HomeAbout

TL;DR CNBC


GM lowers 2025 guidance, citing up to $5 billion in tariff exposure - TL;DR CNBC

GM lowers 2025 guidance, citing up to $5 billion in tariff exposure

Publishing timestamp: 2025-05-01 11:25:21


Summary

GM lowered its 2025 earnings guidance due to potential impact of President Trump's auto tariffs, but still beat Wall Street's expectations in the first quarter. The company is working to offset increased costs from tariffs and believes it can mitigate at least 30% of expected cost increases through self-help initiatives.


Sentiment: MIXED

Tickers: GM

Keywords: autosbreaking news: marketsbusiness newsdonald trumpgeneral motors copaul jacobsontransportationmarketsdonald j. trumpbreaking news: businessbusiness

Source: https://www.cnbc.com/2025/05/01/gm-2025-guidance-tariffs.html


Developed by Leo Phan