GM Posts Quarterly Loss, Makes Plans for Potential Tariffs

GM Posts Quarterly Loss, Makes Plans for Potential Tariffs Restructuring charges lead to $2.9 billion loss in fourth quarter; CEO says GM has ‘levers that we can pull’ if Trump imposes 25% tariffs

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GM Posts Quarterly Loss, Makes Plans For Potential Tariffs

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wsj.com

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GM's Stock Falls As It Signals That Tariffs May Impact Its Outlook

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2 days ago · GM's adjusted fourth-quarter profit of $1.92 a share beat the Wall Street analysts' estimate of $1.85 a share. Fourth-quarter revenue rose 11% to $47.7 billion from $42.98 …

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GM Stock Slumps On Tariff Fears Even As Revenues Exceed …

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2 days ago · GM reported pre-tax profit of $2.5bn in the quarter but reported a $3bn net loss, mostly because of $4bn in restructuring charges in China where it lost $4.4bn in the year.

aljazeera.com

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GM Results Aren't Enough For Investors, Shares Skid 9% On Tariff ...

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2 days ago · GM reported pre-tax profit of $2.5 billion in the quarter but reported a $3 billion net loss, mostly because of $4 billion in restructuring charges in China where it lost $4.4 billion in …

reuters.com

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GM Leads S&P 500 Decliners As Tariff Worries Outweigh

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2 days ago · General Motors stock was the biggest decliner in the S&P 500 on Tuesday, falling nearly 9% as concerns about the potential impact of tariffs outweighed fourth-quarter revenue …

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Why GM Shares Drop Around Tariff Uncertainty, Despite Wall Street …

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2 days ago · GM guided between $11.2 billion and $12.5 billion in net income for 2025 after reporting a $6 billion profit last year that beat Wall Street expectations, but was hurt by special …

detroitnews.com

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General Motors Swings To Fourth Quarter Loss On Charges Related To ...

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2 days ago · Last month GM cautioned that the poor performance of its Chinese joint ventures would force it to write down assets and take a restructuring charge totaling more than $5 billion …

go.com

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GM's Stock Falls As Carmaker Signals That Tariffs May Impact Its ...

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2 days ago · GM's adjusted fourth-quarter profit of $1.92 a share beat the Wall Street analyst estimate of $1.85 a share. Fourth-quarter revenue rose 11% to $47.7 billion from $42.98 …

morningstar.com

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GM Shares Slump As Guidance Excludes Impact From Tariffs

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2 days ago · GM (NYSE:GM) shares continued to lose traction during premarket trading and opened nearly 9% lower as comments from company executives during the conference call …

seekingalpha.com

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GM Results Aren't Enough For Investors, Shares Skid 9% On Tariff …

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usnews.com

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GM, Other US Automakers Face Sharp Profit Squeeze From Trump …

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Nov 29, 2024 · Michigan-based automakers like General Motors Company GM, Stellantis N.V. STLA, and Ford Motor Co. F could lose up to 17% of their combined annual EBITDA – a …

benzinga.com

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GM, Other US Automakers Face Sharp Profit Squeeze From Trump …

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Nov 29, 2024 · For GM and Stellantis, the percentage of EBITDA at risk would be above 20%,Paul said. Ford's exposure to Mexican tariffs is lower given its more modest footprint …

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Automaker Shares Plummet After Trump Details Tariffs Plan

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Nov 26, 2024 · General Motors and Stellantis shares fell Tuesday morning after President-elect Donald Trump announced that his tariff plan would include 25% tariffs on imported goods from …

washingtonexaminer.com

FAQs about GM Posts Quarterly Loss, Makes Plans for Potential Tariffs Coupon?

How will Trump's tariffs affect GM?

Trump’s tariff threats create uncertainty for GM and the auto industry. The automaker imports 22% of the vehicles it sells in the US from Mexico, according to S&P Global. GM has a plant in each country making full-size pickup trucks, its most profitable product line. Both countries are a source of many key parts. ...

Why did General Motors post fourth-quarter 2024 results?

General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations as the U.S. automaker continued to see strong consumer demand for its pricey gasoline-powered trucks and SUVs. ...

Does GM predict rising profits in 2025?

GM predicts rising profits in 2025, assuming a "stable policy environment" in North America. General Motors (GM) posted better fourth quarter revenue and adjusted earnings than analysts had expected, as it recorded billions in one-time charges because of recent changes to the automaker's business plans. ...

Why did GM lose $5 billion?

The loss was due to $5 billion in one-time charges, like a $4 billion charge to go along with the restructuring of its joint venture in China after the unit has struggled in recent quarters. GM also took a roughly $500 million charge for the halting of development of its Cruise autonomous vehicles. ...

Why did GM pay billions in one-time charges?

The automaker posted billions in one-time charges for recent moves like restructuring its China business and halting development of its Cruise robotaxis. GM predicts rising profits in 2025, assuming a "stable policy environment" in North America. ...

Why did GM stock tumble?

Shares in General Motors (GM) tumbled after the car maker reported a $2.9 billion quarterly loss, putting the stock on course for one of its worst days in recent years. The shares recently stood nearly 9% lower. Restructuring charges led to a fourth-quarter net loss. The result marred what was a relatively strong year for GM. ...