General Motors v příštích měsících nasadí AI asistenta OnStar do elektrického modelu Cadillac Lyriq pro modelový rok 2027; následovat mají další vozy GM.
General Motors is adding a personal AI assistant to OnStar as part of a broader makeover of the subscription-based connected car service that the U.S. automaker launched 30 years ago.
The OnStar AI Assistant will debut in the 2027 Cadillac Lyriq EV in the coming months, with more GM vehicles to follow, the company said Wednesday at its GM Forward event in New York, where it made a series of other technology announcements covering software, automated driving, EVs, and its electrical architecture. The company said it will launch a new OnStar mobile app in 2027 that will complement and sync up with its in-car software.
The new OnStar mobile app will replace the current OnStar Guardian app that launched in 2020 as well as vehicle brand apps for Buick, Cadillac, Chevrolet, and GMC.
This tech-centric reboot is unlike other attempts to modernize OnStar and it notably puts agentic AI at the center. The company has updated the safety and roadside assistance service numerous times in its history, especially in the past five years as it tried to stay apace of emerging and tech-forward competitors like Tesla.
In 2021, the company expanded its OnStar Guardian app, which offered crash detection, emergency assistance and location sharing, to anyone with a compatible phone, even if they didn’t own a GM vehicle. A year later, GM started using Google Cloud’s conversational AI Dialogflow to recognize specific spoken requests and expanded in 2023 to give drivers responses to common queries like routing and navigation assistance — all part of GM’s plan to build a $25 billion subscription business by 2030.
GM continued to focus on generative AI, but relied on Google to provide the experience. The company said last year that Google Gemini would roll out in vehicles in 2026.
Image Credits:GM / The OnStar AI Assistant is an in-house effort and one aimed at giving the driver and passengers an interactive and custom experience — and become even more embedded in their daily lives.
“OnStar is now transitioning to be a connected intelligence platform, not just the call center that it’s historically been known as, but a mechanism for interpreting, understanding, and providing predictive, proactive support to its owners,” GM’s VP of global product and chief product officer Sterling Anderson told TechCrunch in an interview ahead of the GM Forward event.
For instance, cameras on the vehicle will be connected to the software to offer live views as well as crash and safety recordings. Users can set up the connected cameras to turn on automatically if the vehicle senses an impending event — for instance an aggressive horn honk — then capture the event and upload it to the OnStar app. Users will be able to use voice to control certain functions on the vehicle, including climate, and ask questions about any specific vehicle feature.
The launch coincides with efforts throughout the auto industry to stay apace of Chinese automakers with technology that is central to the vehicle — and no longer a slapped on gimmick or feature. But that has required GM to change its approach to software development, adopt AI tools, and even design a new electrical and centralized compute vehicle architecture.
The announcement also comes after GM has been criticized and even fined for sharing data with third parties. Earlier this year, the Federal Trade Commission finalized an order that bans General Motors and its OnStar telematics service from sharing certain consumer data with consumer reporting agencies. The finalized order also requires the automaker to be more transparent with its consumers and obtain their explicit consent on certain data collection.
GM said Wednesday that customers will have the ability to decide what data is shared, and that the recordings have time limits and are encrypted. GM said it and OnStar cannot access Connected Camera recordings.
A GM spokesperson later shared that third-party sharing a “feature-specific and consent-based, with information shared only as needed to provide requested functionality.” Customers can manage permissions and withdraw consent, however those who choose not to share certain data may have limited access to related features, while other OnStar services would continue, according to GM.
This article was updated to include comments from a GM spokesperson.
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Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.
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General Motors (GM.N) plans to offer “eyes-off” autonomous driving on its highest-selling, most profitable vehicles — big pickup trucks and SUVs — as it seeks fresh revenue streams from heavy technology investments.
Last year, GM said it would offer autonomous highway driving in 2028 on its pricey but light-selling Cadillac Escalade IQ, an electric SUV. On Wednesday, the automaker said it would expand the service to its pickup trucks and other large SUVs, without specifying a timeframe.
Many assisted-driving systems control steering and speed in certain settings —sometimes hands-free — but require the driver to remain attentive. Those include Tesla’s Full Self-Driving (Supervised) system and GM’s Super Cruise feature, which debuted about a decade ago.
Only a few automakers have introduced eyes-off systems, including Mercedes-Benz (MBGn.DE), with service typically limited to small geographic areas at low speeds, such as in stop-and-go traffic.
Some industry executives have said eyes-off driving that exchanges control back and forth from the car to the driver raises thorny safety and liability questions, and might not interest enough car shoppers.
Sterling Anderson, GM’s chief product officer who previously worked at autonomous-truck company Aurora, said GM is building "an autonomous system that operates safely on highways that actually gives you your time back.” He said GM will eventually expand the service to other roads.
NEW SOFTWARE BRAIN
GM is developing a new software backbone for future vehicles to deliver the automated-driving system and other digital features, expecting drivers will be willing to pay for them. GM executives outlined the plans during an event in New York on Wednesday.
A central computer will serve as the vehicle brain, allowing the car to receive remote updates like a smartphone. Tesla, Rivian and many Chinese automakers have jumped ahead of traditional automakers in designing the ability to beam software updates remotely to vehicles.
Anderson said inside GM, he refers to the new vehicles as “robots.”
“We're thinking a lot about the ways your life can be better … because your vehicle just knows what you need before you need it,” he told Reuters.
GM’s plan to transform cars into rolling, updatable computers is crucial to compete with Chinese automakers and EV-only brands such as Tesla, said Sam Abuelsamid, vice president of market research at Telemetry, an automotive research firm. If not, “they will fall even further behind the competitors.”
One reason traditional automakers have struggled with software is that they have long outsourced much of that work to suppliers, car executives and analysts have said. Anderson said GM is developing its new “central compute” model in-house, giving the company more control over updates and functionality.
“The world opens up when you control the software across the system in a way that it never was when various suppliers controlled” the car’s digital connections, Anderson said.
TARGETING HIGHER PROFIT MARGINS
Automakers reap average profit margins of around 10% selling vehicles. Software-related services can reach 30% to 40% margins, according to analysis firm PwC.
In a report last month, UBS estimated GM’s digital revenue will increase to $9.6 billion by 2036, from $3.2 billion this year. The bank called GM’s digital capabilities “an underappreciated and undervalued opportunity.”
Ed Nightingale, GM’s vice president of digital products, said GM aims to offer car owners appealing features, because it can’t start “charging for something as part of the core experience that you've always had.”
GM said it will introduce an AI assistant on the Cadillac Lyriq SUV in the coming months.
NEW YORK — General Motors plans to lean into artificial intelligence and vehicle software for future growth and development amid increasing competition abroad from Chinese automakers and a tougher U.S. market.
The Detroit automaker on Wednesday shared new details about a proprietary AI agent it's releasing under its OnStar brand, plans for a fourth generation of more efficient all-electric vehicles and a target to cut its vehicle development time in half.
GM also reconfirmed that by 2028, it wants to have eyes-off highway driving, or "personal autonomy," that will let drivers take their attention off the road. The automaker said that technology would start with the Cadillac Escalade IQ EV before rolling out to other, more high-volume models.
"All of these developments are building us the car of the future," CEO Mary Barra said Wednesday during an event laying out the plans, called "GM Forward," in downtown Manhattan.
The initiatives, which Barra, Chief Product Officer Sterling Anderson and other executives discussed at the event, are designed to streamline the automaker's operations, while also improving the capabilities of its vehicles for customers.
"Over the last 12 months, we've evolved how we design, engineer and build our vehicles," said Anderson, who led the event and who has been tasked with overseeing GM's latest technology transformation.
GM said it is now targeting a vehicle development time of roughly two years from concept to production versus a traditional four- to five-year cycle. However, the company did not detail a timeline for reaching that goal.
Read more CNBC auto newsTesla unveils long-delayed Roadster developed with SpaceX, fueling merger speculationPorsche reveals Mission S concept car that previews new design identityHow lower fuel economy targets could boost pickups and V-8 enginesStellantis CEO urges incentives for carmakers who build in Europe as Chinese rivals gain groundThe event comes as Chinese automakers are growing outside of the U.S. with rapid development times of new technologies and vehicles. Consulting firm AlixPartners said it believes China is currently bringing vehicles to market twice as fast as traditional automakers, with 40% to 50% less investment and a 30% cost advantage.
GM also continues to play catch-up to U.S. EV leader Tesla when it comes to delivering technology advancements through over-the-air updates and automated driving capabilities.
Next-generation vehiclesGM said Wednesday it has major plans for its next generation of EVs and traditional vehicles with internal combustion engines.
The company said those coming vehicles – regardless of type — will have 40 times the computing power and up to 50% faster cellular connectivity than prior systems.
That computing power is expected to help the automaker with over-the-air updates, onboard diagnostics and AI, as well as other technologies such as automated driving features.
The new brain of the vehicle will launch on the $130,000 Cadillac Escalade IQ EV in 2028 before rolling out to other models, including its next generation of EVs.
GM said the forthcoming EVs are expected to be 25% more aerodynamic and 15% lighter and feature electric motors and battery packs that are more compact.
AI developmentGM expects to achieve such targets through the use of AI in research and development.
The company said it is developing a "new operating approach for vehicle development" that leans into enterprise AI and virtualization to increase speed.
"This concurrent engineering model allows us to innovate faster, improve continuously, and scale new technologies across our lineup with incredible agility," the company said in a release.
GM used the development of its next-generation vehicles, including a new battery chemistry, as an example of how the new technologies are reshaping its vehicle development.
The company said it virtually tested more than 300,000 battery designs using its recently announced lithium manganese rich battery chemistry, or LMR, before building a single physical prototype.
Anderson said Wednesday that LMR will be the exclusive battery tech for its fourth-generation EVs. GM had previously said it wanted to use those batteries in full-size electric vehicles such as its Chevrolet Silverado and Escalade IQ beginning in 2028.
Anderson said GM is uniquely positioned to use AI compared to other automotive companies because of its more than 100 years in the industry as well as 30 years of OnStar.
"In the age of AI, data is currency," Anderson said. "For decades, GM's engineering, manufacturing and product teams have generated unparalleled body of data that we're now using to build industry-leading AI tools."
In-vehicle AIThe company is building on its internal use of AI to better shape its experiences for customers.
GM on Wednesday reconfirmed that it plans to launch a proprietary in-vehicle AI assistant through its OnStar technology brand.
The OnStar AI assistant is expected to launch in the coming months on the 2027 Cadillac Lyriq EV through an over-the-air update before expanding to other models.
GM currently uses Google's Gemini for its in-vehicle AI assistant. The company told CNBC earlier this year that the GM-developed AI will be more integrated with the vehicle.
The goal for OnStar AI, which will be available through a subscription, is to help customers be productive while in the car, especially if the vehicle has self-driving capabilities that don't require the driver or passengers to monitor the system.
GM on Wednesday also reiterated its plans to launch eyes-off highway driving in 2028. The automaker said a year ago that it wanted to launch that technology. It's been five years since Barra said she expected the automaker to offer personal autonomous vehicles this decade.
"Our vision is that eventually every vehicle should drive itself or its occupants anywhere, and we're investing across the self-driving stack to make that real," Anderson said.
