Tariffs cost GM 1 billion dollars
It will cost them $5 billion by EOY but ewwwwhhhhrrrrrrr the exporter must be paying for it!!!!!
If only GM had a great negotiator like @Bob_C that could have mitigated this damage!!!!
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According to Bob C we are just waiting for (what was his term?) reciprocal wtf? to kick in. No problem recouping that $1100000000.00 in lost revenue right Bob C?
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lol. They need someone to negotiate.
In a quarterly earnings call with investors, the chief financial officer of General Motors said Tuesday morning that tariffs cost the company approximately $1.1 billion over three months, bringing the company's profit margin from 9% down to 6.1% — that is, from meeting their target profitability to falling several percentage points short.
CFO Paul Jacobson said that so far, the company has only been able to reduce the blow to profits by a minimal amount. But they're hoping that will change.
Sure bud. It was the tariffs.
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Bro Race, I seriously can’t believe how dumb some of the people on this board are. Stupid Everett Chris think you’re hurting the exporting countries. Look at what happened to GM. It’s fucking math.
Remember that tariff revenue everyone was bragging about? Here’s where it came from. Right out of private enterprise into the US government coffers!!!
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Gibberish
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I was promised consumer pay 100% of tariffs. Car prices are deflating this year. Agreed that GM needs to do better here (if true). No one hands you the money without asking or using leverage.
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Stop making American cars with foreign parts or in foreign plants. That's the real goal! Make American, buy American!
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Apart from Mustangs and a couple of other cars, American cars are practically extinct. If you mean SUVs and trucks, I guess so.
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or EVER do your links dipstick, sincerely most here
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You assholes say I don't give proof. Then you say you don't read my links. And then people wonder why I don't answer questions here.
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What they mean to say is, you’re not giving “their” proof. You can give numbers and proven facts all day (even words directly from Trumps mouth) and if it doesnt support their narrative, it doesnt qualify
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looks like our little cubicle jockey took a PTO day yesterday
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The catch's strategy: you must show proof to refute my grossly oversimplified views of the world, and if you refuse throw meltdown with homosexual imagery.
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homosexual imagery?
lol what
also, it’s not my problem you hurdled yourself into a discussion unprepared and uninformed. -
It would help GM immeasurably if they produced quality products that can compete with Toyota, Hyundai and Kia.
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And produced them domestically. If they have that many tariffs they are operating overseas
To lose a billion in three months when TACO Trump was allegedly backing off tariffs is quite the feat
If I am on the board we're looking for a new CEO
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GM is doing poorly in a deflationary car price environment. Hard to believe.
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Don’t you idiots see there’s a reason they were producing them offshore in the first place? Capitalism made that decision for them. Yes bring it back to the states….just be prepared to pay a premium for that.
There’s no ehhhhhwwwwwwrrrrr we can bring production back to the states and not feel any impacts. Something will have to give. Companies will be less profitable or they will pass those costs to the consumers. It’s one or the other. I’m willing to pay that premium if so….I just don’t want to hear any more bitching about inflated costs when the effects kick in when Trump is out of office.
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Nothing can be done
Buck comes out in favor of low wages paid to foreign workers and no jobs for Americans
About what you'd expect from a traitor
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Trump secures historic $550B trade deal with Japan: 'Never been anything like it'
Oh the horror!
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Sedans are dying across the board because the market doesn't want them. It's not because of tariffs or shitty American products. There's more demand and profit in soccer mom SUV's. Camry sales peaked 10 years ago and Accord sales dropped 17% from 2023 to 2024.
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If nearly every foreign automaker can build cars in the US, GM and Ford can, too. Bringing plants back from Mexico and Canada is a good thing.
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Bucks claim that capitalism made the off shore choice is true and valid. But it ignores the part where bureaucracy, regulation and big government created the conditions where moving off shore was the obvious choice for capitalism. So not really capitalism.
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The actual reason they lost a billion!
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Yes, over investment there is part of it. Also consumer financing rates too high which is driving down selling prices.
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She's the worst CEO in corporate America.
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Both GM and Ford bet the farm on EVs. They and their UAW union rather than stand up and fight the idiocy of mandated EVs decided to get along go along with the madness under the delusion that EVs would be cheaper, cleaner and that the American taxpayer and electricity consumer would pay the hundreds of billions to build up the necessary electric grid to charge the cars. Just like the US medical bureaucracy (Big Pharma, medical insurers and hospital and doctor organizations) talked themselves into obamacare. Buck brags about the $7500 that the government paid for his Ford Lightning and then whines about tariffs to break free of the chicoms supply chokehold on the US. If he cared about the actual cost to US consumers and taxpayers he would have opposed the dementia patients Make Inflation Greater Act. But he didn't. Because he doesn't care.
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Never said that. In fact I said quite the opposite. I’m personally willing to pay more for American jobs..You better be to.
I think you need to go to the optometrist and get your eyes checked man. Between not being able to read my posts and your recommendation of ugly actresses I think something is definately wrong.
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Buck: I hate tariffs that target the chicoms and countries that are acting to limit US exports.
Buck: I support something that I'm not prepared to tell you about to bring back to the US jobs done by foreigners.
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When the gubmint subsidies dry up, GM can’t compete.
TARP anyone?
Produce products people want
