This Monday, General Motors (GM) appointed Duncan Aldred as president of his operations in North America, with immediate effect and days after the automobile manufacturer reduced his earning forecast by 2025 due to concerns about US tariffs.
Aldred, who has been in GM for 33 years, was recently vice president of the company’s commercial growth and growth strategies.
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The appointment comes at a time when the American business of the traditional car manufacturer has been pressed by the wide tariffs on foreign auto parts imposed by President Donald Trump earlier this month
GM cut its annual benefit forecast and added that it foresees a tariff impact of up to 5 billion dollars. The company has also suspended the repurchase of shares worth 2 billion dollars.
With Reuters information
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