GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
1. GM cuts 2025 profit forecast by over 20% due to tariffs. 2. Tariffs will increase GM's costs by $4-$5 billion this year. 3. GM plans to offset 30% of tariff impact via U.S. plant production. 4. Vehicle prices expected to rise by 0.5% to 1% this year. 5. Other automakers are increasing U.S. production amid tariff changes.