News

GM: Tariffs Cost Automaker $1.1 Billion Last Quarter
The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.
GM profit hurt by over $1B in tariffs — and shares tumble as impact expected to worsen
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
GM warns of more tariff impacts as earnings slip
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
Wall Street ticks up to another record as GM and others show how tariffs are impacting them
General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.
Tariffs hit U.S. companies hard, but businesses absorb them for now
General Motors said tariffs slashed its second-quarter income by more than $1 billion, and other companies pointed to import ...
Trump’s Tariffs Are Being Picked Up by Corporate America
President Trump’s new levies, which have pushed the country’s tariffs to their highest levels in decades, are typically paid ...
Trump says countries will face tariffs ranging from 15% to 50%
Earlier this month, Trump said that more than 150 countries would receive a letter including a tariff rate of “probably 10 or ...
Car makers are feeling tariff pain: GM is the 2nd company to take a hit to profits
The American automaker reported that tariffs cost them $1.1 billion and reduced the company's profit margin from 9% to 6.1%.