GM Q2 profit falls 35%: Tariff hit reaches $1.1 billion, automaker retains full-year forecast lowered in May
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General Motors reported a 35% decline in second-quarter profit, reaching $1.89 billion, but exceeded Wall Street expectations. Despite tariff-related challenges, GM maintained its full-year earnings forecast, offsetting impacts through cost initiatives and strategic pricing. The company's EV sales increased, reaffirming its commitment to electric vehicle production amidst broader industry strains from trade policies. What's Your Reaction?
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