GM Q2 profit falls 35%: Tariff hit reaches $1.1 billion, automaker retains full-year forecast lowered in May
General Motors reported a 35% decline in second-quarter profit, reaching $1.89 billion, but exceeded Wall Street expectations. Despite tariff-related challenges, GM maintained its full-year earnings forecast, offsetting impacts through cost initiatives and strategic pricing. The company's EV sales increased, reaffirming its commitment to electric vehicle production amidst broader industry strains from trade policies. 
