GM’s profit tumble in second quarter comes a day after Jeep maker Stellantis says it expected a $2.7bn loss in the first six months of the year.
General Motors reported a 35% drop in Q2 profits to $1.9bn, impacted by $1.1bn in tariffs, while maintaining its full-year forecast. Despite strong sales in North America, GM anticipates lower profits in the latter half of 2025 due to ongoing tariff challenges and increased spending on new vehicle launches.
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