General Motors experienced a 35 percent decline in second-quarter profits, amounting to $1.9 billion, largely due to $1.1 billion in tariffs imposed by the United States. While revenues fell slightly by 1.8 percent to $47.1 billion, GM reported stronger sales growth in North America for new trucks and SUVs. The company anticipated lower profits in the latter half of 2025, citing increased costs and two quarters affected by tariffs, compared to one quarter in the first half of the year. Despite current challenges, GM projected a full-year operating income between $10 billion and $12.5 billion.
General Motors reported a 35 percent drop in second-quarter profits, totaling $1.9 billion, significantly impacted by $1.1 billion in tariffs imposed by the United States.
Despite the drop, GM's second-quarter results exceeded analyst estimates, as the company leaned on sales growth from new and revamped trucks and SUVs.
The impact of US-imposed tariffs, particularly on imported finished cars and materials, heavily affected GM's operations, especially in their manufacturing facilities across North America.
Looking ahead, GM forecasts a weaker profitability outlook for the second half of 2025, influenced by increased spending and the ongoing effects of tariffs.
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