GM earnings show tariffs hitting autos hard in 2025

In the presentation touting legendary automaker GM’s quarterly and full-year 2025 results, the word “tariff” appears 14 times. That’s because tariffs cost GM more than $3 billion, gross, last year. Tariffs account for the majority of the company’s year-over-year decline in profits, and this after the company figured out how to mitigate 40% of tariff impacts through pricing and cost adjustments — which highlights just how big the underlying tariff hit was. Here's what to know. A significant hit to margin ...