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Tariffs hit GM’s operating income by $1.1 billion in the second quarter. The company’s net income of $1.9 billion was down ...
General Motors told investors on Tuesday that it took a $1.1 billion hit from tariffs last quarter. Stellantis, which makes ...
Tariffs on imported cars and auto parts cost General Motors $1.1 billion in the second quarter, the nation’s largest ...
President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported ...
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.
Expenses related to its 6.2-liter V-8 and higher claims due to software issues from EVs that launched over the past few years increased by $300M.
About 44% of OEM collision parts sold in the U.S., including those for GM vehicles, are manufactured overseas, making them ...
General Motors is the latest U.S. auto giant to say tariffs have taken a chunk from their earnings. The company beat earnings ...
General Motors' second-quarter earnings took a $1.1-billion hit from tariffs, but the automaker still beat analyst ...
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