General Motors cut its profit forecast for 2025 on Thursday by more than 20% and said the Trump administration’s tariffs would increase its costs by $4 billion to $5 billion this year. - ThreadSky

nytimes.com • 12 hours ago

General Motors cut its profit forecast for 2025 on Thursday by more than 20% and said the Trump administration’s tariffs would increase its costs by $4 billion to $5 billion this year.

Comments

impeachelon.bsky.social•11 hours ago

💪 May 4th: We stand against tyranny Save the date:
we stand together to stop their agenda
1.2 million strong against corruption
RT to spread the word!
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randyturkeycreek.bsky.social•11 hours ago

Who would’ve thought that convicted felon with six bankruptcies and a close knit friendship with Jeffrey Epstein would make a bad president?

craigruss.bsky.social•11 hours ago

Those execs voted for this

andymke.bsky.social•11 hours ago

And I wish them nothing but what they deserve.

errepi.bsky.social•8 hours ago

It’s a gift from Trump to his Latino voters, so that they can get over their melancholy of old sweet Cuban roads

phasmatic.bsky.social•11 hours ago

I did that!

fva-0101.bsky.social•11 hours ago

Strengthening competitiveness by increasing expenses?

thomas482.bsky.social•11 hours ago

GM, do not show the tariff cost in your customer price. Trump will not like that.

doctoroctothorpe.bsky.social•37 minutes ago

"What's good for General Motors is good for the country."

https://history.defense.gov/Multimedia/Biographies/Article-View/Article/571268/charles-e-wilson/

kafkaesque2024.bsky.social•11 hours ago

Their fault for supporting Trump. Zero sympathy -- except for consumers/buyers who will inevitably pay a lot more.

eviloverlordactual.bsky.social•11 hours ago

Hey @deanakclark.bsky.social , how’s that manufacturing outlook?

jennycarter00.bsky.social•11 hours ago

Gee, this news is really confusing! Looks like GM is going to have to step up their game, no wonder their plans are changing. Considering the tariffs are such a “big deal”, it makes their finances go haywire. What do you think will be their next response?

peopleb4profit.bsky.social•11 hours ago

Republicans have been trying to KILL the American Auto Industry for decades now. They would love nothing more than all those Union Workers being unemployed.
How come Musk and Tesla are the only thugs being shamed?
Coors, Uline, Koch, Bezos should be publicly shamed for their part in Project 2025!

noshadylady.bsky.social•11 hours ago

Lol remember when "What's good for General Motors is good for America..."

rickeryx2.bsky.social•11 hours ago

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kai-ma0920.bsky.social•11 hours ago

Just as to Ukraine’s mineral contract, Trump will kneel down to tariff too

theclemsonkid.bsky.social•11 hours ago

Within 12 hours Donald Trump will rage tweet about this. Within 48 hours GM will walk it back, cowering to Trump. Within a week, the CEO and Trump will meet and smile for pictures.

ruthmg2653.bsky.social•11 hours ago

You don't forecast a 20% drop in profits without laying off employees.

kalb25.bsky.social•11 hours ago

I already had two friends tell me they had planned to replace their cars this year but now they won’t.

kellykellygirl.bsky.social•12 hours ago

And so it begins.....

johnbeeyan.bsky.social•11 hours ago

Maybe someday President Trump will think beyond step one…

https://youtu.be/guC5U9cqCu0?si=_LbcfMAcq89PyIii

thepigeon.bsky.social•11 hours ago

texastoe.com•11 hours ago

But but but, Biden is old

seanelf.bsky.social•11 hours ago

Prices will rise. Tariffs will be lifted. Prices will NEVER go down.

And I'll still never buy a Ford or Tesla.

Cutting income taxes by 10k and raising the price of everything by 40k proves this is a grift.

Get this failed gameshow host the fuck out of my life.

seanelf.bsky.social•11 hours ago

Or GM.