GM Profit Shrinks After $1.1 Billion Tariff Hit

Tuesday, July 22, 2025

General Motors' net income plummeted 35% in the second quarter compared with the same quarter in 2024 as increased costs and industry uncertainty stemming from President Donald Trump's ongoing automotive tariffs cost the company $1.1 billion.

Posted by reinheitsgebot at 09:33 PM | 10 COMMENTS | permalink

Trump tariffs take a $1 billion bite out of GM earnings; shares fall reut.rs/44KubCY

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-- Reuters (@reuters.com) Jul 22, 2025 at 8:05 AM

Comments

Why won't Joe Biden just leave things alone?

#1 | Posted by Zed at 2025-07-22 09:58 AM

And Stellantis has over $2B losses this year, though not all from tariffs.

Stellantis has announced its preliminary financial results for the first half of 2025 " and it's not looking good. The automaker, known for brands like Jeep and Dodge (among many others) reported a net loss of 2.3 billion (approximately $2.7 billion) for the period. That compares to a 5.5 billion ($6.4 billion) profit for all of 2024, which itself marked a 70% drop from the previous year.
carbuzz.com

#2 | Posted by snoofy at 2025-07-22 10:40 AM

$5 billion on China Joint Ventures
$3.5 billon on Cruise
$2.5 billion on EVs
$2.4 billion on North American ops EBIT shrinkage

If they dump robotaxis and EVs, or China operations, they'd be very profitable.

#3 | Posted by sitzkrieg at 2025-07-22 11:37 AM

Uh oh. Looks like Stephen Colbert is not the only one losing money and in danger of getting "canceled".

#4 | Posted by donnerboy at 2025-07-22 11:48 AM

President Pedo is actively destroying this country.