DETROIT, MI — General Motors says its revenue climbed to $44.02 billion in the first quarter of 2025, which was up 2.3% from $43 billion for the same period 2024. However, the automaker’s net profit was $2.7 billion in Q1 2025, down 6.6% from prior year’s quarter of $2.9 billion.
GM says tariff concerns are still creating headwinds for the remainder of 2025. The automaker released its earning for Q1 Tuesday morning but is pushing back its conference call to discuss its guidance and quarterly results until Thursday, so that it can assess potential tariff changes.
Late Monday, the Wall Street Journal reported that President Donald Trump will possibly be dialing back on automotive tariffs, with anonymous sources claiming that he’ll stop duties on foreign-made cars from piling on top of other tariffs he implemented and easing some levies on foreign parts used to make cars in the U.S.
For shareholders, GM says it earned $2.78 billion, or $3.35 per share, for the three months ended March 31. A year earlier it earned $2.98 billion, or $2.56 per share.
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