GM’s $5billion hit due to Donald Trump’s tariffs will not impact Cadillac F1 project

General Motors president Mark Reuss has revealed a potential $5 billion hit from tariffs introduced by United States president Donald Trump – but insists it will not impact on the Cadillac Formula 1 team.
Having cut its profit forecast due to the uncertainty in the automotive industry caused by Trump’s tariff plans, Reuss said GM – Cadillac’s parent company – could be set for a huge ...Keep reading