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GM reports 35% profit drop in Q2, cites tariffs, plans $4B investment to mitigate costs.
General Motors reported a 35% drop in second-quarter profit to $1.89 billion, largely due to a $1.1 billion tariff impact.
Despite the decline, the company beat expectations and maintained its full-year outlook.
CEO Mary Barra announced a $4 billion investment in U.S. plants to reduce tariff exposure.
GM also reported a 46,300-unit increase in electric vehicle sales in Q2, although the U.S. EV market growth has slowed.
The company aims to mitigate at least 30% of its anticipated $4-5 billion tariff impact through cost initiatives and pricing adjustments.
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GM reporta una caída de ganancias del 35% en el segundo trimestre, cita aranceles, planea invertir $4 mil millones para mitigar costos.