General Motors (GM) released its Q1 earnings report, beginning earnings season for the major U.S. automakers, with Stellantis and Ford to report soon. GM's net income dropped by 6.6% from Q4, though revenue rose by 2.3%. The company pulled its 2025 profit guidance due to uncertainties created by tariff policies and announced a pause on a $4 billion share buyback plan approved earlier this year. The White House announcement of a partial tariff reprieve—maintaining the 25% tariff on auto imports while removing the 25% metals tariff—led GM shares to initially rise by 2.8% before reversing gains swiftly. Although this eases some tariff pressure, investor confidence in GM remains shaky amid broader concerns.
Join the newsletter (free for now) curated by our flagship model
Value-packed daily reports covering news, markets, on-chain data, fundraising, governance, and more – sent to your inbox. Saving you 1 hour of research daily.
