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Stellantis expects $2.7 billion first half loss as restructuring costs, US tariffs bite

Stellantis · Netherlands

Stellantis expects $2.7 billion first half loss as restructuring costs, US tariffs bite

43% Center coverage: 105 sources

GM’s Latest Tariff Hit: $1.1 Billion

Donald Trump · United States

GM’s Latest Tariff Hit: $1.1 Billion

40% Center coverage: 63 sources

By Chris Isidore, CNN (CNN) — Tariffs on imported cars and auto parts cost General Motors $1.1 billion in the second quarter, the nation’s largest automaker said Tuesday. That hit to its bottom line was largely responsible for a 21% drop in net income for the period. The company said it expects tariffs to cost it between $4 billion to $5 billion by year’s end. The auto industry has been greatly disrupted by President Donald Trump’s tariffs – mor…See the Story

Auto giant Volkswagen cuts guidance as U.S. tariffs hit profit hard

Volkswagen · Germany

Auto giant Volkswagen cuts guidance as U.S. tariffs hit profit hard

50% Center coverage: 60 sources

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