TOKYO -- General Motors has slashed its annual earnings guidance while quantifying the impact of U.S. President Donald Trump's tariffs, stressing its efforts to reduce dependence on Chinese parts.
Automobiles
GM flags up to $5bn in tariff costs, says it cut China parts dependence
US carmaker paints optimistic picture even as Shanghai joint venture struggles
GM's Buick exhibit at the Auto Shanghai show on April 26. The U.S. auto group expects a "tailwind" from the restructuring of its China business. (Photo by Shinya Sawai)
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