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GM: Tariffs Cost Automaker $1.1 Billion Last Quarter

The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.

GM profit hurt by over $1B in tariffs — and shares tumble as impact expected to worsen

GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.

GM warns of more tariff impacts as earnings slip

GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.

Tariffs hit U.S. companies hard, but businesses absorb them for now

General Motors said tariffs slashed its second-quarter income by more than $1 billion, and other companies pointed to import ...

Trump tariffs take a $1 billion bite out of GM earnings; shares fall

General Motors' second-quarter earnings took a $1.1 billion hit from tariffs, but the automaker still beat analyst ...

Trump says he's considering rebate checks for Americans based on tariffs

President Trump said he's considering using money generated by U.S. tariffs to offer a "little rebate" to Americans.

Car makers are feeling tariff pain: GM is the 2nd company to take a hit to profits

The American automaker reported that tariffs cost them $1.1 billion and reduced the company's profit margin from 9% to 6.1%.

GM reports $1.1B hit from tariffs as automakers deal with price pressures

Automakers are starting to report the impacts of President Trump's tariffs, with GM telling investors it took a $1.1 billion ...