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GM Warns $2.5B Tariff Costs, Material and Chip Headwinds

By Drooid · Oct 29, 2026 · How we work

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Summary

U.S. automakers report $2 billion cost headwinds from materials, chips and diesel.
General Motors forecasts $2 billion material, chip and diesel expenses and $2.5 billion tariff costs this year.
GM CFO Paul Jacobson warned material price levels will challenge profitability next year.
EVs represent about 6% of U.S. new-car sales.
Hybrid vehicle sales rose 27% over the past year.

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U.S. automakers report $2 billion cost headwinds from materials, chips and diesel.
General Motors forecasts $2 billion material, chip and diesel expenses and $2.5 billion tariff costs this year.
GM CFO Paul Jacobson warned material price levels will challenge profitability next year.
EVs represent about 6% of U.S. new-car sales.
Hybrid vehicle sales rose 27% over the past year.