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Auto industry feeling impact of President Trump's tariffs, with GM & Stellantis reporting profit losses
There is a growing level of economic uncertainty surrounding the North American Auto Industry, especially the Big Three.
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 ...
Money Morning1d
GM and Stellantis Lose Billions as Tariffs Reshape U.S. Auto Industry
President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
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Stellantis takes big tariffs hit
Stellantis says its sales in the quarter ended 30 June were hit by lower shipments in North America caused by the impact of ...
GM latest automaker to see tariff effects, says it took $1.1B hit last quarter
General Motors told investors on Tuesday that it took a $1.1 billion hit from tariffs last quarter. Stellantis, which makes ...
Trump Tariffs Take $1 Billion Bite Out Of GM Earnings; Shares Fall
General Motors said it expects the tariff impact to worsen in the third quarter, with a $4 to $5 billion hit to its bottom ...