NEW YORK, July 22 (Xinhua) -- The net profit attributable to stockholders of General Motors (GM) slumped 35.4 percent to over 1.89 billion U.S. dollars in the second quarter of 2025, as tariffs cost the U.S. automaker 1.1 billion dollars in the quarter.
GM's revenue in the second quarter declined 1.8 percent year on year to 47.12 billion dollars, still topping the market's estimate of 45.84 billion dollars, according to the second quarter performance report released by GM on Tuesday.
GM is anticipating the gross tariff impact this year to be unchanged at 4-5 billion dollars.
In a letter to shareholders on Tuesday, GM CEO Mary Barra said the company is attempting to reduce tariff exposure by making new investment in its U.S. assembly plants.
Through manufacturing adjustments, targeted cost initiatives and consistent pricing, GM aims to mitigate at least 30 percent of the expected cost increase due to tariffs.
According to the non-profit Center for Automotive Research, a uniform 25 percent tariff on all trading partners would have an increased cost of 107.7 billion dollars to all U.S. automakers and an increased cost of 41.9 billion dollars for the Big Three automakers -- GM, Ford and Stellantis.
