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Money Morning6h
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.
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.
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 raising prices.
CFO Dive46m
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.
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.
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. GM, as well as other automakers like Stellantis, have contributed to evidence indicating American companies and consumers—not exporters—are the ones paying for tariffs.
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.
Trump Just Hammered US Cars With Tariffs - Toyota Says Thanks
Toyota's stock surged 8% after the Trump administration's new tariff policy was announced, putting American automakers like Ford, GM, and Tesla at a disadvantage. This could backfire on the America First policy and investors should take note.
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