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General Motors said on Tuesday it will move production of the Cadillac Escalade to a Michigan assembly plant, while adding new capacity for gas-powered Chevrolet Silverado and GMC Sierra light-duty ...
Detroit Free Press on MSN13d
General Motors' Q2 profits drop $1.1B after taking tariff hit
General Motors said July 22 that tariffs could eventually cost the company $5 billion before the end of the year.
General Motors CEO Mary Barra said the automaker was working to bring production back to the U.S. after the company cut its 2025 outlook to account for a $4 billion to $5 billion dent from tariffs.
Net income of $1.89 billion, compared with the prior year’s second quarter of $2.93 billion. Total revenues of $47.1 billion, down 1.8% compared with $47.97 billion in second-quarter 2024.
Earnings Results General Motors takes $1.1 billion tariff hit, dinging profit and sending stock reeling GM’s stock is the worst S&P 500 performer on Tuesday By Steve Gelsi Follow and Claudia Assis ...
General Motors reports a 35% income slide in Q2 2025. Discover how a massive $1.1 billion hit from tariffs is impacting the automaker's profits.
General Motors Company slumped in Tuesday’s premarket session after reporting a sharp drop in adjusted EBIT margins to 6.4% and a whopping $1.1 billion tariff headwind. The auto behemoth ...
General Motors said on Tuesday that its profit in the second quarter fell by more than a third, after President Trump’s tariffs cost the company more than $1 billion. G.M. was the second ...
This move comes after General Motors announced plans last month to invest $4 billion in its domestic plants, an investment that would amount to increasing production by about two million vehicles ...
General Motors Co.'s stock fell more than 7% on Tuesday after the carmaker's better-than-expected quarterly results were no match for worries about continued tariff impacts and demand, along with ...
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