Ford Motor Company plans to expand U.S. production of Lincoln vehicles beginning in 2030 and eventually stop importing vehicles from China for the luxury brand’s American customers.

The Dearborn, Michigan-based automaker said Wednesday that the expansion is expected to generate thousands of direct and indirect U.S. jobs. Ford did not disclose how much it plans to invest or identify the plants that would receive the additional production.

The move would mark a shift for Lincoln’s U.S. lineup, which currently includes the China-built Nautilus.

The redesigned Nautilus is assembled at the Changan Ford plant in Hangzhou, China, and exported to the U.S. The previous generation was produced at Ford’s Oakville Assembly Plant in Ontario, Canada.

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Ford did not specifically say whether production of the Nautilus would move to the U.S. under the 2030 plan or identify which China-imported vehicles would be affected.

The announcement comes as Ford and the broader auto industry continue to navigate higher costs and uncertainty tied to tariffs and changing global trade policies.

Ford reported approximately $3 billion in gross costs related to tariffs implemented or revised in 2025, with an approximately $2 billion impact on earnings before interest and taxes after offsets, according to the company’s latest annual report.

Ford did not say whether tariffs or other trade considerations played a role in its decision to phase out Lincoln imports from China.

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Lincoln already produces multiple vehicles in the U.S. For instance, the Navigator is assembled at Ford’s Kentucky Truck Plant in Louisville, while the Aviator is produced at the Chicago Assembly Plant. Both vehicles are also exported to markets including Canada, Mexico and the Middle East.

The additional production would expand Ford’s already sizable U.S. manufacturing footprint. The company said it assembled more than 2 million vehicles in the U.S. in 2025, more than any other automaker, and led the industry in U.S. vehicle exports and hourly autoworker employment.

Ford employs approximately 56,300 hourly manufacturing workers in the U.S., according to the company.

Ticker	Security	Last	Change	Change %
F	FORD MOTOR CO.	13.83	-0.15	-1.07%

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Several details of the 2030 expansion remain unclear, including which models will be produced domestically, where that production will be located and how much Ford plans to invest.

Mumbai The Indian rupee closed modestly higher on Wednesday, caught between the negative bias from higher crude oil prices and dollar sales by the Reserve Bank of India that helped counter the pressure.The currency closed at 95.33, 10 paise stronger from its previous close of 95.43. Dollar sales by state run banks, likely on behalf of the RBI, kept the rupee in a narrow range of95.25-95.44 , traders said. The rupee is expected to trade on a stronger footing on Thursday, between 95.00 and 95.50 as a cease fire deal was extended to August 17, which cooled Brent futures to around $85 per barrel.

NEW YORK — Shares of GameStop Corp. fell 1.86% to $18.47 in morning trading on Wednesday as investors digested reports that Chief Executive Ryan Cohen is considering withdrawing the company’s $56 billion takeover proposal for eBay Inc. in favor of a partnership or joint venture.

The stock traded lower after opening near recent levels, reflecting continued caution following a sharp drop earlier this month tied to a major debt-for-equity swap and ongoing uncertainty around the retailer’s ambitious acquisition strategy. GameStop, the specialty retailer of video games, collectibles and electronics, has seen its shares decline roughly 28% since it first floated the eBay bid in May.

According to people familiar with the matter reported by Bloomberg, Cohen is exploring an alternative structure that would let eBay use GameStop’s roughly 1,600 U.S. retail locations to expand its physical presence in high-margin categories such as trading cards and collectibles. GameStop, already one of eBay’s largest shareholders with a stake that has grown to about 9.75%, would seek board representation as part of any such arrangement. No final decision has been made, and other options remain under consideration.

The original non-binding proposal, valued at $125 per share in a mix of cash and GameStop stock, was rejected by eBay’s board, which described the offer as “neither credible nor attractive.” GameStop has continued to build its position in eBay through share purchases and options, making it the second-largest holder behind Vanguard Group funds.

The potential shift comes after GameStop announced on August 3 that it had agreed to privately exchange approximately $1.4 billion aggregate principal amount of its outstanding 0.00% convertible senior notes due 2030 and 2032 for shares of its Class A common stock. The exchange, expected to close around September 23 subject to customary conditions, retires the debt without using cash and is expected to leave roughly $1.1 billion of the 2030 notes and $1.7 billion of the 2032 notes outstanding. Shares fell more than 12% on the day of the announcement amid dilution concerns and volume that exceeded 41 million shares.