GM čelí kritice republikána Mikea Rogerse i odborů UAW za plán odkupu akcií za 20 miliard USD, který podle nich upřednostňuje akcionáře před zaměstnanci.
Michigan Republican Senate candidate Mike Rogers and the United Auto Workers union found rare common ground on Tuesday, separately accusing General Motors (GM.N) of putting shareholders ahead of workers after the automaker unveiled a new $20 billion stock buyback plan.
Rogers, a former US House member, accused GM of wrongly investing in electric vehicles.
"GM lost billions investing in EVs nobody wanted. For two years, GM could have focused on reinvesting in Michigan workers and manufacturing vehicles consumers actually want to buy. Instead, they chose to put profits over people, and Michigan autoworkers will pay the price," Rogers said in a statement.
Rogers is competing against Democrat Abdul El-Sayed in a closely watched Senate race and hopes to flip the seat to Republican control. Republicans have increasingly courted autoworkers and other blue-collar voters in Michigan, whose economy remains closely tied to the auto industry.
Polls through mid-October generally show El-Sayed ahead in the November 3 election by a few points, though several surveys have fallen within the margin of error.
The United Auto Workers, which has endorsed El-Sayed, also condemned the buyback, calling it "outrageous" when 80% of GM autoworkers do not have pensions or retiree healthcare benefits and saying the automaker was "choosing Wall Street profits over blue-collar America."
Rogers did not elaborate on how GM's electric vehicle investments contributed to the buyback decision. The company has bought back about $29.5 billion in stock since 2023, and CEO Mary Barra said GM viewed its shares as undervalued.
Asked to comment on the criticism, GM said its "first priority is investing in our business and our employees. Since 2020, we’ve reinvested more than $100 billion to fund our growth, including in our products, our factories, and our people."
The criticism was unusual for Rogers, who has generally focused on denouncing government policies promoting electric vehicles rather than on automakers themselves.
El-Sayed did not immediately respond to a request for comment.
UAW President Shawn Fain said stock buybacks "are a form of legalized mass looting, sending billions of dollars generated by the working class directly to Wall Street investors who've never seen the inside of a factory."
GM has scaled back electric vehicle production and investment plans amid softer EV demand and policy changes under President Donald Trump. The automaker has recorded $11.2 billion in EV-related charges since last year.
Rogers has frequently criticized policies aimed at accelerating electric vehicle adoption and appeared with Trump at a campaign-style event at a GM facility in Michigan in July. The candidate and president argued such policies threaten US manufacturing jobs.
GM uzavře montážní závod na baterie Brownstown jižně od Detroitu kvůli blížícímu se konci nájemní smlouvy, nikoli kvůli změně strategie v oblasti elektromobilů. Zaměstnance i výrobu přesune do jiných závodů.
Image Credits:JEFF KOWALSKY/AFP / Getty Images GM is closing a battery assembly plant south of Detroit, a spokesperson confirmed to TechCrunch.
The Brownstown Battery Assembly Plant assembled battery packs for Cadillac’s flagship EV, the Celestiq, and both electric drive units (the motors that power the car) and battery packs for the Chevrolet Corvette E-Ray, a plug-in hybrid version of its famous sports car. Automotive News first reported the closure.
The closure is not related to GM’s electric vehicle strategy, the spokesperson said. Instead, GM leased the site, and the lease was nearing its end.
The employees and work at Brownstown will be moved to other GM facilities, though the company would not confirm which ones.
Like many automakers, GM’s electrification strategy was thrown a curveball after the One Big Beautiful Bill Act, the sweeping federal law signed last year, repealed incentives to produce and sell EVs.
Since then, the company has pared back its public comments on EVs, though it hasn’t given up on full electrification.
GM continues to produce a range of EVs, including the Chevrolet Silverado EV and the limited-time-only Chevrolet Bolt. It also continues researching new battery chemistries, including lithium-manganese-rich and sodium-ion, and it’s rolling out a new $900 million facility to speed commercialization.
General Motors (GM - Free Report) came out with quarterly earnings of $3.7 per share, beating the Zacks Consensus Estimate of $3.55 per share. This compares to earnings of $2.8 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.23%. A quarter ago, it was expected that this an automotive manufacturer would post earnings of $3.13 per share when it actually produced earnings of $3.57, delivering a surprise of +14.06%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
General Motors, which belongs to the Zacks Automotive - Domestic industry, posted revenues of $50.02 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 3.75%. This compares to year-ago revenues of $48.59 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
General Motors shares have added about 1.8% since the beginning of the year versus the S&P 500's gain of 12.4%.
What's Next for General Motors?While General Motors has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for General Motors was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.70 on $45.37 billion in revenues for the coming quarter and $13.54 on $185.27 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Domestic is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Tesla (TSLA - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2026. The results are expected to be released on October 21.
This electric car maker is expected to post quarterly earnings of $0.45 per share in its upcoming report, which represents a year-over-year change of -10%. The consensus EPS estimate for the quarter has been revised 10.5% lower over the last 30 days to the current level.
Tesla's revenues are expected to be $27.78 billion, down 1.1% from the year-ago quarter.
Should You Invest in General Motors Company (GM)?
Before you invest in General Motors Company (GM), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
General Motors má ve 3. čtvrtletí vykázat zisk na akcii (EPS) ve výši 3,55 USD, což by představovalo meziroční nárůst o 26,7 %, přestože prodeje v USA klesly o 5,5 %.
Key Takeaways General Motors' Q3 EPS is expected to rise 26.7% to $3.55, extending its streak of 16 earnings beats.GM's U.S. sales fell 5.5% in Q3, but disciplined pricing and software growth could support profitability.GM remains a Hold as China restructuring and software gains face inflation, logistics and onshoring costs. General Motors (GM - Free Report) is slated to release third-quarter 2026 results tomorrow, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share (EPS) and revenues is pegged at $3.55 and $48.21 billion, respectively.
The earnings estimate for the to-be-reported quarter has moved up by 5 cents over the past seven days. The bottom-line projection indicates a year-over-year increase of 26.7%. The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year contraction of 0.1%.
Image Source: Zacks Investment Research
For full-year 2026, the Zacks Consensus Estimate for GM’s revenues is pegged at $185.3 billion, suggesting a marginal uptick of 0.1% year over year. The consensus mark for full-year EPS is pegged at $13.54, calling for a 27.7% year-over-year contraction.
Notably, General Motors surpassed earnings estimates in each of the past 16 quarters. And our proven model predicts an earnings beat for the company this time around as well.
Earnings Whispers for GMThe combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
General Motors has an Earnings ESP of +1.38% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors at PlayGeneral Motors delivered 670,974 vehicles in the third quarter of 2026 in the United States, down 5.5% year over year. Sales declined across Chevrolet, GMC and Cadillac brands but inched up 8% for the Buick brand. Even with weaker third-quarter sales in the United States, General Motors remained the top-selling automaker in the country.
GM’s closest peer Ford’s (F - Free Report) U.S. sales fell 6.6% year over year to 509,764 vehicles in the third quarter of 2026. Meanwhile, Toyota’s (TM - Free Report) sales in North America were down 0.6% in the third quarter
Our model estimates for General Motors’ GMNA unit revenues (which accounts for the bulk of total revenues) are pegged at $39.4 billion, implying a year-over-year decline of 2.8%. The slowdown could weigh on total revenues, although expanding software and digital services may provide some cushion.Unlike vehicle sales, software revenues carry much higher margins and generate recurring cash flows.
GM’s disciplined pricing strategy is another potential support for profitability. By keeping incentives below the industry average for more than three years, the automaker has avoided aggressive discounting, helping protect margins amid tariff-related costs and inflation. Reflecting this resilience, we expect GM North America’s operating income to total $3.17 billion, implying growth of 26% from the year-ago quarter.
Encouragingly, General Motors has also overhauled operations in China by rightsizing, streamlining dealer networks, cutting costs and rolling out new products. These efforts have paid off, and the company is expected to have witnessed improved profitability in China.
General Motors’ Price Performance & ValuationYear to date, shares of GM have gained more than 3%, outperforming the industry as well as peers like Toyota and Ford.
YTD Price Comparison Image Source: Zacks Investment Research
GM also appears undervalued. The company is trading at a forward earnings multiple of 0.39, way lower than the industry.
Image Source: Zacks Investment Research
Our Take: GM Stock Still a HoldGeneral Motors continues to lead the U.S. market, backed by strong demand for full-size pickups, SUVs and commercial fleet vehicles. Disciplined pricing supports profitability, and the next-generation Chevrolet Silverado and GMC Sierra should further strengthen its competitive position, while restructuring in China is paying off.
Beyond this core, GM is steadily turning its software business into a meaningful profit driver. OnStar subscriptions keep growing, and Super Cruise is reaching more models, with management expecting more than $3 billion of recognized revenues and deferred revenues approaching $7.5 billion in 2026. GM Energy and GM Defense further broaden the company’s earnings base beyond traditional vehicle manufacturing.
These strengths are tempered by near-term cost pressures from commodities, logistics and DRAM components. Management expects commodity inflation, including logistics, of $1.2-$1.7 billion in 2026. Onshoring costs will also rise as production shifts to the United States, with the largest fourth-quarter impact coming from moving Escalade production to the Orion Assembly plant, and together these factors are likely to weigh on margins in the near term.
Even so, GM looks poised to extend its earnings beat streak in third-quarter 2026 and remains well positioned for the long haul. Still, near-term risks keep us from turning more positive, so we maintain a Hold rating. Existing shareholders should stay put, while new investors may wait for a better entry point.
General Motors Co. (NYSE:GM) heads into its third-quarter report on a string of earnings beats. The Detroit automaker reports before the opening bell on Tuesday, Oct. 20, with a conference call set for 8:30 a.m. ET.
Analysts expect adjusted earnings of $3.60 per share, up from $2.80 a year earlier, according to Benzinga Pro. Revenue is forecast at $48.6 billion, nearly flat with $48.59 billion in the year-ago quarter.
GM stock is climbing Friday. See the real-time price action here. A 12-Quarter Beat Streak GM has topped EPS estimates in each of the last 12 quarters, dating back to the third quarter of 2023, according to Benzinga Pro. Second-quarter adjusted EPS came in at $3.57, ahead of the $3.20 consensus., and first-quarter EPS of $3.70 blew past the $2.62 estimate.
Revenue has been nearly as reliable. GM beat top-line estimates in 11 of those 12 quarters. The lone miss came in the fourth quarter of 2025, when sales of $45.29 billion fell short of the $45.80 billion forecast. Second-quarter revenue of $48.03 billion topped expectations of $47.01 billion.
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Guidance in FocusThe full-year outlook may matter more than the quarter. In July, GM raised its 2026 adjusted EPS guidance to a range of $12 to $14, up from $11.50 to $13.50. Consensus stood at $12.77 at the time.
Any change to that range on Tuesday could move the stock more than the quarterly numbers.
Softer Sales, EV QuestionsVolume could test the beat streak. GM said on Oct. 1 it sold 670,974 vehicles in the U.S. in the third quarter, a 6% decline.
