GM cuts 2025 profit forecast, expects up to $5 billion tariff impact

[groundloop]

Source: Reuters

General Motors ( GM ) cut its 2025 profit forecast on Thursday after receiving some clarity and a reprieve from the White House this week on automotive tariffs.

CEO Mary Barra told shareholders in a letter that the company would maintain dialogue with the Trump administration on trade and other policies as they evolve.

"There are ongoing discussions with key trade partners that may also have an impact," Barra said.

The Detroit automaker released the forecast two days after pulling a previous one issued in January that did not take into account the automotive tariffs, and after the Trump administration made changes to them.

Read more: https://www.reuters.com/business/autos-transportation/gm-forecasts-2025-core-profit-including-tariff-hit-2025-05-01/

[Tarzanrock]

1. I'm old enough to remember Charles E. Wilson's statement:

"because for years I thought what was good for the country was good for General Motors and vice versa."

[Initech]

2. So when does the golden age start?

[Tarzanrock]

3. Nothing quite like a $5 billion dollar loss to affect your "bottom line."

I'm sure that the stockholders will understand.

[wolfie001]

4. tRUMP will have a diaper change and Wall Street will go up 1% on the news