GameStop has reported improving operational results even as the eBay pursuit has dominated headlines. In its first quarter of fiscal 2026, ended May 2, the company posted net sales of $835.3 million, up 14% from $732.4 million a year earlier. Collectibles revenue jumped 65% to $348.9 million and accounted for nearly 42% of total sales, offsetting declines in software and hardware. Net income reached a company-record $389.6 million, compared with $44.8 million in the year-ago period, aided by operating improvements, lower selling, general and administrative expenses, and significant non-operating gains including unrealized gains on eBay-related options and interest income. Adjusted net income was $179.3 million.

Management has guided for adjusted EBITDA in excess of $600 million for the full fiscal year, nearly double the $345.4 million reported in fiscal 2025. The board also authorized a new $2 billion share repurchase program running through June 2029. GameStop ended the quarter with a substantial liquidity position that included billions in cash, marketable securities and related assets.

At its July annual meeting, stockholders approved an amendment increasing the number of authorized Class A common shares to 2.5 billion, providing additional flexibility for potential transactions or equity issuances. The company has also expanded its delivery options through a partnership with Uber Eats, allowing customers to receive video games, collectibles and electronics on demand.

Cohen, who has steered GameStop through aggressive cost-cutting and a pivot toward higher-margin collectibles since taking a larger leadership role, withdrew a proposed long-term performance award earlier this summer. The package, which could have been worth more than $35 billion upon hitting ambitious market-capitalization and profitability targets, was removed at his request so leadership could focus fully on operating performance and the eBay initiative. GameStop said at the time that Cohen wanted attention centered on those priorities.

The retailer continues to operate a reduced but still substantial store base that management views as a core logistics and fulfillment asset rather than a pure retail liability. International operations have been streamlined, including the earlier exit from Canada, while domestic stores remain central to the strategy.

Market reaction has been mixed. Some investors point to the improved profitability, cash position and collectibles momentum as evidence of a more sustainable business. Others remain focused on valuation, the potential dilution from the note exchange, and the gap between GameStop’s market capitalization of roughly $8.4 billion and the scale of the eBay proposal. Shares have traded in a 52-week range of approximately $18.55 to $28.10.

GameStop’s next scheduled earnings report is expected in early September for the second quarter. Until then, attention is likely to remain on any further clarity regarding the eBay relationship and the impact of the convertible-note exchange once the share-issuance details are finalized based on a volume-weighted average price reference period that began in early August.

The company has not issued an immediate public comment on the latest partnership discussions. As of the latest available filings and statements, GameStop maintains that its priority remains strengthening its core operations while evaluating strategic opportunities that could leverage its retail footprint and customer base in the growing collectibles and entertainment categories.

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However, critics argue that at each of these businesses only a tiny proportion of staff are actually using the AI, and that those who do so are only using it to a very limited extent.

Prof Yasushi Ogasawara, an expert on Japan’s social system and technology at Meiji University, says there aren’t enough tech-savvy people in the workforce.

“Although the Japanese like playing with gadgets such as smartphones, digital literacy is low here,” he says.

This is highlighted by one report earlier this year which said Japan faced a shortfall , externalof almost 800,000 IT professionals by 2030.

Many companies are also said to struggle with out-of-date computer systems, with around 60% more than 20-years-old.

Moreover, Ogasawara adds that Japanese companies are under more pressure to avoid fuelling unemployment than they are to develop AI which could result in job losses.

“The government is talking about AI, re-skilling, digital skills, but in reality, it is difficult to adapt human resources to digital skills because the top priority is to maintain full employment,” he says.

But there is a shift in recruitment, with some companies now prioritising “AI literacy” in their new graduate hiring.

In the private sector, larger firms such as Kanematsu, a major general trading company, are hiring savvy graduates such as Uta Yamaguchi who joined in April.

“I use AI quite often at work,” she says. “Many of my colleagues use it a lot. For writing emails for my boss, summarising complicated documents, meeting recording and summarising.”

But, by contrast with the US, she says AI systems that can autonomously handle multi-step work are still virtually unheard of in Japan.

However, her employer, known for its forward thinking, now has them onboard.

Ogasawara says that “change in Japan is limited”. He adds: “Japanese society expects painless reform, so I think it can be said that drastic reform is difficult, to say the least.”

Disruption may be a dirty word in Japan, but without it the productivity gains the country needs could remain elusive.