News

GM quarterly profit slumps 35%, but it sticks by full year outlook that was lowered in May
The company expects the impact from the Trump administration's tariffs to take a bigger toll in the third quarter.
WXYZ-TV Channel 712h
Auto industry feeling impact of President Trump's tariffs, with GM & Stellantis reporting profit losses
There is a growing level of economic uncertainty surrounding the North American Auto Industry, especially the Big Three.
Money Morning12h
GM and Stellantis Lose Billions as Tariffs Reshape U.S. Auto Industry
President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
Detroit 3 automakers raise concerns about Japan trade deal
The American Automotive Policy Council, which represents the Detroit 3, criticized a deal giving Japan lower import tariffs ...
Trump’s tariffs hit US companies hard, but businesses absorb them for now - Clone
The Trump administration’s tariffs are hitting companies that do business in the United States. But prices haven’t reflected them yet in many cases.
Detroit Three automakers raise concerns about Japan trade deal
A group representing General Motors Ford and Chrysler-parent Stellantis on Tuesday raised concerns about a trade deal that ...
GM profit hurt by over $1B in tariffs — and shares tumble as impact expected to worsen
Analysts said GM may need to cut investment in future projects or find other ways to trim spending to offset the effect of tariffs.