Electric vehicles remain a pressure point. After the second-quarter report, CEO Mary Barra called China’s EV price war unsustainable as GM absorbed nearly $11 billion in EV-related charges. Any new write-downs or changes to EV production plans will draw scrutiny.
Software is a brighter spot. GM’s deferred revenue balance has grown to $6.3 billion, driven by OnStar and Super Cruise subscriptions.
Last year’s third quarter set a high bar for the stock. GM shares jumped 14% after the company beat estimates and raised its forecast, Reuters reported at the time. The automaker also took a $1.6 billion charge in the period tied to changes in its EV strategy.
Analysts Lean BullishWall Street remains largely positive on the stock. Of 21 analysts tracked by Benzinga, 18 rate GM a Buy or Strong Buy. One has a Hold, and two rate it a Sell. The average price target of $97 implies about 14.5% upside.
Targets moved in both directions this month:
JPMorgan analyst Rajat Gupta maintained an Overweight rating and cut the price target from $120 to $110 on Oct. 12. RBC Capital analyst Tom Narayan maintained an Outperform rating and raised the price target from $100 to $102 on Oct. 12. UBS analyst Joseph Spak maintained a Buy rating and lowered the price target from $114 to $112 on Oct. 7. Goldman Sachs analyst Mark Delaney maintained a Buy rating and raised the price target from $103 to $112 on Oct. 6. Wells Fargo analyst Colin Langan remains the bear. He holds an Underweight rating with a $61 target, more than 25% below the current share price. GM Stock Price Activity: General Motors shares were up 2.03% at $85.36 at the time of publication Friday, according to data from Benzinga Pro.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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General Motors očekává za čtvrtletí zisk na akcii (EPS) ve výši 3,52 USD, což představuje meziroční nárůst o 25,7 %, při tržbách 47,59 miliardy USD, tedy meziročně nižších o 2,1 %.
General Motors (GM - Free Report) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on October 20, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis an automotive manufacturer is expected to post quarterly earnings of $3.52 per share in its upcoming report, which represents a year-over-year change of +25.7%.
Revenues are expected to be $47.59 billion, down 2.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.21% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for General Motors?For General Motors, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.22%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that General Motors will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that General Motors would post earnings of $3.13 per share when it actually produced earnings of $3.57, delivering a surprise of +14.06%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
General Motors appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
General Motors chce v roce 2028 uvést systém řízení, který nebude vyžadovat sledování vozovky ani držení volantu, nejprve v elektrickém Cadillacu Escalade IQ.
General Motors CEO Mary Barra said the automaker is still on track to introduce "eyes-off, hands-off" driving technology by 2028, starting with the electric Cadillac Escalade IQ.After abandoning its Cruise robotaxi business, GM is focusing on autonomous technology for personal vehicles.General Motors CEO Mary Barra said Monday that the automaker remains on track to introduce "eyes-off, hands-off" driving technology by 2028.
GM announced last October that it plans to launch its next-generation driver-assistance system in the electric Cadillac Escalade IQ in 2028 before expanding to other models. Unlike the company's existing Super Cruise system, which allows drivers to take their hands off the wheel but requires them to remain attentive, the new technology is designed to let drivers take their eyes off the road under certain conditions.
Barra told CNBC's Jim Cramer on "Mad Money" that she recently tested the technology and was impressed by how much it had improved since an earlier ride in March. "They're making so much progress on our goal to have eyes off, hands off in the '28 time frame," the CEO said. "We're going to be well positioned from a personal autonomy perspective." She added, "When people want to drive, they can. When they don't, they won't need to as that grows."
GM's push into personal autonomous driving follows its decision to abandon its Cruise robotaxi business in December 2024 after spending more than $10 billion. Rather than compete in the increasingly crowded driverless ride-hailing market, the automaker redirected its resources toward developing autonomous systems for vehicles consumers own. "We're not in the taxi business. We're not in the bus business," Barra said.
She acknowledged that exiting the robotaxi market was difficult but defended the move, noting that GM retained much of the Cruise team to work on personal autonomous driving. "It was a tough decision, but I think it was the right decision," she said.
Barra also pushed back against the idea that widespread adoption of autonomous vehicles could eventually reduce the need for personal car ownership. She recalled earlier predictions that ride-hailing services such as Uber and Lyft would sharply reduce vehicle sales, something that never materialized because "people still value that it's in my driveway. I can go wherever I want, whenever I want."
BofA očekává, že umírněný redesign pickupů GM v roce 2027 podpoří průměrné počáteční ceny vozů a prodejní mix; počáteční ceny modelu Silverado vzrostly oproti roku 2026 v průměru o 4,6 %.
General Motors Company (NYSE:GM)'s measured redesign of its Chevrolet Silverado 1500 and GMC Sierra 1500 pickups should help protect its leading full-size truck market share while supporting stronger pricing and mix in 2027, Bank of America (BofA) said.
Based on its channel checks, the bank said GM had deliberately limited exterior changes to the 2027 models, reflecting the loyalty of its customer base and the risk of alienating existing owners looking to upgrade.
The redesigned trucks feature new headlights and grilles and a hood that is about 1 inch higher, while larger changes include a 16.3-inch centre screen and an optional passenger display on higher trims.
Under the hood, GM has replaced its previous 5.3-litre and 6.2-litre V8 engines with new 5.7-litre and 6.6-litre engines producing 402 and 481 horsepower, respectively.
BofA said the approach contrasts with more radical redesigns such as Ford’s move to aluminium in 2015 and Dodge Ram’s 1994 overhaul, which generated a share gain of more than 700 basis points.
The bank expects GM to benefit from a price and mix tailwind in 2027 as it prioritises higher-margin trims initially, with volumes expected to scale in 2028 as production ramps up.
GM expects full-size pickup volumes to be flat year on year in 2027, while BofA noted that the company achieved about $1.3 billion of additional EBIT from strong price realisation following its 2019 truck redesign.
The bank also expects the new trim structure to support a richer mix, with GM removing several mid-level trims while retaining luxury and off-road models at the top of the range.
Starting prices are up an average of 4.6% for Silverado and 2.9% for Sierra compared with 2026, led by increases of 13% for the Silverado High Country and 7% for the ZR2.
BofA expects crew-cab models to launch first, further supporting the early mix benefit before smaller cab configurations are introduced.
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Key Takeaways GM delivered 670,974 U.S. vehicles in Q3, down 5.5% year over year amid weaker EV demand.Chevrolet Equinox EV sales plunged 92.4%, while Blazer EV and Hummer EV sales also fell sharply.GM's Trailblazer, Envista and Trax posted sales gains, while fleet volumes rose 10% year over year. General Motors Company (GM - Free Report) reported a 5.5% year-over-year decline in U.S. sales, delivering 670,974 new vehicles in the third quarter.
GM’s all-electric vehicle sales declined sharply during the quarter as consumer enthusiasm for EVs weakened. EV demand surged a year ago ahead of the Trump administration’s decision to end federal incentives of up to $7,500 for EV purchases. As a result, GM posted record EV sales during the comparable period last year, creating a challenging comparison for the latest quarter.
Sales of the Chevrolet Equinox EV plunged 92.4% year over year to 1,905 units, while Chevrolet Blazer EV sales fell 84.4%. GMC Hummer EV sales declined 72.9% year over year.
General Motors' more affordable models remained a bright spot amid persistent inflation and elevated vehicle costs. Chevrolet Trailblazer sales increased 51% year over year in the third quarter, while Buick Envista and Chevrolet Trax sales rose 18.4% and 16.3%, respectively.
Buick’s total brand sales increased 8% year over year in the third quarter, while sales of its small SUVs, the Envista and Encore GX, are on track for their second-best calendar year. Chevrolet’s Trax sales climbed 16% year over year, while the Trailblazer posted its strongest third-quarter sales since 2007. Corvette sales also increased 29% year over year. GMC’s Sierra is on pace for its second-best calendar year, while the midsize Canyon pickup recorded its best quarter ever.
Cadillac further strengthened its position in the luxury EV market, expanding its lead by 1.3 percentage points on a calendar-year-to-date basis through August. The CT5 Blackwing also achieved its best-ever third-quarter sales, putting the model on track for its strongest year yet. GM Fleet maintained its position as the industry leader in fleet sales, with volumes rising 10% year over year.
GM’s Zacks Rank & Other Key PicksGeneral Motors currently has a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the auto space are Mobileye Global Inc. (MBLY - Free Report) and Garrett Motion Inc. (GTX - Free Report) . While MBLY sports a Zacks Rank #1 (Strong Buy), GTX has a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for MBLY’s 2026 sales and earnings implies year-over-year growth of 5.6% and 36.1%, respectively. The EPS estimate for 2026 and 2027 has improved 3 cents each over the past 60 days.
The Zacks Consensus Estimate for GTX’s 2026 sales and earnings implies year-over-year growth of 7.2% and 25.7%, respectively. The EPS estimate for 2026 and 2027 has improved 5 cents and 4 cents, respectively, over the past 60 days.
General Motors zařadí do nabídky v USA hybridní vozy, protože poptávka po elektromobilech slábne. Prodeje hybridů v USA ve druhém čtvrtletí meziročně vzrostly o 23 %.
DETROIT — General Motors plans to introduce hybrid models into its U.S. lineup as sales of the vehicles continue to grow amid inflated gas prices and a pullback in all-electric cars.
Mike Anderson, GM's vice president of propulsion engineering, reconfirmed the automaker's hybrid plans, but declined to discuss timing for such vehicles, which had previously been expected as soon as next year.
"It's fair to say that [hybrids are] part of the plan," Anderson, a 35-year GM veteran, told CNBC during an interview. "We're not tone deaf to our customers. We know what they want and we want to give that to them as quickly as we can."
GM has largely been absent from the hybrid market this decade, instead using its resources to go "all-in" on all-electric vehicles. But amid lackluster EV demand, industry deregulation and increased hybrid popularity, Anderson said the company needs to meet customer demand wherever it may be.
"Our long-term vision is an all-electric future. That's our goal," Anderson said. "That's the end state, but it's going to be a journey that involves technology diversity."
GM CEO Mary Barra in January said the automaker was still studying plug-in hybrid electric vehicles, or PHEVs, for its U.S. lineup as well as traditional hybrids but remained critical of the technologies. She also told Bloomberg later that month that a "handful" of such models were coming but did not give a timeline.
In mid-2024, GM announced plans to introduce PHEVs by 2027. At that time, GM was under pressure to meet stricter federal tailpipe emissions standards that have since been lowered or eliminated by the Trump administration.
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AutoForecast Solutions, an automotive data and consulting firm, expects GM to begin offering PHEVs in late 2027 to early 2028 with a 70-mile EV range "throughout its portfolio," according to Casey Selecman, director of powertrain forecasts for the company.
"GM has several PHEVs planned throughout the portfolio from the Equinox to the Silverado but has been very cautious in rolling them out due to fears of customer technology preference changes that have burned them in the past," he said.
Anderson declined to discuss potential products or timing for GM's first new hybrid model.
"You can see, without me saying what our future plans are, where the customers are clamoring for these things and really, really going for them," he said. "We want to meet them where they want things."
