General Motors experienced a decline in second-quarter profit and revenue but exceeded market expectations. The company reported earnings of $1.89 billion, down from $2.93 billion a year prior. CEO Mary Barra highlighted a $4 billion investment in U.S. assembly plants to lower tariff risks and adapt to new trade policies. Despite slower growth in the electric vehicle market, GM remains optimistic about profitability in that sector. The company maintained its full-year financial forecast after lowering profit expectations due to potential auto tariffs impacting future earnings.
General Motors earned $1.89 billion in the second-quarter, down from $2.93 billion the previous year, but surpassed analyst estimates of $2.34 per share.
GM is investing $4 billion in U.S. assembly plants to mitigate tariff exposure and adapt to new trade policies and a changing tech landscape.
CEO Mary Barra believes the long-term future is in profitable electric vehicle production despite slower industry growth and emphasizes a customer-centric approach.
The company maintained its full-year financial forecast, anticipating adjusted earnings before interest and taxes between $10 billion and $12.5 billion amid potential auto tariffs.
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