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GM profit falls as Trump tariffs add $1.1 billion in costs
The Detroit-based automaker said Tuesday it earned $2.53 per share on an adjusted basis, above the Bloomberg consensus forecast of $2.33 but short of the $3.06 it made a year ago. GM’s profits also suffered from higher warranty costs and a buildup in inventory of electric vehicles.
The largest U.S. automaker by sales said it expects the tariff impact to worsen in the third quarter after reporting a US$1.1 ...
1don MSN
President Donald Trump just signed what he calls the 'largest trade deal in history.' But America's carmakers hate it.
The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.
General Motors' second-quarter earnings took a $1.1-billion hit from tariffs, but the automaker still beat analyst ...
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
General Motors’ second-quarter core profit fell 32 per cent to US$3 billion on Tuesday, as the automaker continued to ...
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