Sales of hybrid models in the U.S. have jumped amid dimming EV demand, inflated gas prices and more offerings in the market, which GM has been missing out on.
Cox Automotive reports hybrid vehicle sales from the second quarter of this year increased 23% from a year earlier to represent a record 16.3% of U.S. sales from April through June. That compares with roughly 5.8% of sales for EVs, Cox said.
EV/Hybrid vehicle types
The automotive industry has more powertrain and "propulsion" options than ever before. Here's a breakdown:Internal combustion engine (ICE): A "traditional" vehicle with an engine that's fueled with gasoline or diesel.Mild-hybrid electric vehicle (MHEV): An ICE vehicle that functions largely like a nonhybrid vehicle but may include minimal electrified features such as a small battery, regenerative braking or electric motor.Hybrid electric vehicle (HEV): Think of the Toyota Prius, a vehicle that has a hybrid powertrain system combined with an engine.Plug-in hybrid electric vehicle (PHEV): These vehicles feature an internal combustion engine combined with a hybrid system, including a larger battery than traditional hybrid vehicles as well as a plug to recharge the vehicle's battery. They typically allow drivers to travel a certain number of miles using the battery before the engine is needed to power the car or truck.Battery-electric vehicle (BEV): These all-electric vehicles do not feature an internal combustion engine. Instead, they contain an electric motor that's powered by a large battery. They need to be recharged using an electrical outlet and charging port or charging station.Fuel cell electric vehicle (FCEV): Hydrogen fuel cell electric vehicles and equipment operate much like BEVs but are powered by electricity generated from hydrogen and oxygen instead of pure batteries, which commonly include lithium. They're filled up with a nozzle, similar to traditional gas and diesel vehicles.Extended-range electric vehicles (EREV): These are an emerging technology that largely function as a PHEV, however after the battery runs out of energy to power the vehicle, an engine works as a generator to exclusively power electric motors. The vehicle still drives like an EV instead of having the engine directly power the vehicle's motion.There are a growing number of hybrid variants being introduced by automakers but, in general, those vehicles combine a traditional gas-powered engine with electric motors and a battery to offer better fuel economy and, in many cases, better performance.
The fastest-growing segments for hybrids in the U.S. are compact crossover/SUV and mid-size vehicles, according to Cox.
"Hybrid vehicles continue to be the clearest growth story in the electrified market," Stephanie Valdez Streaty, Cox director of industry insights, said during a presentation last week.
There are currently a few types of hybrids available in the U.S. Traditional hybrids, like a Toyota Prius, feature many electrified engine technologies, while PHEVs have a designated all-electric range before using an engine to power the vehicle.
Then there are extended-range electric vehicles, or "series hybrids," that drive like an EV but have an engine that essentially operates like a generator to power electric motors to propel a vehicle.
The combination of two powertrains adds additional complexity and costs, which has been an argument GM has made against hybrids, but it's something many consumers appear willing to pay for as hybrid sales continue to rise.
GM currently offers only one hybrid, a model of its Chevrolet Corvette. The Detroit automaker's last true push into hybrids was the Chevrolet Volt plug-in, which was discontinued in 2019.
GM's crosstown rivals, Ford Motor and Chrysler parent Stellantis, have leaned on suppliers to get hybrid vehicles to market more quickly.
Anderson said GM's strategy "will be a mix" of internal and external technologies based on cost, segment and product.
"We're deliberate because, usually for strategic reasons, we need to control our own destiny. We need to control our own timing," he said. "Or, if it's commodity, go get it. Go get the best price you can."
The Pentagon placed a massive bet on a single American company to break China's stranglehold on rare earth magnets, and General Motors is first in line to find out if that wager pays off.
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On July 10, 2025, the Department of Defense agreed to buy $400 million of convertible preferred stock in MP Materials (NYSE:MP), along with a ten-year warrant. The government’s projected ownership stake of 15% made it the company’s largest shareholder. The deal also included a $150 million loan to expand Mountain Pass and a 10-year commitment to buy all of the company’s output at $110/kg for neodymium-praseodymium (NdPr), the key rare earth input in permanent magnets.
General Motors (NYSE:GM | GM Price Prediction) is first in line for MP’s magnets, according to The Business Journals. The Pentagon deal and GM supply agreement fund different facilities on separate schedules.
Pentagon Capital Targets Mountain Pass and a Future Plant Pentagon money funds upgrades at Mountain Pass in California and a separate magnet plant called 10X. Commissioning at 10X is expected around 2028. The Department of War remains MP’s partner on the project.
GM’s Magnets Come From an Already Running Texas Plant GM’s magnets come from a different facility, and MP paid for it. The two companies signed their supply agreement in December 2021 and released the details in April 2022. MP backed the deal with a $700 million investment commitment of its own to supply magnets for GM’s Ultium-platform electric vehicles. MP began commercially producing rare earth metal for GM in 2024. Its Independence facility in Fort Worth has made neodymium-iron-boron magnets since December 2025, according to MP’s fourth-quarter 2025 earnings release filed with the SEC.
Reports on delivery timing conflict. In mid-September, The Business Journals reported that MP delivered its first magnets to GM from Fort Worth. Days later, GM Authority described GM as “About To” take delivery. On MP’s August earnings call, the CFO said regular production deliveries should begin sometime in the fourth quarter of 2026, starting at small volumes. No exact shipment date has been made public. The best reading of the record is that the milestone is underway or very close.
Mine to Magnet Under One Roof Co-founder and CEO James Litinsky said “no single entity” elsewhere handles the entire supply chain under one roof. MP is America’s only fully integrated rare earth producer, from mining and processing through metallization and magnet manufacturing. Its customers include Apple (NASDAQ:AAPL) and U.S. aerospace and defense contractors.
China has dominated rare earths since Deng Xiaoping’s 1992 comment that the Middle East has oil and China has rare earths. MP stopped selling concentrate to China in July 2025.
Stock Already Traded the Pentagon Story MP’s share price at each of its recent filings shows how the market responded. At its May 8, 2025 filing, before the agreement, shares stood at $23.90. At its August 7, 2025 filing, weeks after the deal, they were at $77.05. They were at $72.20 at the May 7, 2026 filing and $48.47 at the August 6, 2026 filing.
The shares closed at $46.98 on Friday, October 2, 2026, up 1.93% for the session. That close left them down 33.81% over one year and 14.13% over one month, for a market value of $8.37 billion. Over ten years, they are up 369.70%.
The stock ran up sharply on Pentagon news, then gave back much of the gain. MP rallied on unrelated headlines, including a 6% surge in late September as traders considered the critical minerals growth story, according to 24/7 Wall St.
China’s grip on the rare earth supply chain is the whole reason the Pentagon wrote the check, and we mapped out why the fix takes years, not weeks, in a free guide here: The Next Nvidia Playbook.
Amin Credits MP’s Pace for the Shorter Timeline GM’s chief supply officer Shilpan Amin said the full development cycle should have taken 8 years. The companies got there in 5 years because of MP’s pace. Litinsky said finding customers who believe in you is the “hardest thing” early on. GM signed as an anchor customer in 2021, before Washington invested capital, and that commitment cut the schedules.
The GM milestone shows Independence works. Government capital depends on 10X, still under construction and expected to begin commissioning around 2028.
Contact [email protected] for any questions or corrections.
Stellantis shares are taking the steepest hit among the Detroit Three after its latest U.S. sales report revealed a split inside the brand lineup that left the overall total going nowhere.
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A flat U.S. sales quarter has put fresh scrutiny on the weaker side of the brand mix at Stellantis (NYSE:STLA | STLA Price Prediction), and shares of the automaker are taking the biggest selloff among the Detroit Three. Stellantis stock is down 7% to $4.37 in afternoon trading. That decline comes on the heels of a release in which the company’s U.S. sales total showed no growth at all, even with one of its brands posting a strong gain.
Meanwhile, Ford Motor (NYSE:F) shares are down 2% to $12.02, a far smaller decline that still follows the direction of the Stellantis move. General Motors (NYSE:GM) stock is slipping 0.8% to $78.69, the smallest drop among the three carmakers.
Selling in shares of Stellantis and its Detroit rivals runs counter to the sector fund’s direction. At the same time, the Consumer Discretionary Select Sector SPDR ETF (NYSEARCA:XLY) is up 1% to $110. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.7% to $769.35, giving the broad market a firm footing as carmakers lag.
Ram Gains Sit Against a Larger Jeep Decline Stellantis released its U.S. sales for the third quarter of 2026 on October 1, and the total came in essentially unchanged from the year-earlier period. Inside that flat figure, Stellantis reported a 29% rise in Ram brand sales and a 20% drop at Jeep. Jeep sells more vehicles than Ram, so the larger percentage decline landed on the bigger of the two brands at Stellantis.
Also on October 1, Stellantis confirmed that it will pause its production at four French plants during October. The company cited a shortage of long-range electric vehicle (EV) batteries and slower demand for some models. Stellantis described the pause as a temporary adjustment to keep its output aligned with demand.
Ford and GM Trail the Stellantis Slide Ford and GM shares are trading lower as well, yet both declines are far smaller than the drop in Stellantis stock, which keeps most of the pressure concentrated on one automaker. Of the two Detroit rivals, Ford shares are showing the larger decline, and GM stock is holding up best among the three carmakers. Both Ford and GM compete with Ram and Jeep in U.S. pickups and sport utility vehicles, which ties their shares to any read on demand from a Stellantis sales release.
Tesla (NASDAQ:TSLA) sits in the same auto manufacturers industry as the three legacy carmakers and serves as the EV benchmark for the group. The XLY ETF counts Tesla among its biggest positions, and Ford and GM carry much smaller weights alongside e-commerce, home improvement, restaurant and travel names. That mix helps explain how XLY can rise as two of its automaker holdings fall.
What to Watch Next Stellantis enters the coming months with a strong pickup brand and a bigger, weaker sport utility brand pulling its U.S. total in opposite directions. Investors should watch whether Jeep volume steadies and Ram momentum holds through the next quarterly sales release. How long the French production pause lasts is the other open question for Stellantis, which framed the stoppage as temporary.
The Ram gain gives Stellantis a genuine bright spot, though a 20% Jeep decline on the bigger brand leaves the bull case resting on one franchise. Investors weighing their exposure should size their share positions carefully, considering the flat U.S. sales total at Stellantis and the separate battery strain in France.
Contact [email protected] for any questions or corrections.
General Motors on Thursday reported a year-over-year sales decline of 5.5%, with 670,974 new vehicles sold during the third quarter.
GM's sales of all-electric vehicles are down across the board, as enthusiasm for EVs wanes. EV demand spiked last year ahead of the Trump administration ending up to $7,500 in federal incentives for consumers to purchase an electric vehicle. During the same period last year, GM reported record sales of its electric vehicles.
Against those comparisons, EVs this year saw dramatic drops, with the Equinox EV down 92.4% during the most recent quarter, at 1,905 vehicles sold. The Blazer EV was down 84.4% and Hummer EV sales fell 72.9%.
The report comes after Cox Automotive said last week that new vehicle sales have been stronger than expected this year and raised its 2026 forecast by roughly 2%, to 16.1 million units.
Hybrid vehicle sales are expected to capture a growing market share of car sales, as inflated gas prices pressure consumers.
