GM Withdraws Profit Forecast Amidst Tariff Uncertainty
Tap title to read story
GM reported a 7% decline in first-quarter profits to $2.8 billion, primarily due to a 14% drop in North American earnings. The company withdrew its previous $11.2-$12.5 billion net income projection for 2025, citing uncertainty surrounding US tariffs on imported cars, steel, and aluminum. While tariffs minimally impacted Q1 results, GM anticipates future effects and is in discussions with the Trump administration for clarity.
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.































