US EditionGeneral Motors to deploy ‘Covid playbook’ to offset $5bn tariff hit
- General Motors announced on May 1, 2025, it lowered its full-year adjusted EBIT guidance to $10 billion-$12.5 billion due to tariff-related costs in the U.S. Automotive sector.
- The reduced forecast follows President Trump's recent executive orders easing some 25% tariffs on automobiles and parts, although tariffs still pose a $4 billion-$5 billion cost for GM this year.
- GM paused its stock buyback and acknowledged ongoing uncertainty around trade policies while other companies like Harley-Davidson and Church & Dwight also face tariff-related financial disruptions and forecast adjustments.
- GM CEO Mary Barra stated that the company’s operations remain robust and continue to expand as they adjust to recent changes in trade policies, with a focus on enhancing supply chains and improving electric vehicle profitability despite the effects of tariffs.
- The tariff environment continues to challenge automotive and manufacturing firms, suggesting an evolving trade landscape with potential effects on pricing, supply chains, and corporate earnings throughout 2025.
62 Articles
62 Articles
GM says it stands to lose $5B due to Trump's tariffs
SAN DIEGO (Border Report) -- General Motors says it stands to lose up to $5 billion this year due to tariff-related costs. On April 3, President Donald Trump implemented 25% tariffs on imported vehicles and auto parts as a way to protect national security and force manufacturers to bring jobs back to the U.S. Two days ago, the president eased some of those tariffs. GM is now projecting it will not meet its $15.7 billion predicted earnings for th…
InsideNoVA.com
GM tells shareholders tariffs will cost company up to $5 billion
(The Center Square) – Detroit-based automaker General Motors told shareholders Thursday that it expects tariffs will cost the company about $4 billion to $5 billion and it lowered its financial guidance for the year.
GM’s $5B tariff gut punch shows how painful it will be for U.S. automakers to adapt to Trump’s vision
General Motors on Thursday became the first U.S. automaker to put a dollar figure on the cost of Trump’s tariffs: $4 billion to $5 billion in 2025. But the answer to the bigger question—whether these steep penalties will compel GM to move a more meaningful chunk of its vehicle production back to the homeland—remains as vague as ever. CEO Mary Barra described a variety of “levers” the company can, or already has, pulled to offset some of the bit…
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