DETROIT -- The impact of President Donald Trump’s tariffs could cost General Motors up to $5 billion this year. In a letter issued to shareholders Thursday, the Detroit-based automaker lowered its 2025 profit projections to reflect the anticipated impact of the tariffs.

In a statement released on April 29, the storied Detroit-based automaker General Motors announced its financial results for the first quarter of 2025. It also noted that it will release updated 2025 full-year guidance to account for the potential impact of tariffs on the automaker's bottom line.

General Motors cites engine defect in Cadillacs, Chevrolets and GMC brands which could lead to complete breakdown.

General Motors is recalling 597,630 of its full-size U.S. trucks and SUVs because the vehicles' V8 engines can fail without warning, raising the risk of a crash. Manufacturing defects in the connecting rod and/or crankshaft engine components "can lead to engine damage and engine failure,