General Motors (GM) announced this Tuesday that profits for the first half of the year fell by 19%, to $4.7 billion, or approximately €4.03 billion.
The American automaker also announced that revenue remained virtually unchanged at $91 billion (€78.08 billion).
Regarding the second quarter of 2025, GM reported a 35.5% decline in profits, to $1.89 billion (€1.62 billion), and revenues decreased by 1.77% to $47.12 billion (€40.39 billion).
“Despite the slower growth of the electric vehicle industry, we believe that the long-term future is the profitable production of electric vehicles, and that remains our goal,” wrote GM’s CEO, Mary Barra, in a letter to shareholders.
GM has also lowered its profit expectations for the year 2025 as it prepares for a potential impact from tariffs on automobiles of up to $5 billion (€4.29 billion) this year.
