GM cuts 2025 profit forecast, expects up to $5 billion tariff impact [View all]
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/
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