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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124 Articles
124 Articles


Painful toll of tariffs on auto sector becoming clear: 'All because of Trump'
WINDSOR – After seeing the plunge in profits being reported by Detroit Three automakers this week, an auto sector observer warns the future of the Canadian auto industry is ‘unsustainable’ without the removal of U.S. President Donald Trump's tariffs.
·London, Canada
Read Full Article'All because of Trump' — Stellantis, other automakers report losing billions due to tariffs
After seeing the plunge in profits being reported by Detroit Three automakers this week, an auto sector observer warns the future of the Canadian auto industry is ‘unsustainable’ without the removal of tariffs.
·Windsor, Canada
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Total News Sources124
Leaning Left23Leaning Right15Center43Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 28%
C 53%
R 19%
Factuality
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