US Edition
General Motors' Q2 profits drop $1.1B after taking tariff hit
UNITED STATES, JUL 22 – General Motors absorbed $1.1 billion in tariff costs in Q2, expects $4 billion to $5 billion impact in 2025, and continues investing $4 billion in U.S. factories to reduce tariff exposure.
- General Motors' second-quarter profits fell by $1.1 billion due to the impact of tariffs.
- The company reported a 32% drop in its core profit to $3 billion, despite beating Wall Street estimates.
- GM plans to mitigate at least 30% of its expected cost increases from tariffs through various measures.
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General Motors Q2 Revenue Down 1.8% @themotleyfool #stocks $GM
·Alexandria, United States
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The automotive giant General Motors has experienced a considerable drop in its earnings in the second quarter of this year. According to the original report, the company's main profit fell by 32%, to $3 billion.This reflects the company's ongoing struggles due to complicated tariff policies.A blow to income and to the EPSEn the same quarter that ended on June 30, General Motors' revenues also suffered a decline of close to 2%, reaching approxima…
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Total News Sources148
Leaning Left25Leaning Right18Center45Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 28%
C 51%
R 20%
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