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GM benefit decreases despite strong sales

The General Motor Motors income: Net News

Without decline, GM results exceed the limitations on the wall to get income and the use of work. The company kept its previous benefit of 2025.

In the book to shareholders, the Chief Executive Officer Mary Barra said GM “puts the business in a profitable, long-term future as we are familiar with the new trade and tax policies.”

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Mary Barra, CEO of the General Motors, speaks during the interview with David Rubenstein, the economic President Ritz Carlton Hotel on December 13, 2023 in Washington, DC. Barra included many cargo related articles (Photo is Anna Moneymaker / Pictures of Getty / Getty Photos)

Tax prices hit GM’s performance for $ 1.1 billion in second quarter. The $ 1.8 billion company income was low from $ 2.9 billion in second quarter of 2024. GM said his tax efforts “such as making many vehicles in its American factories, were found completely.

The company in this year said the taxes will increase $ 4 billion costs to $ 5 billion – about a third of its Pressask benefits last year – and that it aims to delete 30% of their action action.

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GM has not yet been active at the extensive price response, but Barra did not issue prices, the company will continue to process.

GM has sent a 12% retention industry for the first part of the year, according to COX Automotive. The sector sale was 7% at the same time, data cot computer.

American flag in Chevrolet Dealevip

The American flag is flying in Chevrolet Dealevip on August 4, 2021 in Glendale, California. (Mario Tama / Getty Photos / Getty Photos)

Trump in April put 25% tax prices for imported cars, even though he later smashed taxes from Canada in the Canada and Mexico.

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GM is about half of the vehicular vehicles in the US, including sub-korean projects with current prices under $ 30,000, and electric trucks built in Mexico and Canada.

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Suvals produces South Korea, like Chevy Trax, still covered their costs for producing even tax prices, GM said.

The company has announced the smaller part of the US production, such as bringing Chevrolet Blazer Suv gas into the Mexican factory to another in the spring hill, tenn.

“We try to make changes to pay less charge because we strengthen our US production,” Barrra said during the Wall Street journalist in May.

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