Detroit, May 1 -- General Motors is lowering its profit expectations for the year as the carmaker braces for the potential impact from auto tariffs being rolled out by the US.
GM announced early this week that it was reassessing its expectations for 2025 due to tariffs. The company said at the time that its initial full-year financial outlook didn't contemplate their potential impact, reports AP.
On Thursday the automaker said that it now foresees full-year adjusted earnings before interest and taxes in a range of $10 billion to $12.5 billion. The guidance includes a current tariff exposure of $4 billion to $5 billion.
GM previously predicted 2025 adjusted EBIT between $13.7 billion and $15.7 billion.
The revised forecast comes after ...
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