In a statement released on April 29, the storied Detroit-based automaker General Motors announced its financial results for the first quarter of 2025. It also noted that it will release updated 2025 full-year guidance to account for the potential impact of tariffs on the automaker's bottom line.

General Motors issued a warning about how tariffs may affect its business in the future, as the Trump Administration promises some imminent relief for automakers in the U.S. "We believe the future impact of tariffs could be significant," GM Chief Financial Officer Paul Jacobson told reporters on a call, Reuters reported.