Reported about 8 hours ago
General Motors announced solid financial results for Q1, achieving $2.78 billion in earnings, but indicated it will reevaluate its 2025 outlook due to potential auto tariffs. The company plans to delay its earnings call to assess tariff impacts further. Amid recent discussions on reducing tariffs by President Trump, concerns loom over the economic effects in Michigan, which has seen rising unemployment linked to trade policies. GM's revenue increased to $44.02 billion, yet its stocks dipped more than 2% before market opening.
Source: YAHOO