Oct. 30, 2025 | Tariffs bite into automaker earnings; GM’s 3,300 layoffs explained

Tariffs and chip concerns hit the bottom lines of three global automakers. A new analysis suggests automakers are not getting the full tariff break on vehicles shipped to the U.S. from Canada and Mexico. Plus, Automotive News’ Lindsay VanHulle explains GM’s decision to lay off more than 3,000 workers as it rethinks its electric vehicle production plans.