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Morgan Stanley Bluntly Asks GM CEO: How Does It Plan To Profit From EVs When Tesla Struggles?
GM reported a $1.1 billion hit from President Trump’s tariffs this quarter. CEO Mary Barra says automation focus is on factory efficiency, not AI cars. Piper Sandler said GM needs strategic changes to ...
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 ...
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 ...
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Trump tariffs cost GM $1.1B in Q2, company eyes supply chain overhaul
Despite the setback, GM’s leadership remains optimistic, forecasting continued growth, particularly in the electric vehicle ...
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GM, Ford, and Stellantis Challenge Trump's 15% Tariff on Japanese Auto Industry
The recent trade agreement between the Trump administration and Japan, imposing a 15% tariff on most Japanese imports, has ...
GM reports massive profit loss due to Trump's destructive tariff war
The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported losses this week.