GM Raises Profit Forecast, Shares Soar 14% as Tariff Pressure Eases

Reported about 23 hours ago

General Motors has increased its profit outlook for the year due to reduced tariff costs and lower losses from electric vehicles, resulting in a 14% surge in its shares. CEO Mary Barra acknowledged that while the company will continue to invest in EVs as a priority, near-term adoption may fall short of expectations due to regulatory changes. GM's revised annual profit expectations now range from $12 billion to $13 billion, reflecting a more optimistic stance amid strong U.S. car sales despite ongoing challenges.

Source: YAHOO

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