The automaker rescheduled its earnings call from Tuesday to Thursday morning due to possible “updates to trade policy.” In a press release, the company said its initial financial guidance did not consider the potential impacts of the tariffs. (The Logic)
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The automaker rescheduled its earnings call from Tuesday to Thursday morning due to possible “updates to trade policy.” In a press release, the company said its initial financial guidance did not consider the potential impacts of the tariffs. (The Logic)
Talking point: The financial upheaval at General Motors comes as White House and cabinet officials expect U.S. President Donald Trump to relieve the auto industry of some tariffs in an executive order on Tuesday. GM’s first-quarter revenue hit US$44 billion, up from US$43 billion in the same quarter last year. But its net income of US$2.8 billion was down 6.7 per cent year-over-year, as the auto industry grappled with uncertain trade policies. GM’s Canadian plants recently faced production delays due to excess inventory and parts shortages. Its shares fell about one per cent Tuesday.
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