About half of the vehicles GM sold in the U.S. last year were imported. GM lost $2.8 billion in Q2 free cash flow due to tariffs. CEO Mary Barra notes a global trade imbalance: “not a level playing ...
The U.S. tariffs on imported automotives and automotive parts have cost GM immensely this year. Tariff payments shaved $2.8 billion off General Motors second-quarter adjusted automotive free cash flow ...
Automaker CEOs have worked diligently to improve relationships with President Donald Trump this year due to tariffs threatening profit margins. Saudi Arabia is one of the largest car markets in the ...
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