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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.
S&P 500 notches record-high close; GM slumps as tariffs bite
The S&P 500 eked out a record-high close on Tuesday, following steep losses in General Motors and a gain in Tesla as ...
GM Stock Falls After $1.1 Billion Hit From Tariffs
GM reports a second-quarter operating profit of $3 billion and earnings per share of $2.53 from sales of $47.1 billion.
GM CEO says importing from this country works despite tariffs
At the president's behest, GM and other carmakers have not passed the costs of the tariffs along to the customer. But GM is ...
Tariffs hit U.S. companies hard, but businesses absorb them for now
General Motors said tariffs slashed its second-quarter income by more than $1 billion, and other companies pointed to import ...
Wall Street ticks up to another record as GM and others show how tariffs are impacting them
General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.
GM, Ford Stock Rally Despite Detroit’s Complaints on Japan Trade Deal
The trade deal with Japan is also giving investors hope that there could be similar reductions on tariffs for vehicles ...
GM’s $1.1 billion tariff hit bolsters mounting evidence that Americans are the ones footing the bill for Trump’s import taxes
General Motors had a more than $1 billion chunk taken out of its profits due to tariff costs, the company reported on Tuesday ...