General Motors reported a 32% decrease in core profit to $3 billion, heavily influenced by challenging tariff policies. Revenue for the second quarter fell nearly 2% to approximately $47 billion, with adjusted earnings per share dropping from $3.06 to $2.53. Analysts had anticipated a profit of $2.44 per share. GM expects tariff impacts to worsen in the third quarter, estimating trade headwinds could cost between $4 billion and $5 billion. However, U.S. sales rose 7%, and there was a return to profit in China.
General Motors' second-quarter core profit fell 32% to $3 billion due to challenging tariff policies, which sapped $1.1 billion from the results.
The automaker's revenue fell nearly 2% to about $47 billion, and adjusted earnings per share decreased from $3.06 to $2.53 compared to a year earlier.
GM expects the tariff impact to worsen in the third quarter, predicting trade headwinds could hit the bottom line by $4 billion to $5 billion.
Despite tariffs, GM's underlying business was strong, with U.S. sales rising 7% and the company returning to a small profit in China.
Collection
[
|
...
]