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General Motors Co. said it suffered a $1.1 billion profit hit from Donald Trump’s tariffs and revealed no plan for a near-term fix to return to pre-tariff profit levels.
GM (GM) absorbed a $1.1 billion tariff hit in Q2 yet still topped profit estimates, lifted by robust pricing and demand for its core gasoline trucks and SUVs. Revenue slipped nearly 2% to about ...
Wall Street analysts predict lower second-quarter profits for Ford, GM and Stellantis due to tariff pressures and slowing sales.
Jeep and Ram owner Stellantis became the latest automaker to forecast a heavy hit from Trump's tariffs on imported vehicles ...
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Just Auto on MSNGM to import CATL batteries for Bolt EV amid tariff constraints – reportGM has reportedly outlined plans to import batteries from China's CATL for its forthcoming Chevrolet Bolt EV model.
General Motors said July 22 that tariffs could eventually cost the company $5 billion before the end of the year.
General Motors plans to import batteries from China to power its second-generation Chevrolet Bolt electric vehicle, despite ...
It took a $1.1 billion tariff hit in the last quarter, which is on target with expectations. GM sales in China are ticking upward.
GM saw net income fall to about $1.9 billion last quarter, it announced on Tuesday, down from $2.9 billion a year earlier. The automaker noted the effect of tariffs, “reflecting minimal ...
GM’s rival Stellantis, which owns Jeep and Ram Trucks among other brands, announced on Monday $2.7 billion in net losses for the first half of the year as North American sales continued to slump.
Chief Financial Officer Paul Jacobson told investors Tuesday: "This decline was primarily driven by a net tariff impact of $1.1 billion in the quarter." GM leaders had warned that pain from tariffs ...
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