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General Motors exceeded first-quarter expectations, reporting $2.78 adjusted earnings per share versus the expected $2.74 and $44.02 billion in revenue. However, GM is reassessing its 2025 financial guidance and suspending stock buybacks due to uncertainty surrounding President Trump's auto tariffs. While the company anticipates offsetting 30-50% of North American tariff impacts, the ongoing uncertainty and potential for additional levies are prompting a reassessment of its financial projections. GM's CFO stated the previous guidance is unreliable until greater clarity emerges on the economic and regulatory environment. The company is making minor production adjustments but delaying significant decisions until the situation clarifies.

Prepared by Christopher Adams and reviewed by editorial team.