From Yahoo Finance: 2025-05-01 07:51:00

General Motors is adjusting its profit expectations for the year, preparing for potential $5 billion in auto tariffs by 2025. The company now projects full-year adjusted earnings between $10 billion to $12.5 billion, down from the previous estimate of $13.7 billion to $15.7 billion. President Trump recently signed orders to relax some 25% tariffs on automobiles, easing concerns for domestic manufacturers. However, the impact of broader tariffs on the U.S. economy and auto sales remains uncertain. GM CEO Mary Barra looks forward to maintaining dialogue with the Trump administration on trade policies. Shares of GM rose over 2% before the opening bell.



Read more at Yahoo Finance: General Motors trims 2025 guidance, anticipating potential $5 billion tariff impact