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President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
General Motors told investors on Tuesday that it took a $1.1 billion hit from tariffs last quarter. Stellantis, which makes ...
General Motors' second-quarter earnings took a $1.1-billion hit from tariffs, but the automaker still beat analyst ...
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
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 ...
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
GM surprised analysts with Q2 2025 earnings, but a $1.1 billion tariff hit caused net income to plummet 35% year-over-year.
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 and Stellantis, two pillars of the U.S. automotive industry, are grappling with escalating costs and shrinking ...
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Cyprus Mail on MSNTariffs slash GM profits, but strong truck and SUV sales cushion the blow
General Motors’ (GM.N) second-quarter earnings took a $1.1 billion hit from tariffs, but the automaker still beat analyst expectations for the period, supported by strong sales of its core gasoline ...
Trade deals with South Korea, Mexico and Canada will be important for the automaker’s future, the executive said Tuesday.
President Trump has announced new tariffs that include a 25-percent tax on goods imported from Japan and South Korea, separate from sector-specific tariffs.
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