Reported about 24 hours ago
General Motors (GM) is alleviating the financial strain from tariffs by raising prices on its trucks and SUVs, according to CFO Paul Jacobson. He mentioned that tariffs are stabilizing and that GM's revenue is benefitting from strategic price hikes and strong demand. The company has adjusted its profit forecasts, now expecting tariff impacts of $3.5 billion to $4.5 billion instead of the previously estimated up to $5 billion. GM's stock has seen a significant rise amid these developments, highlighting the company's ability to adapt in a changing market.
Source: YAHOO