General Motors Company (GM) Obviously Has A Tariff Problem, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As He Said “Pilots Are Too Expensive”. General Motors Company (NYSE:GM) is one of the stocks Jim Cramer recently discussed.

General Motors Company (NYSE:GM)’s shares dipped by 8% after its latest earnings report, which saw the firm announce a massive $1.1 billion earnings hit from tariffs. While the firm’s earnings beat analyst estimates, investors were worried about the impact of tariffs. Here’s what Cramer said about General Motors Company (NYSE:GM) after the earnings report:

“Yeah, GM, look they obviously have a, they obviously have a tariff problem, it’s much bigger than a lot of people think. The theme of this quarter is that you have to have a tariff problem, then you make it smaller. RTX did that. It was like wow, we thought it was going to be like 800, it was going to be like 500. So when you see something that seems like a very large number, it’s entirely possible that people say well wait a second, that’s not so good. I’d like to point out that there was a lot that was good. And I think that Mary Barra is doing a very, very fine job. Because the only thing, added cost, but they’re selling! And I think that those who wanna sell the stock, go ahead. I think that this is just another good quarter despite the tariff. I think they can handle that.

“They’re gonna have a lot more that I think can go their way. Uh, when I was speaking to Cleveland Cliffs yesterday, to Lorenzo Goncalves. . I mean he’s just talking about this is the beginning of a lot of different things. Very in flux. GM has. .has much, much exposure. Versus Ford. . . Because everyone in the industry knows that there’s a lot of companies ship a lot of stuff. Get to Allison Motor, down there in Mexico, it comes back. GM, David, it’s like back and forth with the car. . .that is not what they want.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.