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General Motors CEO Mary Barra shared her expectations for auto tariffs and their potential impacts on the industry, including how the company plans to absorb the earnings impact.
13don MSN
General Motors on Thursday slashed its full-year forecast as its CEO Mary Barra warned of “a current tariff exposure of $4 billion [to] $5 billion.” The company, which owns brands including Chevrolet,
General Motors and Ford say consumers shouldn’t expect immediate price hikes on cars, even as the companies brace for the financial hit from President Trump’s newly clarified tariffs on imported autos and parts.
The Trump administration’s tariffs on imported cars and auto parts will cost General Motors between $4 billion and $5 billion this year. But in an interview on CNN, CEO Mary Barra said the ...
GM CEO Mary Barra has addressed the automaker’s strategy in response to new tariffs implemented by the Trump administration. General Motors now plans to increase domestic truck production by ...
GM executives described various "levers" the carmarker can pull to offset some of the sting of the tariffs, and said the company should benefit from adjustments to the auto tariffs that Trump announced this week.