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Barchart
Barchart
Mohit Oberoi

UNCOVERED: Will ford stock follow in gm s footsteps and plunge on july 30 | History Defined

Ford GM Donald Trump Stellantis

The Q2 earnings season hasn’t treated Detroit automakers well. 

For instance, General Motors (GM) plunged over 8% yesterday, July 22, despite beating Q2 earnings estimates. The company disclosed a $1.1 billion hit from President Donald Trump’s auto tariffs in Q2 and reiterated that it expects the annual impact to be between $4 billion and $5 billion.

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