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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.
Wall Street ticks up to another record as GM and others show how tariffs are impacting them
General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.
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 duties to explain smaller profits.
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 on imports 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 Stock Falls After $1.1 Billion Hit From Tariffs
GM reports a second-quarter operating profit of $3 billion and earnings per share of $2.53 from sales of $47.1 billion.
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 hit from tariffs last quarter.
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