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General Motors said it expects the tariff impact to worsen in the third quarter, with a $4 to $5 billion hit to its bottom ...
WINDSOR – After seeing the plunge in profits being reported by Detroit Three automakers this week, an auto sector observer ...
Results: Automaker's net profit dropped 35%, revenue declined to $47.12 billion from $47.97 billion, but still topped Wall Street’s estimate of $45.84 billion.
Analysts said GM may need to cut investment in future projects or find other ways to trim spending to offset the effect of tariffs.
Despite the substantial impact, the automaker managed to surpass Wall Street’s expectations, thanks to continued strong ...
GM announced its plans to end production of combustion engine vehicles by 2035, as part of its strategy to achieve carbon ...
The largest U.S. automaker by sales said it expects the tariff impact to worsen in the third quarter after reporting a US$1.1 ...
GM’s stock dropped more than 7% after carmaker reported$1.1 billion in tariff costs in the second quarter, despite mitigation ...
GM beats Q2 earnings estimates but warns of steeper Q3 tariff hit; shares fall 3.5% as tariff costs reach $1.1 billion.