Reported about 15 hours ago
General Motors (GM) will announce its third quarter earnings soon, facing challenges from auto tariffs and a changing electric vehicle (EV) market. Analysts predict a revenue drop to $45.16 billion due to tariff effects, even as GM reported a sales increase of 8% with key gains from gas-powered vehicles. The company's EV sales surged ahead of the federal tax credit expiration, but a reassessment of its EV plans will result in a $1.6 billion charge. GM is also investing $4 billion to boost U.S. production in response to tariff pressures.
Source: YAHOO