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Tariffs hit GM’s operating income by $1.1 billion in the second quarter. The company’s net income of $1.9 billion was down ...
President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported ...
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
General Motors told investors on Tuesday that it took a $1.1 billion hit from tariffs last quarter. Stellantis, which makes ...
GM surprised analysts with Q2 2025 earnings, but a $1.1 billion tariff hit caused net income to plummet 35% year-over-year.
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
In light of these headwinds, Morgan Stanley analyst Adam Jonas asked GM boss Mary Barra how GM can expect to build and sell its EVs profitably, without the company following Tesla with massive AI and ...
General Motors and Stellantis, two pillars of the U.S. automotive industry, are grappling with escalating costs and shrinking ...
Expenses related to its 6.2-liter V-8 and higher claims due to software issues from EVs that launched over the past few years increased by $300M.
General Motors had a $1 billion hit over three months due to President Donald Trump's sweeping tariffs that have shaken the ...
Trade deals with South Korea, Mexico and Canada will be important for the automaker’s future, the executive said Tuesday.