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General Motors lifts financial forecast as Trump tariff outlook improves
GMGM(US:GM) The Guardianยท2025-10-21 12:55

General Motors lifted its financial outlook for the year and slightly lowered its expected hit from tariffs, as the automaker awaits expected relief on tariffs in the US while confronting a weakening market for electric vehicles.The company now expects its annual adjusted core profit to be between $12bn and $13bn, compared with its prior estimate of $10bn to $12.5bn. The Detroit automaker said tariffs would hit its bottom line less than anticipated, lowering its updated impact to a range of $3.5bn to $4.5bn ...