GM
📉 General Motors reduced its full-year earnings forecast just days after suspending guidance, citing exposure to potential automotive tariffs.
💸 The company anticipates a significant impact from tariffs, estimated between $4 billion and $5 billion, imposed by President Trump.
📊 GM now expects earnings before interest and taxes (EBIT) to be between $10 billion and $12.5 billion, down from the initial forecast of up to $15.7 billion.
@bernardodegarcia:
“We also had General Motors reducing its full-year earnings forecast, just two days after suspending its forecast, its guidance, so to speak, its earnings, due to exposure to automotive tariffs of up to $5 billion imposed by President Trump. The company announced that it now expects earnings before interest and taxes to be between $10 and $12.5 billion, down from its initial forecast through January of $15.7 billion. The reason, according to a letter to shareholders from CEO Mary Barra, is the company’s exposure to these tariffs.”
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