GM Navigates Trump Tariffs, Strong EV Sales
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GM CEO Mary Barra reported a 2% revenue increase and strong EV sales, solidifying their position as the second-largest US EV seller behind Tesla. However, Trump's fluctuating tariffs are projected to cost GM $4-$5 billion. While initially causing panic buying and sales spikes, recent tariff adjustments offer some optimism, though the full impact remains uncertain. GM pulled its profit guidance due to tariff unpredictability.
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