General Motors’ net income has taken a massive 35% hit – amounting to $1.1 billion – thanks to additional costs and uncertainty within the auto industry regarding the Trump Administration’s tariffs. According to GM’s second-quarter earnings report, total revenue has taken a 1.8% dive at GM from $47.97 billion to $47.1 billion USD. Ironically, the drop comes amid increased sales during Q2 thanks to models like the Chevrolet Trax, Buick Envista, the GMC Acadia, and the Chevrolet Silverado doing most of the heavy lifting.
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