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General Motors told investors on Tuesday that it took a $1.1 billion hit from tariffs last quarter. Stellantis, which makes ...
President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
GM surprised analysts with Q2 2025 earnings, but a $1.1 billion tariff hit caused net income to plummet 35% year-over-year.
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.
General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
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.
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How Is GM Doing With Tariffs, EV Uncertainty? The Going's Tough, But It Has a Plan
Tariffs took a bite out of GM’s second-quarter earnings, but the automaker is executing a plan that includes building more ...
The tariffs weighed on GM's bottom line in its most important market, North America. North American pre-tax profit dropped 46 ...
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