finance
GM Board Excludes $3 Billion Tariff Losses from 2025 Profit Calculations for Executive Bonuses
General Motors discounted tariff-related losses when calculating profitability for executive bonuses, according to SEC filings. CEO Mary Barra received over $5 million in performance bonuses amid the adjustments. The company also suspended EV development and faced Pentagon discussions on military production.
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General Motors' board discounted approximately $3 billion in losses from President Donald Trump's tariffs in 2025 when determining the company's profitability for executive bonuses. The adjustment left bonuses for top executives unaffected, as detailed in SEC filings accessed by The Detroit News on Thursday, April 23, 2026.
Benzinga reported that these filings showed GM CEO Mary Barra received over $5 million in annual performance bonuses for 2025.
Barra's total compensation for 2025 exceeded $30 million, according to the SEC documents. GM President Mark Reuss received a $2 million bonus for the same year, with his overall compensation package totaling $19 million. The company paid hourly workers $10,500 in profit-sharing for 2025, down from $14,500 in 2024.
Separately, the Pentagon approached Barra and Ford CEO Jim Farley, along with other top executives, to discuss producing military supplies and weapons. U.S. munitions and equipment supplies. General Motors indefinitely suspended development of its next-generation EV pickup truck at the Factory Zero plant in Michigan.
6 billion charge. 52 during pre-market trading on April 24, 2026. Ford Motor Co.
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