General Motors CEO Mary Barra has said she hopes tariffs can be avoided, as Mexican President Claudia Sheinbaum has signaled that authorities are "working and holding conversations to take the necessa

General Motors, the largest producer of cars in Mexico, won’t provide details on how it would react if President Trump imposes 25 percent tariffs from the two countries.

General Motors manufactured 22.3% of light vehicles in Mexico: it is the main automotive producer in the Mexican market

"I think we’ll do it February 1st." On the morning of January 28, Detroit Big Three automaker General Motors (GM) reported Q4 and full-year 2024 earnings, where they posted major losses. The automaker behind Chevrolet and Cadillac said it lost $2.

Restructuring charges led to a fourth-quarter net loss. The result marred what was a relatively strong year for the automaker.

General Motors reported a record adjusted net income for 2024 Tuesday, just a year removed from a costly strike by the United Auto Workers union, and said that it expects even better operating results in the year ahead.

Shares of GM are down 8% since Nov. 25 as Trump ratcheted up his views on tariffs. Ford's stock is off by 8.7%. Tesla's ( TSLA) stock is up 20% as CEO Elon Musk cozied up to Trump and leads his government cost cutting efforts.

General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street. The automaker is also taking a proactive approach with the United States government on regulations and doling out generous profit-sharing payouts to thousands of workers.

GM repurchased more than $7 billion in stock in 2024 and more than $11 billion in 2023. Repurchases have played a key role in boosting GM's profits by reducing shares outstanding and, by extension, supporting a higher stock price.

General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations as the U.S. automaker continued to see strong consumer demand

R.J. Scaringe said tariffs on Mexico and Canada could have a bigger impact than the end of the EV tax credit. Forget the EV tax credit. Rivian founder and CEO R.J. Scaringe is far more concerned about another threat from President Donald Trump: tariffs.

The remarks come amid ongoing discussions between the Trump administration and Mexican and Canadian officials.