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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’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 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 ...
Wall Street ticks up to another record as GM and others show how tariffs are impacting them
Wall Street inched to another record following some mixed profit reports, as General Motors and other big U.S. companies gave ...
GM, Ford Stock Rally Despite Detroit’s Complaints on Japan Trade Deal
The trade deal with Japan is also giving investors hope that there could be similar reductions on tariffs for vehicles ...
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 ...