Despite offering a broad EV lineup, the Detroit automaker only offers one hybrid vehicle, a Corvette. Experts expect GM's weakness in the sector to impact its overall sales.
Hybrids assisted other automakers in outperforming GM in third-quarter sales.
Toyota Motor reported that its EV and hybrid vehicles made up over 57% of the Japanese automaker's sales this quarter.
Toyota said sales were up 0.6% for the most recent quarter, with 633,223 vehicles sold. Sales of its electrified vehicles, which include hybrids, were up 28.5%, with 363,367 units sold.
That helped Toyota continue to narrow its gap with U.S. sales leader GM, which is now less than 136,000 units. That compares to a full-year gap of roughly 335,000 units last year.
Cox Automotive earlier this year said if such sales trends continue, Toyota could once again overtake GM to become the U.S. sales leader in the coming years.
Honda Motor, which also offers several hybrids and leads major automakers in fuel economy in the U.S., reported a 9.3% increase in U.S. third-quarter sales. Its hybrid sales were a record of more than 106,000 units during the quarter.
"We've got really high demand for hybrids," Lance Woelfer, head of American Honda Motor's U.S. sales, told CNBC. "We're finding more and more consumers are figuring out hybrids meet their needs."
High fuel prices, with an AAA national average of $4.41, were also expected to impact sales of big trucks and SUVs, sectors that GM relies on. GM's full-size pickups were relatively flat.
Each of the automaker's brands are down so far year-to-date, led by a 25% decline in Cadillac.
GM's lower-cost vehicles are a bright spot for the company as consumers face high inflation. The Chevrolet Trailblazer was up 51% for the third quarter, while sales of Buick Envista were up 18.4% and Chevrolet Trax up 16.3%.
Despite falling sales, President of GM North American Duncan Aldred remained optimistic.
"Our business is performing very well, the launch of our next-generation full-size pickup trucks is on track, and we are making investments in new vehicles, innovative technologies, and our U.S. manufacturing footprint to drive our next phase of growth," Aldred said in a statement.
General Motors last month announced additional details about its new V-8 engines for its pickup trucks, as it attempts to maintain leadership in truck sales.
GM a LG Energy modernizují závod v Tennessee na výrobu levnějších bateriových článků LMR pro budoucí elektromobily GM. Projekt má vytvořit 500 nových pracovních míst.
General Motors (GM.N) and battery partner LG Energy will upgrade their Tennessee plant to make lower-cost battery cells, the companies said Tuesday.
The Ultium Cells joint-venture plant will be upgraded beginning later this year to manufacture lithium manganese-rich (LMR) prismatic battery cells for future GM electric vehicles. Construction is expected to be completed in 2028, though the companies did not disclose when the cell production will begin.
GM has previously said its goal was to start commercial production of LMR cells for future EVs at a U.S. facility in 2028.
The LMR cells are expected to have the potential to deliver 33% higher energy density than lithium iron phosphate (LFP) cells, another lower-cost battery chemistry that many automakers have gravitated to.
The expansion at the Tennessee plant is projected to create 500 new jobs.
The Tennessee plant currently makes LFP battery cells for energy storage systems.
GM’s battery leader has said the automaker may ditch a plan for LFP cells to focus on LMR instead.
Stellantis klesá o 5 % na 4,44 USD v ranním obchodování, protože kanadský pracovněprávní spor zůstává nevyřešený. Ford a General Motors slábnou jen mírně.
A Canadian labor standoff remains unresolved at Stellantis N.V. (NYSE:STLA | STLA Price Prediction), and Stellantis stock is taking a far heavier hit than shares of its Detroit rivals. Stellantis stock is down 5% to $4.44 in morning trading, a…
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A Canadian labor standoff remains unresolved at Stellantis N.V. (NYSE:STLA | STLA Price Prediction), and Stellantis stock is taking a far heavier hit than shares of its Detroit rivals. Stellantis stock is down 5% to $4.44 in morning trading, a move that leaves the shares down 60% year to date (YTD). For Stellantis, the drop adds fresh strain to a stock that has spent most of the year under heavy pressure.
Ford Motor (NYSE:F) stock is down 0.9% to $12.27, a far milder dip for shares that are down 3% YTD. Meanwhile, General Motors (NYSE:GM) stock is down 1% to $79.79, and the shares carry a YTD decline of 1%. Ford and General Motors compete with Stellantis across North America, which makes the gap in the three stocks’ moves stand out.
Sector and market funds show little of the strain weighing on Stellantis. The Consumer Discretionary Select Sector SPDR ETF (NYSEARCA:XLY) is down 0.1%, a barely noticeable move for the consumer discretionary group. At the same time, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.36%, so the broad market is little changed while Stellantis drops.
Selling Stays Concentrated in Stellantis Stellantis stock is dropping harder than either Detroit peer while the sector fund and the broad market hold fairly steady. That gap points to pressure specific to Stellantis, since the selling is concentrated in one automaker and barely touches Ford or General Motors. The unresolved Canadian labor dispute is the largest identified overhang on Stellantis that its Detroit peers don’t share.
Earlier this month, the Wall Street Journal reported that contract talks between Stellantis and the Canadian union Unifor broke down, with the future of the idled Brampton Assembly Plant in Ontario as the central obstacle. Stellantis has signed a memorandum of understanding with defense-industry supplier Roshel, which is interested in buying the Ontario plant and plans to establish a defense-manufacturing center there. Unifor says the sale threatens members’ wages, pensions and benefits and would deal “a devastating blow” to Canada’s industrial sector, and Unifor President Lana Payne stated later in the month that the union could move toward a strike if Stellantis doesn’t change course.
Why a Strike Could Reach Beyond Brampton Stellantis’ Brampton plant has built no vehicles since it closed for retooling, and the company moved planned Jeep Compass production to Illinois. Any strike would reach Stellantis’ active plants, a broader operational risk than the idled site at the center of the argument. That distinction helps explain why a fight over a closed factory carries so much weight for Stellantis stock.
The YTD figures make the same point over a longer window. Ford stock and General Motors stock sit close to where they started the year, while Stellantis stock has given up most of its value. Such a wide gap shows how much company-specific trouble Stellantis shareholders have already absorbed this year, well before any resolution in Canada.
A settlement with Unifor could remove one of the largest risks facing Stellantis, while a strike at active plants might add fresh pressure on Stellantis stock. What remains open for Stellantis stock is whether a slide this deep already reflects the labor risk or the market is still discovering it. Roshel’s plan for a defense-manufacturing center gives Stellantis a possible buyer for the Brampton plant, yet Unifor’s opposition keeps that path contested.
What to Watch Next Fresh word from Stellantis or Unifor on the Brampton sale or the stalled contract talks could reshape the picture quickly. Investors may want to watch for signs that contract talks resume, since progress there could ease some of the pressure on Stellantis stock. Movement toward a strike would point the other way and could widen the risk to production at the company’s active plants.
Ford stock and General Motors stock are barely moving, which keeps the market impact of the dispute centered on Stellantis. Traders could keep an eye on both Detroit names for any sign that Canadian labor tension starts to weigh on the wider auto group. Any sharper drop in Ford shares or General Motors shares could signal that the concern is spreading beyond Stellantis.
Stellantis stock can swing hard on a single headline after a decline this steep, and the Canadian standoff could keep that volatility elevated. Shareholders should keep their positions modest and size their exposure for a range of outcomes, from a settlement to a strike. A firm risk limit on any Stellantis stake can help stockholders stay disciplined if the dispute drags on.
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GM podle odborů vyrobí v Kansas City asi 35 000 Chevroletů Bolt, zhruba o 75 % méně než původně plánoval. Výroba skončí v prvním čtvrtletí příštího roku.
General Motors (GM.N) is building about 75% fewer Chevrolet Bolt electric vehicles than had originally been planned before federal support for EVs was yanked last year, a union official said.
The Kansas City-area plant where the Bolt is made is now on pace to make about 35,000 of the small SUVs in total before production of the vehicle ends in the first quarter of next year, said Dontay Wilson, president of the United Auto Workers local chapter that represents factory workers.
The plant originally had been on track to make around 150,000 Bolts by then, Wilson told Reuters Monday. The union's estimate is based on the daily volume of vehicle production at the plant, and not a number provided by GM, he said.
In a statement, the Detroit automaker declined to comment on Bolt production. “We continuously evaluate market dynamics and customer demand,” it said.
The curbed output reflects how automakers have scaled back EV plans after several policy moves by the Trump administration and Republican lawmakers to withdraw federal subsidies for battery-powered cars. EV sales fell sharply following the removal of a $7,500 tax credit for EV buyers in September 2025.
LIMITED-RUN MODEL
GM sold an earlier version of the Bolt from 2016 to 2023. It has touted the new model, which went on sale early this year at a starting price of $27,600, as an affordable option in a market full of pricey EVs.
The Detroit automaker sold 4,224 Bolts this year through August. The company has said it will be a “limited run” model, but has not said when it will be discontinued.
GM still makes about a dozen EVs but has retooled some plants to make gas-engine models instead. The automaker has recorded $10.9 billion in EV-related charges since the second quarter of 2025, joining other companies in walking back big investments in electrics.
NEW VEHICLES COMING FOR KANSAS PLANT
A run of about 35,000 Bolts would be relatively small compared with other popular EVs on the U.S. market. Tesla (TSLA.O) sells about that many Model Y SUVs in a quarter. Ford (F.N) sold 51,620 electric Mustang Mach-E SUVs last year.
The lower-than-expected production of the Bolt delayed the hiring back of a second work shift at the Kansas City-area factory, according to a memo to workers from a GM plant director and viewed by Reuters. There are nearly 1,000 employees on indefinite layoff, Wilson said.
The plant is in line for more work, though, with GM’s plans to begin production next year of the gas-powered Chevrolet Equinox, which now is built in Mexico. GM is also shifting production of the Buick Envision SUV from China to the factory.
MP Materials (MP -0.95%) was early to the rare-earth metals story, positioning the company well as the importance of these materials became more widely understood. In fact, rare-earth metals are so important that the U.S. government even stepped in to provide the company with financing. The company's next big step is coming in the fourth quarter, when it expects to start commercial shipments of rare-earth magnets to General Motors.
MP Materials is in the right place at the right time The big problem with rare-earth metals is that much of the world's supply comes from China. China has proven more than happy to use access to rare-earth metals as a geopolitical bargaining chip. In fact, China's threats to limit supply led automakers to warn that they may be unable to produce enough vehicles in mid-2025. The problem, however, is much bigger than the auto sector.
Image source: Getty Images.
Rare-earth metals go into high-tech products from cars to cellphones to missile defense systems. That last one makes access to rare-earth metals an issue governments can't ignore and helps explain why MP Materials is so well positioned. It is building a rare-earth metals business in the United States, a politically and economically stable region that will attract customers from Western nations. Of course, the company will also be well-positioned to supply its home market, including the U.S. defense industry. This is why the U.S. government is helping to fund MP Materials.
That said, MP Materials is still a start-up company. In the second quarter of 2026, it lost $0.01 per share on an adjusted basis amid heavy capital investments in its business. To be fair, that was an improvement over the $0.13 per share loss in the same quarter of 2025. Notably, revenues increased 89% year over year in the quarter. There is material progress being made here.
