General Motors anticipates a smaller impact from tariffs and is boosting its full-year adjusted earnings forecast as its third-quarter performance topped Wall Street's expectations.

Shares surged more than 9% before the market open on Tuesday.

What You Need To Know

The automaker reduced its expectations for the full-year gross impact from tariffs to a range of $3.5 billion to $4.5 billion

Its previous guidance was $4 billion to $5 billion

GM anticipates its tariff mitigation actions will offset about 35% of the impact due to a lower tariff base

On Friday, President Donald Trump gave domestic automakers additional relief from tariffs on auto parts

The automaker reduced its expectations for the full-year gross impact from tariffs to a range of $3.5 billion to $4.5 billion. Its previou

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