GM Ate $1.1 Billion in Tariffs in Q2, Will “Likely” Eat More in Q3, Shifts Production to the US to Cut Costs, and Has Cash Left Over to Waste on Share Buybacks

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GM Ate $1.1 Billion in Tariffs in Q2, Will “Likely” Eat More in Q3, Shifts Production to the US to Cut Costs, and Has Cash Left Over to Waste on Share Buybacks

wolfstreet.com/2025/07/22/gm-ate-1-1-billion-in-tariffs-in-q2-will-likely-eat-more-in-q3-shifts-production-to-the-us-to-cut-costs-and-has-cash-left-over-to-waste-on-share-buybacks

Good news for the US economy and the precarious US fiscal situation, but not for the stock; shares tanked 8%.
By Wolf Richter for WOLF STREET.
GM, which reported earnings and the impact of tariffs today, imports vehicles from Mexico, South Korea, China, and Canada, and those that it…

This story appeared on wolfstreet.com, 2025-07-22 22:56:11.