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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 ...
General Motors told investors on Tuesday that it took a $1.1 billion hit from tariffs last quarter. Stellantis, which makes ...
Trade deals with South Korea, Mexico and Canada will be important for the automaker’s future, the executive said Tuesday.
General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall ...
General Motors Co. GM-N says U.S. tariffs cost it US$1.1-billion in the second quarter, reducing profit by 35 per cent, and ...
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, ...
The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.
GM is anticipating that the total impact of the tariffs in 2025 will be approximately $4 billion to $5 billion ...