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General Motors profit drops 35% as Trump tariffs hit car industry
GM’s quarterly profit tumble comes a day after Stellantis says it expects $2.7bn loss in first six months of the year.
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forbes.com
General Motors Earnings Drop $1.1 Billion Because Of Tariffs, Company Says
The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.
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aljazeera.com
General Motors profit drops 35% as Trump tariffs hit car industry
GM’s quarterly profit tumble comes a day after Stellantis says it expects $2.7bn loss in first six months of the year.
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fortune.com
GM’s $1.1 billion tariff hit bolsters mounting evidence that Americans are the ones footing the bill for Trump’s import taxes | Fortune
“The top-down macroevidence seems clear: Americans are mostly paying for the tariffs,” a Deutsche Bank analyst said in a note published Tuesday.
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cnbc.com
Auto giant Volkswagen cuts guidance as U.S. tariffs hit profit hard
Europe's biggest carmaker posted a sharp drop in second-quarter profit, primarily due to high costs from increased U.S. import tariffs.
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theguardian.com
Volkswagen takes €1.3bn hit from ‘high costs’ of Trump tariffs
Manufacturer cuts profit margin range for year as German car exports to US fall sharply
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Volkswagen profits tumble as tariffs weigh on auto industry
Carmaker joins Stellantis and GM in reporting hits to their profits as tariffs drive up costs for the industry.