Overview

• General Motors reported a 6.6% decline in Q1 net profit to $2.7 billion, while adjusted EPS rose 6.1% to $2.78, beating analyst expectations.
• Vehicle sales surged 17%, driven by consumer demand ahead of the implementation of new 25% tariffs on imported vehicles and parts.
• GM's China operations returned to profitability with $45 million in equity income, offsetting a $300 million foreign exchange headwind from a weak Mexican peso.
• The company postponed its earnings call to May 1 and withdrew its full-year guidance, citing uncertainty surrounding evolving U.S. trade policies.
• A White House executive order introduced rebates and adjustments to auto tariffs, but analysts predict significant long-term cost impacts for automakers.