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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.
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 ...
GM reports a second-quarter operating profit of $3 billion and earnings per share of $2.53 from sales of $47.1 billion.
Tariffs on imported cars and auto parts cost General Motors $1.1 billion in the second quarter, the nation’s largest ...
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported ...