.

Disney and Marvel’s “Captain America: Brave New World” stands as the highest-grossing title so far in 2025, generating just under $200 million in ticket sales. Meanwhile Universal’s “Dog Man” has tallied $97 million and Disney’s live-action Snow White stands at around $77 million.
The first quarter of the year was propped up by 2024 titles like “Mufasa: The Lion King,” “Sonic the Hedgehog 3” and “Moana 2.”
“The upside surprise from ‘A Minecraft Movie’ provided a great way to kick off the first weekend of 2Q and reclaim a lot of ground that was lost in 1Q,” Eric Wold, analyst at Roth, wrote in a research note to investors Monday.
The strong opening for “Minecraft” bodes well for a second quarter that is packed with blockbuster IP.
“This now sets the stage for a big comeback for theaters which will create momentum, moving forward and with multiple notable films set for April leading up to the beginning of the summer movie,” said Dergarabedian.
Disney and Marvel’s “Thunderbolts*” officially kicks off the summer season and is followed by Paramount’s “Mission Impossible — The Final Reckoning,” Disney’s live-action “Lilo and Stitch,” Universal’s live-action “How to Train Your Dragon,” Universal’s “Jurassic World Rebirth,” Warner Bro.’s “Superman” and Marvel’s “The Fantastic Four: First Steps.”
“On an absolute basis, we believe the quarter has good depth with upward of nine movies capable of surpassing $100 million versus only four movies last year surpassing that level,” Handler wrote.
Disclosure: Comcast is the parent company of NBCUniversal and CNBC. Comcast also owns Fandango. More

General Motors revealed an all-electric Chevrolet Corvette concept car as part of the opening of a new design studio in England.
The automaker said the car, which is a “design study” not intended to be a production model, is part of its “commitment to Europe.”

An angle view of the new Chevrolet Corvette concept car.

DETROIT — General Motors on Monday revealed a new all-electric Chevrolet Corvette concept car as part of the opening of a new design studio in England.
The car features a sleek, aerodynamic exterior that resembles a futuristic IMSA race car more than a traditional Corvette, but it does pay some homage to the American sports car in featuring a split window design from the 1963 Sting Ray model, among other design elements.

GM said the new concept — which is a “design study” not intended to be a production model — and design studio show the Detroit automaker’s continued “commitment to Europe as the company scales its Cadillac electric vehicle business there, while also preparing to launch Corvette sales” across the region.
The Corvette concept and U.K. design center opening come at an inopportune time as the U.S. and the world’s largest automotive markets partake in a trade war with tariffs, including between America and Europe. 

The front view of GM’s new Chevrolet Corvette concept car.

GM is attempting to reenter Europe after selling off its Opel European division to then-PSA Groupe, now part of Stellantis, in 2017.
Automakers routinely use concept vehicles to gauge customer interest, showcase future technologies and signal the direction of a vehicle or brand.
GM said Monday the U.K. concept is part of a global design project involving multiple studios that will see additional Corvette concepts revealed throughout 2025. The carmaker has other design studios in or near Detroit; Los Angeles; Shanghai; and Seoul, South Korea.

The side view of GM’s new Chevrolet Corvette concept car.

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