GM falls premarket on forecast pull, freezes buyback

Shares of General Motors GM.N fall 3.1% to $45.8 per share before the bell

Detroit-based automaker suspends FY25 forecast, reflecting impact of Trump's global trade war on the auto industry

It forecast 2025 net income of $11.2 billion to $12.5 billion in January

Freezes buyback program; it had $300 million in repurchase capacity outstanding at the end of 2024

Q1 adjusted EPS of $2.78 tops analysts' estimate of $2.74/share

Q1 net income down 6.6% to $2.78 billion

Stock down 11.3% this year, as of last close