Group 1: Financial Forecast and Impact of Tariffs - General Motors has reduced its full-year profit forecast to between $8.2 billion and $10.1 billion, down from previous estimates of $11.2 billion to $12.5 billion, due to a projected tariff exposure of $4 billion to $5 billion [1][4] - The company expects adjusted earnings to be between $8.25 and $10 per share, a decrease from the earlier forecast of $11 to $12 per share [2][4] Group 2: Capital Spending and Management's Response - Despite the anticipated financial hit from tariffs, General Motors plans to maintain capital spending between $10 billion and $11 billion for the year [4] - CEO Mary Barra expressed appreciation for the Trump administration's efforts to understand the automotive industry and its challenges, indicating ongoing discussions with the President and his team [5][4] Group 3: Market Dynamics and Sales Trends - In the first quarter, General Motors reported a 2.3% increase in revenue, driven by a surge in consumer demand as buyers rushed to purchase vehicles ahead of expected price hikes due to tariffs [12][13] - The automotive industry experienced a 13% growth in US car sales in March, although analysts caution that this may be a temporary spike as price increases are anticipated in response to tariffs [14]