General Motors lowered its profit forecast for 2025 by over 20% as tariffs imposed by the Trump administration are expected to raise costs by $4 billion to $5 billion this year. G.M. now anticipates profits between $8.2 billion and $10.1 billion, down from previous estimates. Despite these challenges, CEO Mary Barra reassured stakeholders of the companyâs robust adaptation strategies, including increasing U.S. production and collaborating with suppliers to source more domestic components, thus aiming to offset tariff impacts on vehicle prices and production.
General Motors has adjusted its profit forecast for 2025 down by over 20% owing to substantial tariff-related costs, impacting their vehicle pricing and production.
The company's executives highlighted that despite lowered forecasts, G.M.'s business remains strong as they adapt processes to mitigate the $4 to $5 billion impact of tariffs.
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