GM Q2 profit falls 35%: Tariff hit reaches $1.1 billion, automaker...

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2025-07-22 12:18:15 -

GM Q2 profit falls 35%: Tariff hit reaches $1.1 billion, automaker retains full-year forecast lowered in May

General Motors reported a 35% decline in second-quarter profit, reaching $1.89 billion, but exceeded Wall Street expectations. Despite tariff-related challenges, GM maintained its full-year earnings forecast, offsetting impacts through cost initiatives and strategic pricing. The company's EV sales increased, reaffirming its commitment to electric vehicle production amidst broader industry...

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