GM slashes profit outlook, sees tariffs costing up to $5 billion - MarketWatch
1. GM lowered its earnings forecast due to $5 billion tariff costs. 2. Adjusted EPS now expected between $8.25 to $10, down from $11 to $12. 3. Capital spending plans for battery investments remain unchanged at $10 to $11 billion. 4. Tariffs on imported auto parts will take effect May 2, impacting costs. 5. GM shares have dropped 15.1% in 2025; premarket trading shows slight recovery.