The company expects the impact from the Trump administration’s tariffs to take a bigger toll in the third quarter.
DETROIT — General Motors’ profit declined 35% in its second-quarter, including a $1.1 billion hit from tariffs, but the automaker easily topped expectations and stuck by its full-year financial outlook that it lowered in May.
GM CEO Mary Barra also said in a letter to shareholders on Tuesday that the automaker is attempting to “greatly reduce our tariff exposure,” citing $4 billion of new investment in its U.S. assembly plants.
“In addition to our strong underlying operating performance, we are positioning the business for a profitable,
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