The company’s revenue forecasting for 2025 has been reduced after adjustment due to new duties. The company will continue the dialogue with the White House on trade policy changes.
General Motors renovated the income forecast for 2025, which warned about the potential negative impact of duties at $ 5 billion. The updated forecast has been published after amendments to the Donald Trump administration, Reuters reports.
In a letter to shareholders, GM GM GM Mary Barra noted that the company will continue talking to the White House on trade policy changes. According to him, negotiations with major US trade partners may have further impact.
The previous forecast, published in January, did not consider the new duties, so GM removed it two days ago and published the update. According to him, the company is now expecting an annual operating profit for $ 10-12.5 billion, while earlier $ 13.7-15.7 billion. Net Profit is predicted at $ 8.2-10.1 billion, which is also less than the previous range of $ 11.2-12.5 billion.
GM Capital Investments in 2025 are expected within $ 10-11 billion.
In the CNBC commentary, Mary Barra said the company intends to increase production in the United States and is about to publish related plans. He emphasized that GM aims to expand the localization of labor to reduce hope for imports against the background of tariff intensity.
Despite the risk of increasing prices for new cars, which may be due to duties, the company is still from the fact that the price environment will remain stable, though industry forecasts suggest a possible increase in prices for thousands of dollars.
We will remind you, earlier it was reported that the US Senate did not have enough voice for a resolution against Trump’s duties.
Americans expressed unpleasantness to Trump’s duties
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.