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In response to these challenges, GM is taking proactive steps to mitigate the impact of tariffs. The company has announced a $4 billion investment in U.S. manufacturing plants, aiming to increase ...
Despite the tariff impact, GM's underlying business remains robust. Sales in the U.S. market, GM's primary profit center, increased by 7% from April to June compared to the same period in 2024.
Detroit’s three automakers are set to gain some relief from tariffs and regulations, but challenges remain, according to Wells Fargo.
GM builds a Silicon Valley AI team with top tech talent to boost manufacturing, vehicles, and motorsports efficiency.
But even with these mitigations taken into account, Jacobson said that the tariffs will ultimately lower GM’s projected annual earnings before income tax to between $10–$12.5 billion, down ...
As tariffs continue to be a wild card, here's a closer look at what brought automobiles to an average skirting $50,000.
Production of the latest Bolt model is scheduled to commence at the Fairfax Assembly Plant in Kansas towards the end of this year.
President Trump's on-again, off-again tariffs have created roller-coaster volatility for markets, but experts believe these ...
GM (GM) absorbed a $1.1 billion tariff hit in Q2 yet still topped profit estimates, lifted by robust pricing and demand for its core gasoline trucks and SUVs. Revenue slipped nearly 2% to about ...
Another big challenge for GM is a possible economic slowdown or even a recession. According to CNBC, more than 60% of U.S. CEOs expect a recession in the next 6 months.
GM recently became the number two seller of EVs in the world, surpassing Ford, and closing the gap with Tesla amid that company’s spectacular fall from grace. Chevrolet became the fastest-growing US ...
Trade Wars: Tesla Vs. GM In Tariff Showdown Nov. 07, 2024 5:00 AM ET General Motors Company (GM) Stock, TSLA Stock GM, TSLA 77 Comments 1 Like Steven Cress, Quant Team SA Quant Strategist Follow ...