President Donald Trump’s bevy of tariffs have impacted a number of industries over the past few months, and are being used as leverage to hammer out new, more favorable trade deals with other countries. Some deals have indeed been made already, but automakers are working to mitigate the impacts of them, regardless. In the meantime, Stellantis just posted a $2.7 billion dollar loss in the first half of 2025 – $351 million of which stems from tariffs – and General Motors (GM) is also blaming those levies for its own big loss.
According to GM Authority, GM recorded $1.9 billion in net income on $47 billion in revenue in Q2 2025, which is a 35.4 percent drop in net income and a 1.8 percent decrease in revenue compared to Q2 2024. Earnings Before Interest and Taxes (EBIT) came in at $3 billion in the second quarter, which is 31.6 percent or $1.4 billion less than its $4.438 billion EBIT in Q2 2024. GM’s net income margin was 4.0 percent, while earnings per share (EPS) diluted came in at $1.91, down 25.1 percent from $2.55 in Q2 2024.
GM didn’t say exactly how much tariffs impacted its Q2 financials, but did note that it won’t change its previous earnings guidance for the remainder of 2025. That’s a stark contrast to Ford, which previously stated that it would be suspending its full-year guidance when releasing its Q1 earnings report due to tariffs. We’ll know precisely how tariffs impacted Ford over the second quarter when it releases its own financial report, which is set to happen on July 30th.
In the meantime, Ford has worked to mitigate the impacts of tariffs in every conceivable way, stocking up on parts that comply with the current U.S.-Mexico-Canada Agreement, and also altering supplier contract terms to be more stringent. In exchange for accepting those new terms, Ford is reportedly offering those suppliers new business and tariff cost relief, however.
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