General Motors

General Motors will temporarily shut down two more plants as automakers continue to struggle with major supply chain disruptions, particularly in computer chips.

The ventilators will be delivered to the national stockpile by August. The contract, worth nearly $500 million, is the first ventilator order placed using the Defense Production Act.

About 7,000 white-collar jobs are being eliminated as part of Ford's massive organizational restructuring. The automaker says it will save $600 million per year as a result.

Angered by General Motors' decision to idle plants and lay off thousands of workers, the Trump administration threatened to retaliate by withholding federal subsidies for the company's cars.