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The Independent UK
The Independent UK
National
Michelle Chapman

GM quarterly profit slumps 35%, but it sticks by full year outlook that was lowered in May

GM General Motors Donald Trump United States Stellantis
General Motors Results - (Copyright 2024 The Associated Press. All rights reserved)

General Motors’ profit declined 35% in its second-quarter but the automaker easily topped expectations and stuck by its full-year financial outlook that it lowered in May.

GM CEO Mary Barra also said in a letter to shareholders on Tuesday that the automaker is attempting to “greatly reduce our tariff exposure,” citing $4 billion of new investment in its U.S. assembly plants.

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