The next big step is already taking shape One of the key achievements in the second quarter was MP Materials' shipment of rare-earth magnets to General Motors (GM +2.56%) for testing. Suppliers are rigorously tested before they get approved by automakers, given how important safety is in the car industry. MP Materials expects to start commercial shipments in the fourth quarter of the year.
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Being included in an automaker's supply chain is a very big deal. It basically means MP Materials could have a reliable customer for years to come. GM could be the foundation on which the company builds its customer base. The GM relationship could also help the company move from a money-losing start-up to a sustainably profitable business.
To be fair, GM isn't the only customer that MP Materials is working with. For example, in the second quarter earnings release, it announced an agreement with a "new American aerospace and defense customer." The company also highlighted efforts to court drone manufacturers, stating that it had "executed subscription agreements with multiple leading U.S. and allied customers." So there is more going on here than just GM. But GM will be a very important milestone from a business development perspective.
MP Materials' next step is really a leap It is still fairly early in MP Materials' development as a business. So agreements are great, but the company really needs to prove that it can reliably supply customers with rare-earth metals. That's the test it is about to face with GM. If MP Materials passes this test, then it will also have proven to the market that the long-term investment opportunity here is real. That's way more valuable than what it will earn from GM.
GM rozšiřuje bateriový byznys mimo elektromobily a dodává LFP články pro energetické úložiště i datová centra v Severní Americe. Firma také spolupracuje na nasazení zhruba 10 000 baterií do infrastruktury včetně datového centra s AI Crusoe v Nevadě.
The AI boom is creating a battery opportunity far beyond electric vehicles. General Motors Co (NYSE:GM) is adapting its U.S. battery operations for grid storage and AI data centers, putting the automaker into a market where China has a commanding supply-chain position.
For GM, the bigger opportunity may be selling the infrastructure that keeps AI running.
GM Takes Batteries Beyond EVsGM is changing what its battery business is designed to do. Instead of focusing exclusively on batteries that move vehicles, the automaker is developing technology for stationary storage, where batteries can help supply power when the grid comes under pressure.
GM is working with Peak Energy on sodium-ion batteries designed specifically for grid-scale storage. The company plans to develop prototype cells at its Wallace Battery Cell Innovation Center in Michigan. GM says sodium-ion technology could offer a lower-cost option for applications where durability and economics matter more than energy density.
GM is also moving beyond prototypes. Ultium Cells, its battery joint venture with LG Energy Solution, began producing LFP battery cells for energy storage at its Tennessee facility in July after a $70 million retooling investment. The company says the cells will support grid-scale and data-center projects across North America.
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China’s Battery AdvantageThat expansion matters because the AI power buildout is colliding with a battery supply chain heavily concentrated in China.
The International Energy Agency says LFP batteries account for around 90% of global battery-storage deployments, while China represented roughly 60% of new battery-storage capacity added globally in 2025. The IEA also says China dominates LFP materials and precursor production.
GM’s U.S. manufacturing footprint does not eliminate that dependence. But it gives the company a way to help build more domestic battery capacity as electricity demand from AI grows.
That opportunity is already moving beyond the factory floor.
AI Creates A New CustomerGM says it is working with Redwood Materials to deploy roughly 10,000 GM batteries into energy infrastructure, including at Crusoe’s AI data center in Nevada. The project gives GM a real-world test of whether its battery technology can serve customers outside the auto industry.
For investors, the key question is whether this remains an adjacent project or becomes a meaningful new business. LFP production, commercial progress on sodium-ion batteries and additional data-center deployments are the milestones to watch.
If GM can scale those efforts, its battery business could become an unexpected play on AI infrastructure, grid resilience and the U.S. push to diversify away from China.
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General Motors čeká, že v roce 2026 skončí blízko horní hranice výhledu a v roce 2027 bude mít výrazně lepší cash flow. Firma zároveň vidí silnou poptávku po pick-upech a SUV.
These 3 Stocks Are Drawing Insider Buyers for Very Different ReasonsGeneral Motors NYSE: GM Chief Financial Officer Paul Jacobson said the automaker remains on track to finish 2026 near the higher end of its full-year guidance after raising its outlook twice this year, citing continued consumer resilience, disciplined inventory management and a broad vehicle portfolio.
Speaking with JPMorgan Head of U.S. Equity Research Rajat Gupta, Jacobson said GM is beginning its planning process for 2027 and expects several operational improvements to support earnings and cash flow beyond the current year. However, he cautioned that commodity costs, inflation and geopolitical developments remain uncertain.
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Cash flow and capital allocation MarketBeat Week in Review – 09/07 - 09/11Jacobson highlighted GM’s improvement in free cash flow over the past decade. He said the company averaged approximately $3 billion in free cash flow during the first five years of that period and more than $10 billion during the last five years.
GM has set annual capital spending around $10 billion to $12 billion, according to Jacobson, while maintaining a capital-allocation framework centered on investing in the business, preserving a strong balance sheet and returning capital to shareholders. He said GM’s pension plan is close to fully funded, its credit metrics have a generally positive bias from rating agencies, and its debt levels are healthy.
GameStop’s Comeback Case Is Getting Interesting, But eBay Still Looks StrongerThe company has retired more than 37% of its shares outstanding since 2013, Jacobson said. He added that GM remains committed to repurchases as long as it continues to see a double-digit free-cash-flow yield and what it views as a low valuation multiple.
“We trade at a discount to many of our peers who are underperforming,” Jacobson said, adding that GM believes its more consistent operating performance and efforts to reduce cyclical volatility should support a higher multiple over time.
Consumer demand, trucks and 2027 outlook Jacobson said consumer sentiment surveys have diverged from actual purchasing behavior in recent years. While sentiment has been weak, he said GM continues to see stable demand for full-size trucks and SUVs, consistent market share and resilient customer finances.
GM Financial, which Jacobson said has a $125 billion balance sheet, provides the company with visibility into delinquency and default trends. He said those indicators have largely normalized around pre-COVID levels and have not materially changed in a way that raises immediate concern.
He said the company is focused on avoiding heavy discounting to chase incremental volume. GM has maintained discounting that is roughly 150 to 250 basis points below the industry average while retaining share, he said.
The company expects its new full-size pickups to reach showrooms toward the end of 2026. GM previously said it would be short roughly 35,000 trucks in the fourth quarter during the production transition. Jacobson said the launch is progressing well, with preproduction vehicles and powertrain testing performing as expected.
GM expects a richer mix of trucks to provide pricing and mix benefits in 2027, though volume is likely to remain relatively flat until production ramps later in the year. He characterized 2028 as a potential year for greater truck-volume upside.
For 2027, Jacobson said improvements in electric-vehicle profitability, warranty costs, new trucks and digital revenue are multiyear tailwinds. He said cash flow should be “substantially better” in 2027 than in 2026 as GM works through most of the EV restructuring cash payments made this year.
Warranty, costs and supply chain resilience Jacobson said GM is seeking to reduce warranty spending and improve quality. Monthly cash warranty spending has flattened and begun to trend lower, he said, while the related expense recognition lags that improvement.
He said GM’s goal is to return to its historical quality levels and ultimately become a world-class quality leader. Jacobson compared GM’s warranty spending, which he said is closer to 2% of revenue, with approximately 1.2% for Toyota and others. The company is using technology in manufacturing, supply-chain processes and vehicle data to identify problems earlier, he said.
Looking ahead, Jacobson said GM plans to focus more on structural cost reductions, including potential applications of artificial intelligence, rather than relying solely on price increases to offset inflation. He said the company does not want to reduce costs in ways that diminish vehicle quality.
GM also established a $4.5 billion purchasing facility with relationship banks to provide additional supply-chain resilience. Jacobson said the structure can help the company maintain more consistent free cash flow without building a large inventory position, while offering cushion inventory for potential disruptions. He identified chips as a particular area of supply-chain volatility.
Digital services and customer relationships Jacobson said GM expects to end the year with approximately $7.5 billion in deferred digital revenue and to recognize about $3 billion in digital revenue this year, with double-digit growth expected to continue. He said the recognized revenue carries “software-like” margins.
A portion of that growth is already supported by deferred revenue amortization, while subscriptions are also expanding. Jacobson said about 35,000 vehicles this year are reaching the end of a three-year Super Cruise period, with new subscription attachment rates of 30% to 40%. That vehicle count is expected to double next year.
GM is also making Super Cruise available on more vehicles, including beyond premium trims, and sees future opportunities for subscription services through OnStar Digital and connected-vehicle capabilities. Jacobson said the company intends to continue expanding disclosures about digital operations but does not expect to report them as a separate segment because they remain closely tied to vehicle sales.
Beyond digital services, Jacobson said GM Financial, GM Insurance and GM Rewards can deepen customer relationships. He said GM Insurance may benefit from lower customer-acquisition costs at the point of vehicle purchase and from GM’s ability to repair vehicles with GM parts or replace vehicles more quickly following an accident.
Jacobson also said the company is using artificial intelligence across functions, including finance, product development, manufacturing quality and supplier collaboration. He said AI could help accelerate decision-making, improve productivity and shorten product-development cycles.
About General Motors (NYSE:GM)General Motors Company NYSE: GM is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells cars, trucks and sport utility vehicles through its Chevrolet, Buick, GMC and Cadillac brands.
GM's product portfolio includes gasoline-powered and electric vehicles, full-size pickup trucks, commercial vehicles and luxury automobiles. The company is developing battery-electric and other advanced vehicle technologies, while also offering connected-vehicle services through its OnStar platform.
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General Motors ve 2. čtvrtletí zvýšil tržby o 1,9 % na 48,0 miliardy USD a upravený zisk na akcii (EPS) o 41,3 % na 3,57 USD. Zároveň zvedl celoroční výhled upraveného EBIT na 14–16 miliard USD.
Key Takeaways GM shares gained 43.3% in a year, while Q2 2026 adjusted EPS rose 41.3% and revenues climbed 1.9%.GM raised 2026 adjusted EBIT guidance to $14-$16B after Q2 adjusted EBIT increased 29.8% to $3.9B.GM faces cost pressure as Q2 expenses rose to $46.6B and net income fell 31.1% to $1.3B. General Motors Company (GM - Free Report) has delivered an impressive performance over the past year. Its shares have gained 43.3%, outperforming the 1.3% rise of the Automotive - Domestic industry and the 17.6% rise of the Zacks S&P 500 composite.
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GM’s revenues are anticipated to increase 0.35% and 2.14% year over year in 2026 and 2027, respectively. Earnings are estimated to rise 26.4% in 2026 and 10.14% in 2027. The company has an estimated long-term (three- to five-year) earnings per share (EPS) growth rate of 13.3%.
Factors That Augur Well for GMGeneral Motors’ new user interface for its 2027 Chevrolet Silverado and GMC Sierra pickup trucks is expected to enhance the overall driving experience through intuitive layouts, advanced 3D visualization and personalized controls. The integration of trailering, off-road and Super Cruise features, along with improved Apple CarPlay and Android Auto functionality, could further strengthen the appeal of GM’s high-volume pickup lineup. The company’s focus on software-driven capabilities and seamless vehicle-mobile integration also highlights its efforts to differentiate its trucks through advanced technology and connected features.
