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GM Profit Shrinks

The Baltimore Sun · 4h

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 Chrysler, Dodge and Jeep vehicles, told investors on Monday that it felt

The Wall Street Journal on MSN · 16h

GM Profit Shrinks After $1.1 Billion Tariff Hit

General Motors’ net income shrank 35% in the second quarter despite strong sales gains.

GM profits take $1.1 billion hit in wake of Trump tariffs

General Motors' latest earnings report showed that President Trump's new tariffs on imported cars may have impacted the company's profits. Laila Maidan, a reporter for MarketWatch, joins with more details.

Trump, tariff

Reuters on MSN · 1d

Trump tariffs take $1-billion bite out of GM earnings, shares fall

General Motors' second-quarter earnings took a $1.1-billion hit from tariffs, but the automaker still beat analyst expectations for the period on Tuesday, supported by strong sales of its core gasoline trucks and SUVs.

MarketWatch · 1d

Here’s who is bearing the cost of Trump’s tariffs so far this year

Analysts at Citi and at Deutsche Bank have looked into who is paying for the tariffs imposed by the Trump administration this year.

Trump tariff deadline set for Aug.1. What we know

President Donald Trump set a tariff deadline for Aug. 1. The tariffs would impact multiple countries including Mexico and Canada. Taxes levied on goods imported to the U.S. are projected to raise the prices on consumer products like clothes and cars.

Money Morning5h

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.

1d

Tariffs Poke Their Heads Up With $1.1 Billion Profit Impact For GM

The impacts will be felt more broadly in many industries, and the question is when the choice becomes to preserve profits by ...

1don MSN

GM Stock Falls After $1.1 Billion Hit From Tariffs

GM reports a second-quarter operating profit of $3 billion and earnings per share of $2.53 from sales of $47.1 billion.

GM CFO looks to strategic pricing, costs to blunt $1.1B tariff impact

Trade deals with South Korea, Mexico and Canada will be important for the automaker’s future, the executive said Tuesday.

23hon MSN

S&P 500 notches record-high close; GM slumps as tariffs bite

The S&P 500 eked out a record-high close on Tuesday, following steep losses in General Motors and a gain in Tesla as ...

18h

Wall Street ticks up to another record as GM and others show how tariffs are impacting them

General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.

1don MSN

GM’s $1.1 billion tariff hit bolsters mounting evidence that Americans are the ones footing the bill for Trump’s import taxes

General Motors had a more than $1 billion chunk taken out of its profits due to tariff costs, the company reported on Tuesday ...

5h

Tariffs hit U.S. companies hard, but businesses absorb them for now

Automakers might increase prices moving forward, according to a report from the intelligence firm AlixPartners.

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