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General Motors' Q2 profits drop $1.1B after taking tariff hit

UNITED STATES, JUL 22 – General Motors' net income fell 35% due to $4 billion to $5 billion in tariffs but beat analyst revenue and earnings estimates with strong vehicle and electric vehicle sales.

  • General Motors' second-quarter profits fell by $1.1 billion due to the impact of tariffs.
  • The company reported a 32% drop in its core profit to $3 billion, despite beating Wall Street estimates.
  • GM plans to mitigate at least 30% of its expected cost increases from tariffs through various measures.
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Benzinga broke the news in New York, United States on Monday, July 21, 2025.
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