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G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
The Trump administration imposed a 25 percent tariffs on imported cars this month and has said it will impose a 25 percent duty on imported parts on Saturday. About half the cars that G.M. sells in the United States in a typical year are made abroad, mostly in Canada and Mexico.
The Detroit automaker’s net income slid 6.6% in the first quarter on weaker sales of highly profitable trucks and SUVs.
General Motors (GM) saw solid Q1 earnings, but cuts guidance due to tariffs. Share buybacks and strong cash flow generation ...
General Motors has lowered its 2025 profit forecast, anticipating up to $5 billion in tariff-related costs. The company plans ...
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GM: Tariffs could cut $5B from profitsAmerican automaker General Motors (GM) said Thursday that President Trump’s tariffs could cut as much as $5 billion from ...
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 ...
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General Motors Report Sunken Profits Amid Trump Tariff ShakeupAs 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 ...
DETROIT, May 1 (Reuters) - General Motors (GM.N), opens new tab cut its 2025 profit forecast on Thursday after receiving some clarity and a reprieve from the White House this week on automotive ...
The automaker faces uncertainties in the upcoming fiscal year as it works to lessen the impact of U.S. tariffs and ...
Toyota Motor forecast a 21% profit decline for the current financial year on Thursday, as the strain from US President Donald Trump’s tariffs and an appreciating yen take some of the shine off ...
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