General Motors CEO Mary Barra warns Trump's tariffs will cost automaker up to $5B this year
General Motors on Thursday slashed its full-year forecast as its CEO Mary Barra warned of “a current tariff exposure of 5 billion.”The company, which owns brands including Chevrolet, Buick and Cadillac, now expects a profit between 10.1 billion, down from previous projections of between 12.5 billion, as it faces a steep 25% tariff on foreign vehicle imports.It expects adjusted earnings of 10 a share, down from its previous forecast of 1 ...