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GM Stock Struggles Despite Auto Tariff Reprieve as Earnings Disappoint
GM Stock Struggles Despite Auto Tariff Reprieve as Earnings Disappoint
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General Motors’ first-quarter earnings release sparked investor concern despite a temporary reprieve from auto tariffs. The automaker withdrew its 2025 profit guidance, citing uncertain tariff policies, while simultaneously pausing a planned $4 billion share buyback program approved just three months prior.
GM’s financials showed mixed results: a 6.6% quarterly decline in net income contrasted with a 2.3% revenue increase. The unusual decision to delay the earnings call by two days after releasing results added to market unease. Shares initially fell at Tuesday’s open before recovering with a 2.8% intraday gain.
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