New York, May 1, 2025 (AFP) - GM cuts 2025 outlook, projects up to $5 bn hit from tariffs

NAMPA / AFP

2025-05-01

General Motors on Thursday lowered its 2025 earnings outlook and said it expects a $4-5 billion hit from US President Donald Trump's tariffs, despite moves this week to dampen the blow. On Tuesday, Trump signed an executive order to limit the impact of multiple overlapping tariffs on automakers. He also released a proclamation that gives the industry a two-year grace period to move supply chains back to the United States and reduce "American reli......

Restricted content

Business & Finance News

2025-05-01 18:31:19

New York, May 1, 2025 (AFP) - GM cuts 2025 outlook, projects up to $5 bn hit from tariffs

2025-05-01 18:31:11

2025-05-01 17:30:42

Washington, May 1, 2025 (AFP) - US manufacturing contraction deepens amid trade uncertainty

2025-05-01 17:30:33

London, May 1, 2025 (AFP) - IKEA opens new London city centre store

2025-05-01 17:00:56

Istanbul, May 1, 2025 (AFP) - Police deploy in force for May Day in Istanbul, arrest hundreds

2025-05-01 17:00:55

New York, May 1, 2025 (AFP) - Microsoft raises Xbox prices globally, following Sony

2025-05-01 16:31:22

Reykjavik, May 1, 2025 (AFP) - Animal rights activists denounce Icelandic whaling plans

2025-05-01 16:31:21

Washington, May 1, 2025 (AFP) - Musk admits DOGE cost-cutting drive falls short

2025-05-01 16:31:15

Washington, May 1, 2025 (AFP) - US manufacturing contraction deepens amid trade uncertainty

2025-05-01 16:31:13

New York, May 1, 2025 (AFP) - US stocks rise on Meta, Microsoft ahead of key labor data

2025-05-01 16:31:08

Latest NAMPA photos

NKURENKURU, 29 April 2025 - A group of learners, teachers from various secondary schools, and officials from different offices in the Kavango West Region joined the rest of the nation in a march against violence against children on Tuesday. (Photo by: Lylie Joel) NAMPA

NAMPA

LÜDERITZ, 29 April 2025 - Debmarine Namibia Chief Executive Officer (CEO), Willy Mertens. (Photo by: Josephine Simeon) NAMPA

NAMPA

GOBABIS - Senior traditional councillor Gerson Kunomundu Katjirua of the Ovambanderu Traditional Authority (Photo: Contributed)

NAMPA

GOBABIS - Senior traditional councillor Gerson Kunomundu Katjirua of the Ovambanderu Traditional Authority (Photo: Contributed)

NAMPA

WINDHOEK, 28 April 2025 - North Korea's Ambassador Jong Song. (Photo by: Linea Dishena) NAMPA

NAMPA

WINDHOEK, 28 April 2025 - North Korean Ambassador Jong Song (L) pictured with President Netumbo Nandi-Ndaitwah during a courtesy farewell at State House on Monday. (Photo by: Linea Dishena) NAMPA

NAMPA

TUHINGIRENI, 27 April 2025 - Residents of Tuhingireni gathered under a tree to discuss the neighbourhood’s concerns. (Photo by: Sawi Hausiku) NAMPA

NAMPA

WINDHOEK, 28 April 2025 - Heroes Acre Site Manager Helena Nengola pictured with Speaker of the National Assembly Saara Kuugongelwa-Amadhila. (Photo by: Andreas Thomas) NAMPA

NAMPA