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GM revised those figures on May 1 to account for a projected $5 billion tariff-related hit on profits. Still, GM does not expect to raise prices based on the current projections of tariff impacts.
In an interview, GM CEO Mary Barra talks about EVs in the age of Trump, tariffs, Cadillac’s racing future, and how inclusion still matters.
GM's earnings statement reiterated a previous target of building 400,000 EVs from 2022 through the first half of 2024, and projected EV revenue of $50 billion in 2025, with pre-tax profit in the ...
GM’s first-to-market expectations come after crosstown rival Ford Motor earlier this month announced its intention to launch what it similarly called “game-changing” LMR batteries before 2030.
GM told employees in a memo that the cuts were based on performance, saying the company needs to have a top-tier team to execute its transition to all electric vehicles by 2035.
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GM Stock Falls After $1.1 Billion Hit From Tariffs
GM on Tuesday reported an operating profit of $3 billion and earnings per share of $2.53 from sales of $47.1 billion. Wall Street was looking for an operating profit of $2.9 billion and earnings ...
GM’s contract with the United Auto Workers in 2023 promised an additional investment in both the Orion and Fairfax assemblies. The contract does not mention a Spring Hill investment.
GM’s full-size SUV registrations reached nearly 274,000 units, and about 93% of those were V8 engines. Add in the full-size trucks, and GM’s scale for the V8 option is notably different from ...
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What Caused GM's Dramatic 35% Drop in Net Income?
GM said that tariff impacts in the second quarter cost the company $1.1 billion, and it's holding its guidance for the full-year impact to be between $4 billion and $5 billion. The Detroit ...
GM’s revenue in the quarter fell nearly 2% to about $47 billion from a year ago. Its quarterly adjusted earnings per share fell to $2.53 compared with $3.06 a year earlier. Bloomberg via Getty ...
GM reported its financial results a day after Jeep maker Stellantis said that its preliminary estimates show a 2.3 billion euros ($2.68 billion) net loss in the first half of the year due to U.S ...
On May 1, GM lowered its 2025 guidance, saying tariff expenses are likely to eat up to $5 billion in previously expected profits. “They won’t say it outright, but it’s almost certain that ...
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