GM Reports $1.1B Q2 Loss Due to Tariff Impact, Predicts $4B-$5B Loss for 2023

Published: Jul 23, 2025 17:05

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[SMM Flash News] According to the Q2 performance report recently released by General Motors (GM) in the US, tariffs have had a significant impact on the company. The report shows that due to the impact of tariffs, GM incurred losses of up to $1.1 billion in Q2, resulting in a substantial YoY decline of 35.4% in net profit, which fell to $1.9 billion. Meanwhile, compared with the same period last year, the company's Q2 revenue also slightly decreased by 1.8%, from $47.97 billion to $47.12 billion. GM also predicts that under the influence of multiple tariffs, the company's losses this year may further expand to $4 billion to $5 billion.

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