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GM’s $1.1 billion tariff hit bolsters mounting evidence that Americans are the ones footing the bill for Trump’s import taxes
General Motors had a more than $1 billion chunk taken out of its profits due to tariff costs, the company reported on Tuesday ...
Morgan Stanley Bluntly Asks GM CEO: How Does It Plan To Profit From EVs When Tesla Struggles?
GM reported a $1.1 billion hit from President Trump’s tariffs this quarter. CEO Mary Barra says automation focus is on factory efficiency, not AI cars. Piper Sandler said GM needs strategic changes to ...
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 Commerce Secretary Lutnick says U.S. auto CEOs are ‘cool with' higher tariffs than Japan
The head of the American Automotive Policy Council, which represents General Motors, Ford and Stellantis, raised concerns ...
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GM, Ford, and Stellantis Challenge Trump's 15% Tariff on Japanese Auto Industry
The recent trade agreement between the Trump administration and Japan, imposing a 15% tariff on most Japanese imports, has ...