# GM now expects commodity inflation to set back adjusted earnings by as much as $2 billion this year.

*robotics · news · 2026-04-28 · Bloomberg*

## Key points

- General Motors raised its expected commodity inflation impact to as much as $2 billion for 2024.
- GM previously estimated the annual commodity inflation hit at no more than $1.5 billion.
- The war in Iran is directly contributing to higher costs for GM, especially in raw materials.
- GM's higher costs are affecting several areas including aluminum, steel, transportation, and logistics.

**Companies:** General Motors Co.
**Countries:** Iran

[Read the full story on Bloomberg](https://www.bloomberg.com/news/articles/2026-04-28/gm-boosts-profit-outlook-as-truck-sales-buck-rising-gas-prices)

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