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General Motors Company (NYSE:GM) CEO Mary Barra postponed an earnings call to Thursday, May 1, sending the auto manufacturer’s share prices lower in the premarket session.
The announcement came after the Detroit-based company reported first-quarter results.
According to the financial results:
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General Motors exited the quarter with cash and equivalents worth $12.021 billion, and inventories worth $15.257 billion.
In January, the company announced that it saw 2025 adjusted earnings in a range of $11 to $12 per share. The analyst consensus estimate pegs at $10.99 per share.
According to the latest media reports, President Donald Trump will relieve U.S. manufacturers by easing some duties imposed on foreign parts in domestically manufactured vehicles.
The Wall Street Journal reported Monday that car manufacturers paying the tariffs wouldn’t be charged on materials like aluminum and steel. Tariffs already paid on these materials would be reimbursed to the manufacturers.
According to Benzinga Pro, GM stock has gained over 2.6% in the past year. Investors can gain exposure to the stock via First Trust Nasdaq Transportation ETF (NASDAQ:FTXR).
Price Action: GM shares are trading lower by 2.35% to $46.13 premarket at last check Tuesday.
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