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GM Q2 tariff impact: US$1.1bn, similar expected for Q3/Q4

GM's positive assessment of Q2 appears to sidestep its 6.6% fall in wholesales and near-halving of reported operating profit. By Jonathan Storey

"Consistent performance in a dynamic environment". That was General Motors' headline for its Q2 2025 results presentation. This seems a rose-tinted perspective on a set of results that included a 6.6% fall in wholesales and near-halving in reported operating profit. However, there's no arguing with the "dynamic environment" comment.

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