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GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
Despite major tariff costs, GM won’t raise car prices—choosing to absorb the hit and focus on long-term solutions instead.
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
GM took a $1.1 billion hit from tariffs last quarter, revealing the strain of shifting trade policies and the company’s ...
Trade deals with South Korea, Mexico and Canada will be important for the automaker’s future, the executive said Tuesday.
The American automaker reported that tariffs cost them $1.1 billion and reduced the company's profit margin from 9% to 6.1%.
General Motors (GM) said Tuesday that President Trump’s tariffs cost the company $1.1 billion in the second quarter, ...
General Motors' profit and revenue declined in its second-quarter but the automaker's results managed to easily top Wall ...
General Motors' Q2 earnings faced a $1.1 billion impact due to tariffs yet surpassed analyst expectations. Increased sales of ...
President Donald Trump imposed 25% tariffs on imported vehicles and 25% tariffs on many auto parts imported into the U.S. earlier this year. GM said May 1 that tariff expenses are likely to eat up ...