General Motors' executives are secretly tracking President Trump's plan to impose tariffs on imports from Canada and Mexico, but the company has still made significant changes to North America in terms of intimidating tariffs. Not.
The car manufacturer summarizes the “wide -range playbook” of possible options, but the company's highest financial liability, “You can see the permanent level of tariffs until the world changes dramatically.” He told Paul Jacobson. Reporter at a telephone conference on Monday evening.
“I don't go into detail, but we are preparing for it and we want to make sure that we are wise and not overreacting,” he added.
Mr. Trump said last week that it is planning to impose 25 % tariffs from Canada and Mexico from February 1st Saturday. He said that if he followed those plans, tariffs would hit GM and other car manufacturers. Produces vehicles and components in these countries and will probably raise the price of many vehicles sold in the United States.
GM produced nearly 900,000 vehicles in Mexico in 2024. Most of them were shipped to the United States than other automakers. Among them are Chevrolet Syl Ballad, GMC Sierra Pickup Truck, and Chevrolet Equinox Sports Utility Vehicle. In Canada, we also produce a van for Silvarad and electric delivery.
GM said on Tuesday that it lost $ 3 billion in the last three months of 2024. It stated that this was due to a $ 4 billion non -cash expenses related to the reorganization of a joint venture in China. In the quarterly company, the revenue of the company has increased 11 %.
In 2024, GM reported a profit of $ 6 billion from $ 1023 in 2023. Most of the benefits were from North America.
The company also stated that the electric vehicle business is progressing to increase profitability. Jacobson said that it produced about 189,000 electric vehicles in North America last year and produced about 300,000 electric vehicles in 2025.
In GM's electric car business, Mr. Trump and Republican members abolish or reduce tax deductions in the Biden era, make their automobiles and trucks more affordable, and provide companies to produce batteries in the United States. You may suffer.
In a letter to shareholders, Mary T. Rose, the highest executive officer of GM, emphasizes the importance of powerful manufacturing departments and American leadership in conversation between Congress and White House. He said he was doing it.
“No matter what happens in these aspects, we have a wide and deep and deep portfolio of ice vehicles and EVs. Both are expanding market share,” she said. Execute as efficiently as possible. ”
For the powerful performance of the company in North America, GM said it would pay $ 14,500 bonuses to 46,000 members of the United Automobile Union working in a US factory.
