News

Trump’s Tariffs Are Crushing VW’s Bottom Line Harder Than GM’s

Volkswagen has reported their second quarter results and they reveal the company is being hammered by Trump’s tariffs.

GM profit hurt by over $1B in tariffs — and shares tumble as impact expected to worsen

GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.

GM: Tariffs Cost Automaker $1.1 Billion Last Quarter

The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.

German carmakers set for €10bn cash flow hit as Trump tariffs bite

Analysts expect carmakers’ cash flows generated from their automotive business to be squeezed. They are likely to fall from €9.4bn last year to €3bn at Mercedes-Benz; from €7.1bn to €3.5bn at ...

GM warns of more tariff impacts as earnings slip

GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.

Tariffs hit U.S. companies hard, but businesses absorb them for now

General Motors said tariffs slashed its second-quarter income by more than $1 billion, and other companies pointed to import ...

US automakers say Trump's 15% tariff deal with Japan puts them at a disadvantage

U.S. automakers worry that President Donald Trump’s agreement to tariff Japanese vehicles at 15% would put them at a ...

Wall Street ticks up to another record as GM and others show how tariffs are impacting them

General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.

GM reports massive profit loss due to Trump's destructive tariff war

The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported losses this week.