General Motors lifts financial forecast as Trump tariff outlook improves

Detroit automaker expects 2025 adjusted core profit to be between $12bn and $13bn as it faces weakening EV marketGeneral Motors lifted its financial outlook for the year and slightly lowered its expected hit from tariffs, as the automaker awaits expected relief on tariffs in the US while confronting a weakening market for electric vehicles.The company now expects its annual adjusted core profit to be between $12bn and $13bn, compared with its prior estimate of $10bn to $12.5bn. The Detroit automaker said tariffs would hit its bottom line less than anticipated, lowering its updated impact to a range of $3.5bn to $4.5bn, from a previous $4bn to $5bn. Continue reading...

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