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G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
The Trump administration imposed a 25 percent tariffs on imported cars this month and has said it will impose a 25 percent duty on imported parts on Saturday. About half the cars that G.M. sells in the United States in a typical year are made abroad, mostly in Canada and Mexico.
The Detroit automaker’s net income slid 6.6% in the first quarter on weaker sales of highly profitable trucks and SUVs.
General Motors (GM) saw solid Q1 earnings, but cuts guidance due to tariffs. Share buybacks and strong cash flow generation ...
General Motors has lowered its 2025 profit forecast, anticipating up to $5 billion in tariff-related costs. The company plans ...
Toyota Motor forecast a 21% profit decline for the current financial year on Thursday, as the strain from US President Donald Trump’s tariffs and an appreciating yen take some of the shine off ...
The automaker faces uncertainties in the upcoming fiscal year as it works to lessen the impact of U.S. tariffs and ...
(The Hill) – American automaker General Motors (GM) said Thursday that President Trump’s tariffs could cut as much as $5 billion from its profits this year. In a letter to investors, GM CEO ...
It was GM’s so-called Golden Era, with its luxury Cadillac brand leading the way as “the standard of the world” — before decades of U.S. market share declines amid increased competition ...
It was GM’s so-called Golden Era, with its luxury Cadillac brand leading the way as “the standard of the world” — before ...
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