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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: 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 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.
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 ...
US automakers say Trump's 15% tariff deal with Japan puts them at a disadvantage
U.S. automakers worry that President Donald Trump’s agreement to tariff Japanese vehicles at 15% would put them at a ...
Trump Commerce Secretary Lutnick says U.S. auto CEOs are ‘cool with' higher tariffs than Japan
The head of the American Automotive Policy Council, which represents General Motors, Ford and Stellantis, raised concerns ...
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%.
GM reports $1.1B hit from tariffs as automakers deal with price pressures
Automakers are starting to report the impacts of President Trump's tariffs, with GM telling investors it took a $1.1 billion ...