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At the start of Q2 earnings season, investors looked for tariff-related impacts on profits. Major U.S. financial firms ...
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
General Motors has reported a sharp drop in profits as it took a $1.1bn hit in Q2 due to the impact of trade tariffs. It said ...
Automaker says second-quarter results took an $800-million hit from levies and shares fell about 4% in aftermarket trading ...
Carmakers have so far avoided passing on much of the cost of tariffs to consumers. They built as many cars as they could ...
The Dearborn automaker now expects the import taxes will affect adjusted operating profit by $2 billion this year.
General Motors’ Q2 profit fell 32% to $3bn due to a $1.1bn tariff hit from Trump’s trade policies, with the carmaker warning ...
Trade deals with South Korea, Mexico and Canada will be important for the automaker’s future, the executive said Tuesday.
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
The Trump tariff on automakers is 25% for imported vehicles, which is costing some companies a lot of money. The post General ...
General Motors beats earnings expectations despite $1.1 billion tariff impact, maintaining guidance while implementing strategic manufacturing changes.