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GM Reports 35.4% Year-on-Year Drop in Second-Quarter Net Profit Amid Tariff Pressures
9 hour ago /
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Author：小编
On July 22, General Motors unveiled its second-quarter earnings report, revealing a significant loss of $1.1 billion attributed to the adverse effects of tariffs. Consequently, the company's net profit plummeted 35.4% year-on-year, totaling $1.9 billion. Revenue also declined by 1.8% year-on-year, reaching $47.12 billion. Looking ahead, GM anticipates incurring losses ranging from $4 billion to $5 billion this year due to the ongoing tariff challenges.
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