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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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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.
