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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.
Wall Street ticks up to another record as GM and others show how tariffs are impacting them
General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.
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 ...
Trump tariffs take a $1 billion bite out of GM earnings; shares fall
General Motors' second-quarter earnings took a $1.1 billion hit from tariffs, but the automaker still beat analyst ...
Trump says he's considering rebate checks for Americans based on tariffs
President Trump said he's considering using money generated by U.S. tariffs to offer a "little rebate" to Americans.
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%.