GM's long history of safety innovation highlights its sustained focus on developing technologies aimed at improving vehicle safety and reducing crash-related risks. From the electric self-starter, crash testing and energy-absorbing steering columns to airbags, OnStar, Rear Seat Reminder and Buckle to Drive, GM has introduced several safety features that have influenced the broader automotive industry. The company’s efforts to make key active safety technologies standard across most of its vehicles further underscore its commitment to enhancing safety while strengthening the value proposition of its lineup.
The company’s $250,000 grant to the College for Creative Studies and its support for Detroit’s arts community highlight its commitment to nurturing future design talent and strengthening its ties with the city. The Art + Cars exhibit and long-term loan of artwork to the Detroit Institute of Arts further reinforce GM’s focus on design, creativity and community engagement, which could support its brand image and help foster the next generation of automotive designers.
General Motors’ launch of the Stars, Stripes and Skilled Trades initiative highlights its efforts to strengthen the skilled workforce while supporting veterans and military families. By providing grants ranging from $100,000 to $500,000 to workforce nonprofits and expanding pathways into manufacturing and skilled-trade careers, the program could help GM build a stronger talent pipeline while reinforcing its presence in communities near its facilities.
Moreover, in the second quarter of 2026, GM delivered solid operating performance, with revenues rising 1.9% year over year to $48.0 billion and adjusted EBIT increasing 29.8% to $3.9 billion. Adjusted EPS grew 41.3% to $3.57, while adjusted automotive free cash flow surged 78% to $5.0 billion. The improved performance supported GM’s decision to raise its full-year 2026 adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion, highlighting stronger operating momentum.
GM: Key Risks to WatchGeneral Motors is facing significant pressure from macroeconomic volatility, which is driving up expenses and weighing on its bottom line. In the second quarter of 2026, total costs and expenses rose to $46.6 billion from $45.0 billion a year ago, while net income declined 31.1% to $1.3 billion. The elevated cost base could continue to pressure GM’s profitability and limit margin expansion going forward.
General Motors’s Zacks Rank & Stocks to ConsiderGM currently carries a Zacks Rank of #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks for investors’ consideration are Honda Motor Co. (HMC - Free Report) and Fox Factory Holdings (FOXF - Free Report) .
HMC currently sports a Zacks Rank #1. The company has an expected earnings growth rate of more than 100% and 62.6% for 2026 and 2027, respectively.
FOXF currently sports a Zacks Rank of 1. The company has an expected earnings growth rate of 44.3% and 21.3% for 2026 and 2027, respectively.
The company has an encouraging earnings surprise history, as it has topped the Zacks Consensus Estimate in three of the trailing four quarters, missing in the remaining one, delivering an average earnings surprise of 53.8%.
GM Defense dodala Lockheed Martin první komponenty pro raketu PAC-3 v rámci nové dohody. General Motors čeká, že obranná divize v roce 2026 přinese tržby asi 700 milionů USD.
Key Takeaways GM Defense supplied its first PAC-3 interceptor components to Lockheed Martin under a new agreement.GM expects its defense unit to generate about $700 million in 2026 revenues.GM is positioned for a potential $1 billion contract to build 10,000 Infantry Squad Vehicles. General Motors Company (GM - Free Report) is supplying components for Lockheed Martin Corporation’s (LMT - Free Report) Patriot missile defense system under a recently signed agreement between the two companies.
Lockheed Martin confirmed on Sept. 17, 2026, that it had received its first shipment of mission-critical components manufactured by GM Defense for the PAC-3 Missile Segment Enhancement interceptor missile.
Per the Detroit Free Press, Lockheed Martin and GM Defense, General Motors’ defense subsidiary that also manufactures vehicles for the U.S. Army, are discussing additional collaboration as the United States seeks to expand its weapons stockpiles.
Per General Motors spokesman Jim Cain, the company would not disclose the contract’s value or production volumes because the information is proprietary. General Motors also declined to identify the manufacturing location, citing potential operational and security concerns.
GM Defense leveraged its advanced casting and machining capabilities to manufacture the components in accordance with stringent defense requirements. The first shipment arrived at Lockheed Martin on Aug. 28, 2026, less than a month after the companies formally signed the agreement on Aug. 6, 2026.
Per General Motors’ CEO Mary Barra, the defense business is a significant growth opportunity for the automaker. General Motors expects the unit to generate approximately $700 million in revenues in 2026 while developing a backlog of future programs that could deliver double-digit profit margins over the coming years. General Motors is also collaborating with Lockheed Martin and other major industry players to improve the speed, scale and resilience of the U.S. defense industrial base.
Additionally, General Motors is positioned to secure a potential $1 billion contract to manufacture 10,000 Infantry Squad Vehicles for the U.S. military, based on the Chevrolet Colorado platform.
General Motors’ Zacks Rank & Key PicksGM currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Garrett Motion Inc. (GTX - Free Report) and China Yuchai International Limited (CYD - Free Report) . While GTX sports a Zacks Rank #1 (Strong Buy), CYD has a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for GTX’s 2026 sales and earnings implies year-over-year growth of 7.2% and 25.7%, respectively. The EPS estimate for 2026 and 2027 has improved 10 cents each over the past 60 days.
The Zacks Consensus Estimate for CYD’s 2026 sales and earnings implies year-over-year growth of 58.6% and 68.6%, respectively. The EPS estimate for 2026 and 2027 has improved 36 cents and declined 7 cents, respectively, over the past 60 days.
UBS zvýšila cílovou cenu akcií General Motors z 102 USD na 114 USD a ponechala doporučení Buy, protože trh podle ní podceňuje digitální byznys. Ten má letos přinést asi 3,2 miliardy USD výnosů.
Recently, UBS raised its price target sharply on shares of General Motors (NYSE:GM) days before the automaker reports earnings, claiming investors overlook a part of the business.
The bank believes the shares have a chance to move way higher than today’s price. Investors now have to decide whether the reason for the call is valid enough.
UBS lifts its General Motors price target to $114 before earningsUBS analyst Joseph Spak raised his price target on General Motors to $114 from $102 on Monday, September 14, and kept his Buy rating. The new target is about 33% above the stock’s $85.62 close last Friday, and it landed weeks before GM reports third-quarter results on October 20.
Spak has followed General Motors for years, and he usually covers automakers for UBS, so his call has some influence. That is why when he said “GM’s digital capabilities are an underappreciated and undervalued opportunity,” he caught investors attention.
He feels the market is not paying enough attention to GM’s fast-growing software business.
How OnStar and Super Cruise reshape General Motors’ revenueGeneral Motors makes most of its money selling trucks and other vehicles under the Chevrolet, GMC, Buick, and Cadillac brands. It also lends to buyers, in the form of auto loans and vehicle leases, through GM Financial.
Software is a newer part of the business. The company owns OnStar, a connected-services platform that now has more than 12 million customers. It also owns Super Cruise, which is an automated highway driving system. These parts of the business are another source of recurring revenue.
UBS expects that digital business to grow from about $3.2 billion in revenue this year to $9.6 billion by 2036, Proactive reported.
Spak said the change matters because “digital creates a recurring, less cyclical, higher margin revenue stream” that deserves a better valuation than GM’s core operations, Yahoo Finance reported. The digital business already makes up close to a fifth of GM’s operating profit.
Why steady software income could support General Motors stockRecurring software income is something investors can expect every month. It also carries high margins once the hardware is built, and holds up better when vehicle demand reduces.
GM’s finance chief, Paul Jacobson, has called OnStar an “underappreciated asset that is growing,” and he sees it as the foundation for future software-driven vehicles.
The company raised its full-year profit outlook to between $14 billion and $16 billion after a strong first half, and it beat expectations on second-quarter earnings. Citi and other banks have also lifted their price targets on the stock.
What General Motors investors should watch before buyingOnly 30% to 40% of Super Cruise users continue paying after the trial period, so its growth depends on keeping those customers for many years.
GM also took a hit of about $900 million in gross tariff costs in the second quarter and faces a proposed 50% duty on Canadian-built vehicles. The stock is also close to its 52-week high, which makes it highly vulnerable to a pullback if the third quarter disappoints.
Investors should pay close attention to the October 20 earnings report. Look for clearer figures on how much digital revenue the company actually makes, any increase in the number of Super Cruise subscribers, and if there are any changes to guidance.
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.
GM Defense dodala Lockheed Martin díly pro interceptor PAC-3 MSE, používaný v systému Patriot. Zakázku uzavřely 6. srpna a první dodávka přišla za 22 dní.
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America's biggest carmaker is building for the US military. credit should read BULENT KILIC/AFP via Getty Images General Motors is adding missile parts to its manufacturing résumé.
On Thursday, major defense contractor Lockheed Martin announced that GM Defense — the automaker's military subsidiary — had delivered housing components for the PAC-3 Missile Segment Enhancement interceptor, a missile used by the Patriot air-defense system. The companies entered into a formal contract on August 6, and the first batch of components was delivered to Lockheed 22 days later, the companies said.
Tim Cahill, Lockheed Martin's president of missiles and fire control, called it an "extraordinary 22‑day turnaround."
Demand for Patriot interceptors, particularly the advanced PAC-3 MSE built for complex threats, has surged as the wars in Ukraine and against Iran strain US and allied inventories.
Over recent months, media reports and think tank assessments have raised concerns about US munition stockpiles, including Tomahawk land-attack cruise missiles and Patriot interceptors.
The Pentagon and the White House have dismissed concerns about the status of the US stockpiles. A newly released Department of Defense Inspector General report said that "munitions expenditure in [Operation Epic Fury] has resulted in strategic inventory shortfalls and revealed industrial base bottlenecks for munitions resupply." It did not specify which kinds of munitions.
The US defense industry is also expanding munition production in partnership with the Pentagon.
GM isn't building the entire interceptor. Still, its component production marks a notable expansion for a defense business better known for military vehicles.
During a July earnings call, Mary Barra, the automaker's CEO, called defense a "growth business" and said the company was targeting nearly $700 million in defense revenue this year.
"GM Defense is another compelling growth opportunity that enables us to deliver defense solutions faster with better economics for the US taxpayer," she said.
GM isn't alone. Ford CEO Jim Farley also said during a July earnings call that his company is "continuing to discuss additional Defense-related projects with the US government."
Lockheed Martin and GM said they plan to apply their partnership to other munitions programs and future defense systems. Lockheed said it is investing between $8 billion and $9 billion to scale production of weapons, including the PAC-3 MSE. It expects its munitions production and warehouse space to grow by nearly 50%.
"We're proud to support production of this country's critical defense capabilities," Stephen duMont, the president and CEO of GM Defense, wrote in a press release. "We look forward to putting these strengths to work in support of our nation's security and the people who protect it."
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Ben Shimkus You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Ben Shimkus is a reporter for the Business News desk. He writes about cars, transportation, retail, and jobs. Ben's reporting has appeared in Rolling Stone, The Verge, Automotive News, USA Today, AutoBody News, LGBTQ Nation, TopSpeed, and Out Magazine. He's also held staff writing positions at The U.S. Sun and the Daily Mail. He graduated from NYU with a Master's in journalism in 2024. Email Ben at [email protected] or message him privately on Signal at bshimkus.41.
