General Motors (GM) She announced a loss of $ 1.68 billion for the second quarter (April to June) 2025, citing the uncertainty of the US import tariff (United States).
In the quarterly profit call, the auto company has installed the full loss of $ 1.1 billion to the tariff for the import of cars from April 2, 2025, which extended to components in May before combining the broader mutual tariff.
In his offer, General Motors told shareholders, “Q3 [July-September] The effect to be higher than the Q2 due to the timing of indirect tariff costs. “
“We are putting work in a profitable and long -term future and we are adapting to new commercial and tax policies and the sophisticated technology scene quickly,” said Marie Para, CEO of General Motors in a letter to shareholders.
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The loss decreases by 32 percent in the same period in 2024, as the company’s revenues decreased by 3 percent on an annual basis.
With 746,588 cars that were sold between April and June, General Motors was the best selling company in the United States in the first half of 2025 with 1.4 million delivery processes via its brands, Boik, Cadillac, Chevrolet and GMC.
Mrs. Para also highlighted the investment of 4 million dollars ($ 6.9 billion) in American manufacturing, bringing 300,000 additional production energy.
“This will help us to meet the request of unparalleled customers, and greatly reduce the exposure of customs tariffs, and take up budget opportunities with the launch of new models,” said Ms. Para.
“The capacity begins to arrive online in just 18 months, after which we build more than two million cars in the United States every year with the expansion of its scope.”
This included an investment of $ 888 million ($ 1.377 billion) in developing a small V8 engine in the sixth generation in the Tonawanda payment factory in Buffalo, New York.
In general, General Motors is in a good position to succeed in ice [internal combustion engine] “The market now has a longer runway,” said Ms. Para.
The news comes at a time when the competition, which has American brands including Jeep, Ram Truecks, Dodge and Chryler among other things, has a loss of 2.3 billion euros ($ 4.1 billion) during the first six months of 2025 after a profit of 5.6 billion euros (10 billion dollars) in the same period last year.
In April, US President Donald Trump presented a 25 percent “cars” tariff on imported vehicles, including Mexico and Mexico – the decisive parts of the supply chain wider in North America – although General Motors, Ford and Stilllantis required more time to adapt to the tariffs.
Mr. Trump has declined somewhat, as one-month disability provided a customs tariff for vehicles built in Canada-such as Chevrolet Silvrado and Mexico, where Stelantis manufactures vehicles like Jeep Wagoneer S.
In May, a tariff was applied to the ingredients, which was also placed with a “mutual” tariff for the country, which means that the customs tariff for materials-such as imported steel-will attract an additional tariff.
Analysts expected that the average cost of a new vehicle could increase by $ 12,000 ($ 18,250), while President Trump said the definitions were aimed at cultivating American manufacturing.
“In the end, it will mean more production at home, stronger competition and lower prices for consumers,” President Trump told the media at a press conference announcing the customs tariff on April 2, 2025.
General Motors says that the average transaction prices have risen to $ 51,000 ($ 77,570) and prices are expected to raise between 0.5-1.0 percent this year.
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