Reported about 19 hours ago
General Motors (GM) experienced a substantial 35% decrease in net income, primarily driven by approximately $1.1 billion in tariffs during the second quarter, with expectations of further adverse impacts in the third quarter. Despite these challenges, GM has made strides in its restructuring efforts in China, reporting improved equity income and gaining market share. The company plans to mitigate tariff impacts through various cost initiatives while maintaining a strong focus on electric vehicle investments.
Source: YAHOO