General Motors Faces Tariff Challenges Amid EV Growth
Alice and Lewis discuss how US tariffs are impacting General Motors' profits, despite a recovery in China and strong EV sales.
In this episode of UK Business Morning, Alice and Lewis delve into the financial challenges General Motors is facing due to U.S. tariffs, particularly the 25% tariff on imported foreign-made cars. Despite a rebound in the Chinese market and robust electric vehicle (EV) sales, GM's second-quarter earnings dropped 32% year-on-year. The hosts examine the company's strategy to mitigate these costs through trade deal adjustments and production changes. They also highlight GM's significant investment in EVs and North American battery supply chains, as well as the CEO's outlook for the future of the EV market. Tune in for a comprehensive look at how GM is navigating these challenges while positioning itself for long-term growth.
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