GM Profit Shrinks
Digest more
GM, tariffs
Digest more
Despite a decrease in overall sales for the year, EVs are shining bright in the lead-up to September’s consumer credit deadline.
With federal tax credits ending, the auto giant leans on its profitable gasoline-powered SUVs to fund a longer, tougher road to an all-electric future.
General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall Street’s expectations and the company stuck by its full-year financial outlook that it lowered in May.
Another reason that Cadillac could be a sneaky help to General Motors' EV ambitions is because the administration's tariff policy has a very limited impact on Cadillac. The brand is almost entirely produced in the U.S., with the exception of the Optiq that is produced in Mexico.
GM is set to launch a series of updates for the Super Cruise hands-free driver assist system in conjunction with the 2026 MY, including Google Maps integration.
According to General Motors Insurance’s website, insurance is now also offered in Arkansas and Colorado. Coverage is offered even to drivers who don’t own a General Motors vehicle. Governor Landry signs executive order to form new alternative accrediting body in Louisiana
General Motors (NYSE:GM) reported adjusted EPS of $2.53, topping analysts' $2.45 estimate, but revenue declined 1.8% year?on?year to $47.12 billion. The sales drop in key North American and China markets raised questions about demand resilience.
GM warned the toll could grow in the second half of the year, reiterating its previous estimate of a $4 billion to $5 billion hit for the year. Shares dropped 7% during the day, even as the company's adjusted earnings per share of $2.