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GM Suffers $1.1B Hit Because Of Trump's Tariffs GM Suffers $1.1B Hit Because Of Trump's Tariffs
GM Suffers $1.1B Hit Because Of Trump's Tariffs General Motors had a $1 billion hit over three months due to President Donald Trump's sweeping tariffs that have shaken the auto industry. GM reported a net income of $1.9 billion for the second quarter of 2025, down by about $1.1 billion from Q2 2024. Revenue slipped 1.8% to $47.1 billion. The automaker's North American operations were hit hardest, with profits falling nearly 46%. GM previously lowered its full-year outlook in May to account for a projected $4 billion to $5 billion tariff hit, which didn't change in the Q2 earnings report. Chief financial officer Paul …

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by Chris Spiker
Business
Panic Buying Shrinks US Vehicle Supply As Trump's Tariffs Set Up Summer Price Hikes Panic Buying Shrinks US Vehicle Supply As Trump's Tariffs Set Up Summer Price Hikes
Panic Buying Shrinks US Vehicle Supply As Trump's Tariffs Set Up Summer Price Hikes The US supply of new and used vehicles is quickly declining after car shoppers rushed to make purchases before President Donald Trump's sweeping tariffs shook the auto industry, setting the stage for a costly summer. New-vehicle stock fell to 2.69 million units by Tuesday, April 1, according to auto data company Cox Automotive. That was down 10.2% from the start of March and 2.4% lower than the same time in 2024. Buyers flooded showrooms in the final week of March, driven by seasonal trends and fears of price hikes tied to Trump's rapidly changing tariffs. "With import tariffs no…

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by Chris Spiker
News
Transmission Defect Could Lock Up Wheels, Prompting Massive Cadillac, Chevy Recall Transmission Defect Could Lock Up Wheels, Prompting Massive Cadillac, Chevy Recall
Transmission Defect Could Lock Up Wheels, Prompting Massive Cadillac, Chevy Recall A transmission defect in more than 90,000 Cadillac and Chevrolet vehicles could cause the front wheels to lock up while driving, increasing crash risks, officials said. The recall affects about 90,081 2019-2020 Cadillac CT6, 2020-2021 Cadillac CT4 and CT5, and 2020-2022 Chevrolet Camaro models equipped with a 10-speed transmission, the National Highway Traffic Safety Administration said. According to NHTSA, internal transmission damage could lead to sudden wheel lock-up, creating a serious hazard for drivers. To fix the issue, GM will install transmission control module monitoring…

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by Chris Spiker