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General Motors says Trump’s tariffs will cost company up to $5B, lowers 2025 profit projections
DETROIT -- The impact of President Donald Trump’s tariffs could cost General Motors up to $5 billion this year. In a letter issued to shareholders Thursday, the Detroit-based automaker lowered its 2025 profit projections to reflect the anticipated impact of the tariffs.
President Donald Trump is expected to announce that his auto tariffs will not apply to all cars finished in the United States ...
GM cited lower demand and the "evolving trade environment" in its decision to pare down manufacturing at the plant, which builds Chevrolet Silverados.
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The White House is reportedly set to lower tariffs on some foreign-made parts needed to manufacture cars in the U.S. and ...
General Motors is lowering one of its full-year financial forecasts as the company braces for the potential impact of auto ...
Despite President Trump's complaints about trade imbalances, American cars struggle to gain traction in Japan, where domestic ...
GM CFO Paul Jacobson told reporters on a call that the company would not comment on the exact cost incurred from tariffs.
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Trump Tariff Uncertainty Hits U.S. Giants As McDonald’s Sales Slide, General Motors Slashes Profit ForecastMcDonald’s and General Motors have warned that the uncertainty around the tariff policy by the Donald Trump administration is ...
The automaker postponed its full-year guidance until after President Trump announces his revised tariff structure.
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