GM Profit Falls
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The tariff on imported Japanese cars has been cut to 15%, down from 25%, in a deal announced by President Donald Trump.
President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall Street’s expectations and the company stuck by its full-year financial outlook that it lowered in May.
With federal tax credits ending, the auto giant leans on its profitable gasoline-powered SUVs to fund a longer, tougher road to an all-electric future.
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The Bills are standing behind their 2025 first-round draft pick after he was accused of sexual assault in a lawsuit filed earlier this month.
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Even with shares down 12% this year, Tesla Inc. (NASDAQ:TSLA) still carries an out-of-this-world price-to-earnings ratio of 189x. That's not just lofty—it's meme-level. Tesla's Valuation Is Still From Another Planet For context,
Automaker General Motors posted a 12% sales gain through the first half of year while working to mitigate the effects of President Donald Trump's tariffs.
The Detroit automaker signed an agreement with Redwood Materials to turn new and used EV batteries into storage systems to power AI data centers.
You'd be mistaken if you thought the Pittsburgh Steelers were going all in this season when their sole plan at quarterback was signing a 41-year-old in the twilight of his NFL career.
General Motors had a more than $1 billion chunk taken out of its profits due to tariff costs, the company reported on Tuesday. GM, as well as other automakers like Stellantis, have contributed to evidence indicating American companies and consumers—not exporters—are the ones paying for tariffs.