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GM Shares Plummet 9% Amid $2.96B Loss and Tariff Fears

1/30/2025

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Summary

Story summary

General Motors (GM) shares fell nearly 9% on Tuesday, leading declines in the S&P 500 amid tariff worries.
The company reported a fourth-quarter net loss of $2.96 billion, despite generating $47.7 billion in revenue.
GM faced $5 billion in one-time charges, primarily from restructuring in China and discontinuing its Cruise robotaxi program.
The automaker projects a net income of $11.2 billion to $12.5 billion by 2025, depending on North American policy stability.

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Story summary

General Motors (GM) shares fell nearly 9% on Tuesday, leading declines in the S&P 500 amid tariff worries.
The company reported a fourth-quarter net loss of $2.96 billion, despite generating $47.7 billion in revenue.
GM faced $5 billion in one-time charges, primarily from restructuring in China and discontinuing its Cruise robotaxi program.
The automaker projects a net income of $11.2 billion to $12.5 billion by 2025, depending on North American policy stability.