GM to Maintain Pricing Strategy, Despite Trump Tariffs

Tariff Impact & Mitigation - General Motors (GM) expects a $1.1 billion hit to profit from President Trump's tariffs [1] - GM aims to offset 30% of the tariff impact through cost austerity, manufacturing changes, and pricing strategies [4] - GM anticipates seeing mitigation efforts bear fruit in Q3 and Q4 of 2025 [10] - GM expects pricing to be up about 0.5% to 1% for the full year in 2025 [11] Supply Chain & Manufacturing - Only about 3% of GM's direct purchases come from China through the supply chain [6] - GM announced $4 billion of investments over the next couple of years to increase production in the United States [8] - GM will produce more than 2 million vehicles in the US after the investments, making it the largest producer in the country [8] Capital Allocation - GM will invest $10 to $12 billion over the next couple of years to improve its vehicle portfolio and footprint [17] - GM resumed share repurchases in July, with $4.3 billion remaining under its authorization as of June 30th [19]