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Posted by
Two Blokes May 3 -
Filed in
Stock
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General Motors reported solid Q1 earnings but adjusted guidance downward due to a $4-$5 billion EBIT impact from tariffs, with the potential to offset 30% of this impact. Automotive revenue grew 1.7% to $39.9 billion, but margins contracted due to increased COGS. GM's flexible manufacturing and "COVID-era playbook" are key to mitigating tariff impacts, but economic uncertainty and weakening consumer sentiment pose significant risks.
