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groundloop

(12,817 posts) Thu May 1, 2025, 01:18 PM Yesterday

GM cuts 2025 profit forecast, expects up to $5 billion tariff impact

Source: Reuters

General Motors ( GM ) cut its 2025 profit forecast on Thursday after receiving some clarity and a reprieve from the White House this week on automotive tariffs.

CEO Mary Barra told shareholders in a letter that the company would maintain dialogue with the Trump administration on trade and other policies as they evolve.

"There are ongoing discussions with key trade partners that may also have an impact," Barra said.

The Detroit automaker released the forecast two days after pulling a previous one issued in January that did not take into account the automotive tariffs, and after the Trump administration made changes to them.

Read more: https://www.reuters.com/business/autos-transportation/gm-forecasts-2025-core-profit-including-tariff-hit-2025-05-01/

4 replies, 411 views
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GM cuts 2025 profit forecast, expects up to $5 billion tariff impact (Original Post) groundloop Yesterday OP
I'm old enough to remember Charles E. Wilson's statement: Tarzanrock Yesterday #1
So when does the golden age start? Initech Yesterday #2
Nothing quite like a $5 billion dollar loss to affect your "bottom line." Tarzanrock Yesterday #3
tRUMP will have a diaper change and Wall Street will go up 1% on the news wolfie001 Yesterday #4

Tarzanrock

(770 posts)
1. I'm old enough to remember Charles E. Wilson's statement:
Reply to groundloop (Original post)
Thu May 1, 2025, 01:24 PM
Yesterday

"because for years I thought what was good for the country was good for General Motors and vice versa."

Tarzanrock

(770 posts)
3. Nothing quite like a $5 billion dollar loss to affect your "bottom line."
Reply to groundloop (Original post)
Thu May 1, 2025, 01:45 PM
Yesterday

I'm sure that the stockholders will understand.

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