From CNBC: 2025-05-01 15:36:00

General Motors revises 2025 financial guidance due to expected $4-$5 billion impact from Trump’s auto tariffs, lowering adjusted earnings to $10-$12.5 billion and net income to $8.2-$10.1 billion. GM expects to spend $500 million to fix 600,000 recalled vehicles. CEO Barra remains optimistic about GM’s growth and adaptation to new trade policies. The company anticipates mitigating some cost increases from tariffs through self-help initiatives. GM delays investor call and guidance updates due to expected changes to auto tariffs. CEO Barra states GM is working to offset increased costs from tariffs by increasing U.S. sourced parts. The company plans to leverage existing U.S. plants to increase capacity efficiently. GM expects lower industry sales but steady pricing for the rest of the year.



Read more at CNBC: GM lowers 2025 guidance, citing up to $5 billion in tariff exposure