Carmakers Draw on Pickups, Tariff Refunds, and Service Revenue Amid EV Losses
By Panos Mourdoukoutas
Published on May 2, 2026.
Both General Motors (GM) and (Bespoke) companies are relying heavily on potential tariff refunds and service-based revenue to support profitability, while ongoing electric vehicle (EV) losses continue to negatively impact the sector. The companies highlighted these challenges in their first-quarter earnings reports.
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