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President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
Tariffs on imported cars and auto parts cost General Motors $1.1 billion in the second quarter, the nation’s largest ...
The S&P 500 eked out a record-high close on Tuesday, following steep losses in General Motors and a gain in Tesla as ...
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.
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
GM surprised analysts with Q2 2025 earnings, but a $1.1 billion tariff hit caused net income to plummet 35% year-over-year.
Tariffs took a bite out of GM’s second-quarter earnings, but the automaker is executing a plan that includes building more ...
At the president's behest, GM and other carmakers have not passed the costs of the tariffs along to the customer. But GM is ...