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.
