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GM reports 35% drop in Q2 profit but beats Wall Street expectations, plans to offset tariffs.
General Motors (GM) reported a 35% drop in second-quarter profit to $1.89 billion, with revenue falling to $47.12 billion.
Despite these declines, GM's results surpassed Wall Street expectations, and the company maintained its full-year financial outlook.
CEO Mary Barra highlighted efforts to mitigate $4 billion to $5 billion in tariff costs through manufacturing adjustments and investments in U.S. plants.
Electrification remains a priority, with EV sales up to 46,300 units in the quarter.
Shares fell 3% pre-market.
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GM informa una caída del 35% en las ganancias del segundo trimestre, pero supera las expectativas de Wall Street, planea compensar los aranceles.