GM Raises Profit Forecast After Supreme Court Tariff Ruling
General Motors raised its full-year adjusted EBIT forecast to $13.5-$15.5 billion, up $500 million from prior guidance, following a Supreme Court ruling that lowered its tariff bill.
Key facts
- GM raised its adjusted EBIT forecast to $13.5-$15.5 billion for the full year.
- The increase of $500 million is attributed to a Supreme Court ruling that lowered GM's tariff bill.
- The prior guidance was adjusted upward by $500 million.
Entities
Institutions
- General Motors
- Supreme Court
Sources
- Quartz —