GM appoints insider Duncan Aldred to lead North America business
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FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook/File Photo/File Photo
(Reuters) -General Motors on Monday named insider Duncan Aldred the president of its North America business, effective immediately, days after the automotive manufacturer cut its 2025 profit forecast on concerns over U.S. tariffs.
Aldred, who has been with GM for 33 years, was most recently vice president of the company's commercial growth strategies and operations segment.
He will report to Rory Harvey, the president of the Detroit automaker's Global Markets business.
The appointment comes at a time when the legacy automaker's U.S. business has come under pressure from President Donald Trump's sweeping import tariffs on foreign auto parts.
Earlier this month, GM trimmed its annual profit forecast, adding that it expects a tariff impact of up to $5 billion. The company has also paused share buybacks worth $2 billion.
(Reporting by Aishwarya Jain in Bengaluru; Editing by Vijay Kishore)
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