GM Trims Outlook After Solid Quarter, Plans to ‘Buy Where We Build’ to Counter Tariffs

GM grew revenue but cut its profit target amid new tariffs, and its CEO says the company will source more parts and build more vehicles in the United States.

The General Motors logo on the facade of its headquarters in Detroit, Michigan, on March 16, 2021. Reuters/Rebecca Cook/File Photo/File Photo

General Motors (GM) posted first‑quarter 2025 revenue of $44 billion, up 2 percent from a year earlier, while net income slipped 6 percent from the same period last year, to $2.8 billion. The Detroit automaker narrowed its full‑year operating profit forecast to between $10 billion and $12.5  billion, citing a potential $4 billion–$5  billion tariff bill tied to the Trump administration’s trade policies.

“Almost one million people in this country depend on GM for their livelihoods—including our employees, suppliers, and dealers,” GM Chief Executive Mary Barra told analysts during an earnings call on May 1.