General Motors withdraws guidance due to 'massive tariff uncertainty,' analyst says

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General Motors withdraws guidance due to 'massive tariff uncertainty,' analyst says

^{Published on 2025-04-30 08:46:34 - Fortune}

GM joins a growing list of companies forgoing quarterly profit forecasts.

General Motors (GM) has withdrawn its full-year guidance due to massive uncertainty surrounding potential new tariffs on Chinese-made vehicles, as announced by CFO Paul Jacobson during a conference call with analysts. The decision comes in response to the U.S. government's consideration of imposing significant tariffs, which could disrupt GM's supply chain and affect its financial projections. Jacobson emphasized that the unpredictability of these tariffs makes it impossible for GM to provide accurate forecasts, leading to the withdrawal of guidance to avoid misleading investors. This move has caused concern among analysts, who are now reassessing their outlook on GM's performance amidst the ongoing trade tensions between the U.S. and China.

Read the Full Fortune Article at:
[ https://fortune.com/2025/04/30/general-motors-withdraws-guidance-massive-tariff-uncertainty-cfo-analyst/ ]

N@N

General Motors withdraws guidance due to 'massive tariff uncertainty,' analyst says