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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.
GM CEO Mary Barra has discussed the automaker's strategy in light of new tariffs implemented by President Trump, stating that ...
General Motors Chief Executive Mary Barra said the automaker was working on bringing more production back to the U.S., but wouldn't commit to moving plants back from Mexico. "Right now, we're going to ...
General Motors is lowering one of its full-year financial forecasts as the company braces for the potential impact of auto ...
General Motors faces billions of dollars in new tariff-related hits to earnings but still plans to hold vehicle prices steady, CEO Mary Barra told FOX Business on Thursday, citing the ...
But then there's the predicted impact from Trump's tariffs on foreign-made cars and auto parts, which Barra said will hit ...
General Motors cut its 2025 profit forecast on Thursday after receiving some clarity and a reprieve from the White House this ...
The Trump administration’s tariffs on imported cars and auto parts will cost General Motors between $4 billion and $5 billion this year. But in an interview on CNN, CEO Mary Barra said the ...
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