Transportation
GM’s Profit Outlook Draws Skepticism as Tariff Threats Loom
- Guidance doesn’t take into account any potential Trump tariffs
- Closing of robotaxi unit to cut costs this year and in future
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General Motors Co. unveiled a better-than-expected profit outlook, but US President Donald Trump’s tariff threats raised uncertainty about the automaker’s business. The shares plunged.
Adjusted earnings before interest and taxes this year will range from $13.7 billion to $15.7 billion, the company said Tuesday in a statement that also detailed fourth-quarter results. GM previously indicated that 2025 profit would be in line with last year’s total, which amounted to $14.9 billion.