Although GM has not announced major changes to its manufacturing plans, it is making adjustments to North American production in response to tariffs and other factors.

The postponement of GM's financial guidance follows reports of potential changes to the Trump administration's auto tariffs, expected to be announced on the same day.

Major financial institutions have downgraded GM's stock following the implementation of tariffs, although it remains rated overweight with a price target of $53.91 per share.

In response to these concerns, the White House confirmed that an executive order would be signed to ease some tariffs, aiming to boost domestic manufacturing jobs.

Trump is visiting Michigan on the same day to hold a rally and address the state's economic challenges, where the unemployment rate has risen to 5.5%.

Industry groups have urged the government to reconsider tariffs on imported auto parts, citing fears of increased car prices and potential job losses.

General Motors reported strong first quarter results on April 29, 2025, with revenues rising to $44.02 billion, up from $43.01 billion year-over-year.

This quarter marked GM's best sales performance in seven years, with growth across all vehicle brands.

Despite these positive results, GM's stock price fell over 2% prior to market opening, continuing a decline of over 10% since the start of the year.

The company had initially forecasted adjusted earnings per share between $11 and $12 for 2025, but this estimate did not account for potential changes in auto tariffs.

Analysts have noted a trend of consumers potentially panic buying vehicles to avoid future tariff-related price increases, which may lead to higher prices for cars, parts, and insurance.

Economists have raised concerns that the broader tariff policies could lead to increased prices and slower economic growth, potentially harming auto sales.