GM reports $1.1 billion tariff impact as automaker works to 'greatly reduce' exposure
Publishing timestamp: 2025-07-22 04:01:01
Summary
General Motors reported second-quarter earnings that beat estimates despite ongoing uncertainty from President Donald Trump's auto tariffs. The company affirmed its full-year guidance, which includes a possible $4 billion to $5 billion impact from auto tariffs. GM is working to reduce its tariff exposure and mitigate cost increases through various initiatives. Despite a decrease in earnings and revenue compared to the previous year, GM is focusing on electric vehicles and profitability. The company's full-year guidance has been adjusted due to tariffs, and it is investing in American plants to counter tariff risks.
Sentiment: MIXED
Tickers: GM,
Keywords: donald j. trump, mary barra, general motors co, dividends, donald trump, autos, business, business news, breaking news: earnings, transportation, earnings, breaking news: business, united states,
Source: https://www.cnbc.com/2025/07/22/general-motors-gm-earnings-q2-2025.html