New York (CNN) — General Motors reported a record adjusted net income for 2024 on Tuesday, just a year after the costly strike by the United Auto Workers union, and said it expects even better operating results in the year ahead.
But the company admitted a number of policy headwinds from the Trump administration could derail that profit guidance, as GM and the rest of the US auto industry deals with making plans in the face of uncertainty.
Tariffs on imports from Canada and Mexico, which provide parts to GM’s US plants, could badly disrupt the automaker’s supply chain and raise the cost of assembling cars and trucks. GM also has assembly plants in both countries sending cars to the US market.
President Donald Trump is also taking aim at federal support for electric vehicles and the Environmental Protection Agency’s emission rules, which could delay GM’s planned shiftfrom gasoline-powered vehicles to electric vehicles over the course of the next …