GM lowers 2025 guidance, citing up to $5 billion in tariff exposure

[Zincwarrior]

GM announces a possible $4Bn to $5Bn impact on earnings due to tariffs for its 2025 outlook. Ouch!

https://www.wsj.com/business/earnings/gm-cuts-outlook-expects-at-least-4-billion-tariff-dent-b0d9b79b?mod=hp_lead_pos2

• GM on Thursday lowered its 2025 earnings guidance to include a possible $4 billion to $5 billion impact as a result of President Donald Trump’s auto tariffs.
• GM said its new guidance includes adjusted EBIT of between $10 billion and $12.5 billion, down from $13.7 billion to $15.7 billion.
• GM released first quarter results Tuesday that beat Wall Street’s expectations but delayed its investor call and updated guidance details amid expected changes to the auto tariffs.

 

[tyroneweaver]

GM announces a possible $4Bn to $5Bn impact on earnings due to tariffs for its 2025 outlook. Ouch!

https://www.wsj.com/business/earnings/gm-cuts-outlook-expects-at-least-4-billion-tariff-dent-b0d9b79b?mod=hp_lead_pos2

In a Victory for Autoworkers, Auto Tariffs Mark the Beginning of the End of NAFTA and the “Free Trade” Disaster - UAW | United Automobile, Aerospace and Agricultural Implement Workers of America

Days after Volkswagen, the #2 automaker in the world, announced making $20.6 billion in profit in 2024, a new UAW survey of VW workers in Chattanooga reveals the devastating financial toll of VW’s substandard U.S. health care offerings.

uaw.org

 

[JohnDB]