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GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
General Motors said tariffs slashed its second-quarter income by more than $1 billion, and other companies pointed to import ...
The German automaker said it expects challenges due to political uncertainty, expanding trade restrictions and geopolitical ...
The world's second-largest carmaker slashed its 2025 guidance for revenue, margins, and cash citing Q2 headwinds from U.S. import duties totalling roughly $1.4 billion.
GM reports a second-quarter operating profit of $3 billion and earnings per share of $2.53 from sales of $47.1 billion.
The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported losses this week.