For example,
General motors confirms its 2025:
The American automaker General Motors has confirmed its forecasts for the entire financial year. Nevertheless, including the impact of customs duties, after a second quarter having exceeded the expectations of analysts.
Between April and June, the Detroit giant gave turnover of $ 47.12 billion (-1.8%) and a net profit of 1.89 billion (-35.4%), he announced in a statement on Tuesday.
Reported by action and excluding exceptional elements – Reference for markets -, net profit stands at 2.53 dollars which is greater than 2.34 dollars anticipated by FostSet consensus.
The group estimated the net impact of customs duties in this quarter at $ 1.1 billion (877 million francs), and confirmed a gross impact around 4 to 5 billion dollars for the whole year.
He warned that this net impact should be higher in the third quarter. In addition, compared to the second, general motors confirms its 2025 because of a calendar effect on the indirect effects of surcharges on costs’.
GM nevertheless claims to have made great progress to reduce this impact by at least 30% thanks to production adjustments. targeted costs on costs and coherent pricing ‘.
In electronic exchanges before opening the New York Stock Exchange, Action General Motors fell 3.76%.
Impact
Mary Barra. a patron saint of GM, assured, in a letter to the shareholders accompanying the publication of the results, that the investment of $ 4 billion announced in June for American factories would in particular make it possible to ‘greatly reduce’ exposure to customs from customs.
Since April 3. vehicles imported into the United States have been taxed at 25% but those from Canada and Mexico-with which the United States has a free trade agreement (ACEUM)-can have a lower rate.
President Donald Trump announced a temporary reduction in early May for two general motors confirms its 2025 years.
For all vehicles manufactured. sold in the United States with imported spare parts, American and foreign manufacturers will be able to deduct 15% of the recommended sale price in the first year – and 10% per second – customs fees of 25% on the following imports.
In the wake of this announcement, GM had lowered its annual forecasts.
He confirmed them on Tuesday while stressing that the second half should be lower than the first because the period will be allocated in full by customs duties. while only the second quarter was on the first part of the year.
In detail, excluding exceptional elements, GM expects an operating profit between 10 and 12.5 billion dollars (13.7 to 15.7 dollars previously) in 2025 in 2025, a net profit per share between 8.25 and 10 dollars and a positive cash flow of 7.5 to 10 billion (11 to 13 billion before).
general motors confirms its 2025
Before Tuesday’s publication, FactstSet consensus was tapped on a net profit per share with comparable data of $ 9.22 for the year.
/ATS
General motors confirms its 2025
Further reading: A Couche-Tard removes its offer from the 7-Eleven convenience stores – Here’s how the business was skillfully suffocated – USA: Scott’s turn to put pressure on the Fed – Ramon Fernandez, current financial director of CMA CGM, succeeds Nicolas de Tavernost as president of RMC BFM – The Price and import price index (PPI) withdraw.