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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.
President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
The S&P 500 eked out a record-high close on Tuesday, following steep losses in General Motors and a gain in Tesla as ...
9mon MSN
GM reported a $1.1 billion hit from President Trump’s tariffs this quarter. CEO Mary Barra says automation focus is on factory efficiency, not AI cars. Piper Sandler said GM needs strategic changes to ...
The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.
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.
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MotorTrend on MSNHow Is GM Doing With Tariffs, EV Uncertainty? The Going's Tough, But It Has a PlanTariffs took a bite out of GM’s second-quarter earnings, but the automaker is executing a plan that includes building more ...
At the president's behest, GM and other carmakers have not passed the costs of the tariffs along to the customer. But GM is ...
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