General Motors Co. said second-quarter net income fell 35 percent to $1.9 billion after U.S. tariffs on foreign-made vehicles and parts erased $1.1 billion from the bottom line. Adjusted earnings of $2.53 a share topped analysts’ $2.33 consensus but were down from $3.06 a year earlier. Revenue slipped 2 percent to $47.1 billion and core profit dropped 32 percent to about $3 billion. The stock sank roughly 7.7 percent in New York trading. The Detroit automaker warned the tariff burden will intensify in the third quarter and reiterated that levies could trim $4 billion to $5 billion from 2025 earnings. Even so, GM maintained its full-year adjusted earnings forecast of $8.25 to $10 a share and an adjusted EBIT range of $10 billion to $12.5 billion. Chief Executive Officer Mary Barra said the company is investing $4 billion to expand U.S. production of pickups and SUVs, a move it expects will offset about 30 percent of its tariff exposure while meeting still-robust domestic demand.
¿El peor enemigo de General Motors en el segundo trimestre? Los aranceles de Donald Trump. Y sus números lo dicen todo. Todos los detalles: https://t.co/yqugaPwwC3 📸: Jeff Kowalsky/Bloomberg https://t.co/ugHprzFC4I
General Motors reported a 32 % decline in second-quarter core profit, citing a $1.1 billion hit from U.S. tariffs implemented under former President Trump. https://t.co/Q9glmO3MtI
General Motors no tiene ningún plan estructural para volver a las ganancias que tenía antes de los aranceles de Trump 💥 ➡️ https://t.co/S4tocide1w https://t.co/c901af0be7