The Detroit automaker’s net income slid 6.6% in the first quarter on weaker sales of highly profitable trucks and SUVs.

America’s largest automaker, General Motors (GM) says tariffs on imported cars imposed by the Trump administration will this year cost the company between $4 billion and $5 billion. CEO Mary Barra told CNN in an interview that the company has downsized its earnings guidance as the tariffs will eat into its profitability.

General Motors cut its 2025 profit forecast on Thursday after receiving some clarity and a reprieve from the White House this week on automotive tariffs.

General Motors (GM) saw solid Q1 earnings, but cuts guidance due to tariffs. Share buybacks and strong cash flow generation potential provide optimism. See more.

General Motors has lowered its 2025 profit forecast, anticipating up to $5 billion in tariff-related costs. The company plans to offset the impact by boosting U.S. production and tightening spending.

The automaker suspends its 2025 forecast, citing uncertainty related to tariffs. General Motors recorded a 6.6-percent drop in net profit in the first quarter of 2025. The auto giant also ...

As far as the numbers, GM reported a 6.6% decline in its first quarter net ... Specifically in North America, its pretax profit decreased by 14% to $3.3 billion, even though Trump’s tariffs ...