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 | Comment on This Entry |

Alternate links: Google News | Twitter

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

[image or embed]
-- Reuters (@reuters.com) Jul 22, 2025 at 8:05 AM

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Why won't Joe Biden just leave things alone?

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

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 | Reply

$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 | Reply

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 | Reply

President Pedo is actively destroying this country.

#5 | Posted by LegallyYourDead at 2025-07-22 09:50 PM | Reply

That makes him a traitor.

#6 | Posted by LegallyYourDead at 2025-07-22 09:50 PM | Reply

BYD crushes Tesla. No competition.

#7 | Posted by LegallyYourDead at 2025-07-22 09:51 PM | Reply

That's why they're not available here.

#8 | Posted by LegallyYourDead at 2025-07-22 09:51 PM | Reply

My car is old, Bavarian, and paid for. I think it will last me for as long as I can insert and extract myself from it. GEE EM who?

#9 | Posted by RightisTrite at 2025-07-23 07:15 AM | Reply

So much winning.

#10 | Posted by Nixon at 2025-07-23 07:25 AM | Reply