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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.
The impacts will be felt more broadly in many industries, and the question is when the choice becomes to preserve profits by ...
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
Expenses related to its 6.2-liter V-8 and higher claims due to software issues from EVs that launched over the past 5 years increased by $300M.
GM surprised analysts with Q2 2025 earnings, but a $1.1 billion tariff hit caused net income to plummet 35% year-over-year.
General Motors had a more than $1 billion chunk taken out of its profits due to tariff costs, the company reported on Tuesday ...