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: autos, breaking news: markets, business news, donald trump, general motors co, paul jacobson, transportation, markets, donald j. trump, breaking news: business, business,
Source: https://www.cnbc.com/2025/05/01/gm-2025-guidance-tariffs.html