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GM quarterly profit slumps 35%, but it sticks by full year outlook that was lowered in May
The company expects the impact from the Trump administration's tariffs to take a bigger toll in the third quarter.
Japan Trade Deal Sparks Hope for US Investors, Frustration for Automakers
Toyota, Subaru and Mazda are among the most reliant companies on Japan-produced vehicles for their U.S. sales, and stand to ...
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GM Suffers $1.1B Hit Because Of Trump's Tariffs
General Motors had a $1 billion hit over three months due to President Donald Trump's sweeping tariffs that have shaken the ...
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GM Just Lost More Than A Billion Dollars—Here's Why
The Detroit giant reported a $1.1 billion year-over-year drop in quarterly revenue.But while the numbers are grim, GM is ...
Cryptopolitan1d
General Motors commits to EVs after record sales quarter despite ballooning tariff costs
General Motors (GM) had a strong quarter for electric vehicle sales despite experiencing a profit drop due to rising tariff ...
Trump tariffs take $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 ...
GM outlines $4B U.S. capacity expansion and expects Super Cruise revenue to double in 2026 amid tariff mitigation efforts
Management stated guidance remains at EBIT adjusted in the $10 billion to $12.5 billion range, EPS diluted adjusted in the $8.25 to $10 per share range, and adjusted automotive free cash flow in the ...
General Motors takes $1.1 billion tariff hit, dinging profit and sending stock reeling
General Motors Co.'s stock fell more than 7% on Tuesday after the carmaker's better-than-expected quarterly results were no match for worries about continued tariff impacts and demand, along with $1.1 ...