General Motors (GM) has experienced a dive in profits, the news coming as its leadership continues touting electric vehicles (EV).
According to the Daily Mail , General Motors “reported $1.89 billion in net income for the second quarter, a sharp $1.1 billion decline from $2.93 billion during the same period last year. That’s a 35 percent drop from the previous quarter alone,” the outlet said on Tuesday, noting it happened amid “regulatory upheaval” and “tariff pressure.”
GM has been trying to win over President Donald Trump’s administration even though some of the company’s initiatives that include trying to keep EV mandates and subsidies do…
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