GM u nových pickupů Silverado a Sierra zůstává u dieselu, zatímco Ford a Ram sázejí na hybridy. Nový diesel má nabídnout dojezd přes 900 mil na dálnici.
General Motors (GM.N) is sticking with a diesel engine to maximize fuel efficiency as it rolls out a next-generation pickup truck, diverging from rivals’ hybrid offerings.
GM plans in the fourth quarter to launch the first major redesign since 2019 of its most important vehicles: the Chevrolet Silverado and GMC Sierra pickup trucks. Combined, they are the Detroit automaker’s top-selling models globally and account for the bulk of the company’s profits.
To boost fuel economy, GM said Thursday that the trucks will offer an improved diesel engine that, combined with an optional larger fuel tank, will deliver a highway driving range of more than 900 miles before needing a fill-up.
GM’s main competitors in light-duty pickup trucks, Ford (F.N) and Ram-maker Stellantis (STLAM.MI), are relying on hybrids to wring the most fuel efficiency from their pickups. GM has largely sidestepped hybrids over the years.
“It's a bit different than adding a hybrid system to an existing powertrain and trying to get the efficiency out of something like that,” GM President Mark Reuss said of the 3.0-liter diesel engine during a media briefing.
Reuss acknowledged high diesel prices, which topped $6 per gallon last week, an all-time high. He drew a distinction between temporary price spikes from geopolitical events and structural increases, and said GM is betting on the superior efficiency of diesels in the long run.
Ford early this decade discontinued a diesel engine on its F-150 in favor of a hybrid model, which it said offered a better combination of power and fuel efficiency. A spokesman said Thursday: “We’re going to do what’s right for F-150 customers, regardless of what the competition says or does.”
DIESELS HAVE BETTER MPG, BUT FACE HIGHER PRICES
GM’s redesign of the Silverado and Sierra unofficially marks the next phase of Detroit’s long-running battle in the pickup-truck market. Ford is expected to roll out the next generation of its F-150 in 2028, forecasters say.
GM, Ford and Stellantis account for more than 90% of sales in the lucrative U.S. market for big pickups, and compete fiercely for bragging rights on performance metrics like towing capacity and fuel economy.
Diesel engines generally provide better highway fuel efficiency than gas engines, which is why large cargo trucks typically use diesels.
Each of the Detroit companies offer diesels in their larger, heavy-duty pickups, such as Ford’s Super Duty and the Ram 2500. But their approaches have diverged on their light-duty trucks: Ford’s F-150, the Silverado and Sierra and Ram’s 1500.
Ford’s four-wheel drive hybrid gets 23 miles per gallon on average, according to its federal rating. GM’s current four-wheel-drive diesel versions of its Silverado and Sierra get 24 mpg. However, because diesel prices typically are higher than gas, owners of the GM trucks would pay about $1,050 per year, based on 15,000 miles driven, the federal estimate shows.
Ram has plans for a so-called extended-range hybrid pickup truck, a type of plug-in hybrid that it says will get 690 miles between stops.
GM also said the redesigned Silverado and Sierra trucks will have two new V-8 engines that will be larger and more powerful than the outgoing ones, with lower tailpipe emissions.
GM představila pro modely Chevrolet Silverado 1500 a GMC Sierra 1500 dva nové motory V-8 a další úpravy pohonných jednotek pro rok 2027. Automobilka tím chce udržet vedení v segmentu velkých pickupů.
DETROIT — The buzzing of all-electric vehicles has once again been overtaken by the revving of V-8 engines in the Motor City amid deregulation by the Trump administration and lackluster demand for EVs.
General Motors followed Ford Motor this week in touting new and improved gas-powered engines as well as a class-exclusive diesel option to build upon GM's highly profitable full-size pickup truck business.
The Detroit automaker on Thursday released details of the engine lineup for its upcoming 2027 Chevrolet Silverado 1500 and GMC Sierra 1500 pickup trucks that include two new V-8 engines, a carryover inline-six-cylinder diesel engine and an enhanced four-cylinder turbocharged option.
GM executives said they expect the upgraded engine lineup and the redesigned pickup trucks to continue the automaker's six consecutive years of sales leadership over its competitors in the segment, including Ford and Chrysler parent Stellantis.
"If we don't stomp the competition with these trucks, then I'd be very sad and questioning myself. That's the goal," GM President Mark Reuss said during a media event Wednesday at the automaker's massive Flint Engine plant near Detroit. "That's what success looks like: continued truck leadership."
While Ford, which also updated its engine offerings for the 2027 model year, is the top-selling full-size truck and brand with its F-Series lineup, Chevrolet and GMC combined have outsold Ford since 2020.
The full-size pickup truck market is more than marketing claims and bragging rights — it's massively profitable for the Detroit automakers, with Ford previously saying its F-Series business generated more revenue than many Fortune 100 companies.
Full-size trucks in the U.S., including light-duty models and larger variants, are what pay the bills for U.S. automakers and allow them to invest in emerging markets and technologies.
"This is history today and we don't take that lightly," Reuss said about the launch of its new trucks with GM's sixth generation of small-block V-8 engines, which the company first produced in 1955.
The segment continues to help offset losses of EVs, which have been a major focal point for the automotive industry this decade. But that focus has changed with the Trump administration's moves to remove federal support of up to $7,500 in incentives to purchase an EV and reduce or eliminate federal fuel economy rules and penalties.
GM said the decision to build a new generation of V-8 engines occurred far before the Trump administration's regulatory changes, as it takes years to develop such products. It said development of its Gen 6 small-block engine started in 2018.
2027 'truck wars'The 2027 model year marks the newest "truck wars" for the Detroit automakers.
While GM, Ford and Stellantis regularly compete with one another, the pressure and attention is renewed whenever one automaker introduces new or redesigned versions of full-size pickup trucks, like GM is for the 2027 model year.
"Full-size pickup trucks are crucial for the three companies, without any doubt," Stephanie Brinley, associate director of Mobility Global's AutoIntelligence, said. "Part of the reason that we have the truck wars cadence that we do is simply because products get refreshed so often."
The new battle renews a focus on V-8 engines. Ford is expanding the availability of trucks with the engines, while Ram is touting the ongoing return of its Hemi V-8 engines, including new performance "muscle trucks," and GM is rolling out two new V-8 engines.
While many vehicle segments and automakers have dropped V-8 engine options amid tougher fuel economy standards and improved performances in smaller engines, the large, gas-guzzling models continue to sell well in pickup trucks thanks to their ability to tow and haul heavy things.
Analysts have said all-electric pickup trucks have failed to sell well, among other reasons, because many customers use the vehicles to tow or haul objects, which significantly reduces an EV's range.
Even as hybrid vehicles have rapidly increased in sales this year, pickup trucks have remained an outlier. Part of that is a lack of choices, but hybrid leader Toyota Motor reports only 18.7% of its Tundra full-size pickup truck sales this year have been hybrids.
"No one has the efficiency on a diesel that we have," GM's Reuss said. "So if you look at the performance efficiency, but also in raw performance and range, hybrids don't do it. … At the end of the day, we have focused on something that the customer wants, and that's what we have here."
GM reports a majority of sales of its full-size pickup trucks this year are models with V-8 engines, including 55% for the Chevy Silverado and roughly 61% for the GMC Sierra 1500. The 3.0-liter TurboMax diesel engine represents 20% of sales for Sierra 1500 and 35% of sales for Silverado 1500.
When Ram dropped its well-known V-8 Hemi engines from its pickups for a more efficient inline six-cylinder, sales suffered so much the brand last year announced plans to resurrect it, but supplies remain tight.
"Ram showed that you can lose buyers by not having [V-8 engines] available," Brinley said. "Part of it is because of that expectation that there is something that the V-8 is better at."
SalesFull-size pickup trucks have led new U.S. vehicle sales for decades, with Ford's F-Series claiming to be the top-selling vehicle since 1981.
GM's Chevrolet Silverado has typically followed at No. 2, with Ram not too far behind and the GMC Sierra with varying top 10 sales rankings.
GM's plans to "stomp" the competition may be easier said than done, but the company has made gains against Ford, which has battled production issues over the past year due to supplier fires.
Pickup truck buyers are among the most loyal customers in the U.S. automotive industry. Mobility Global, formerly S&P Global Mobility, last year reported the Silverado 1500, F-150 and Ram 1500 have regularly ranked among U.S. vehicles with the highest brand loyalty.
However, there can be dips in loyalty when changes are made, such as when Ram canceled its Hemi, or automakers deal with recall issues.
GM's new V-8 engines, which also are used for its full-size SUVs, come as the automaker continues to deal with issues with some of the engines in its current generation.
The National Highway Traffic Safety Administration opened an investigation into GM's 6.2-liter V-8 over continued failures, even after the automaker recalled and said it had fixed engine issues.
Norman Peralta, GM executive chief engineer of global engines and battery systems, said the company is cooperating with the NHTSA and is "very confident" the new engines will not have similar problems.
Sales of GM's pickups through the first half of this year were level for Sierra compared with a year earlier, while Silverado is off 4.6%. That compares with a 19% increase for Ram and a 13% decline for the F-Series amid its supplier issues.
General Motors uvedla, že třetí čtvrtletí běží podle plánu a rok 2027 může přinést růst tržeb, EBIT i volného peněžního toku. Firma sází na novou platformu pro pick-upy, digitální služby a nižší ztráty z EV.
MarketBeat Week in Review – 09/07 - 09/11General Motors NYSE: GM Chief Financial Officer Paul Jacobson said the automaker’s business is tracking consistently with its expectations for the third quarter, supported by resilient consumer demand, disciplined inventory management and production running near maximum levels across its system.
Speaking with Morgan Stanley auto analyst Andrew Percoco, Jacobson said industry demand had been somewhat stronger than GM anticipated entering the third quarter. However, because GM is primarily a wholesale business and is operating near full production, stronger retail demand has chiefly supported pricing discipline and incentive levels rather than materially changing its production outlook.
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GameStop’s Comeback Case Is Getting Interesting, But eBay Still Looks StrongerFor the fourth quarter, Jacobson said GM still expects normal seasonal weakness compared with the second and third quarters, compounded by an expected loss of roughly 35,000 truck units during the transition to the company’s next-generation pickup platform.
2027 outlook centers on controllable factors Jacobson reiterated GM’s view that revenue, EBIT and free cash flow could grow in 2027, while noting that tariff uncertainty, commodity inflation, fuel prices and logistics costs remain external risks.
3 Stocks With September Catalysts Investors Shouldn’t IgnoreHe said the company sees several internally controllable opportunities, including the launch of its new truck platform, additional capacity from the Orion facility, onshoring initiatives, lower EV losses, warranty improvements, digital-revenue growth and expansion in defense-related business.
“We have the new truck platform, that should be good for pricing,” Jacobson said, adding that GM’s outgoing truck generation has performed strongly in its final year. He said the company is focused on maintaining long-term brand value rather than pursuing marginal volume through higher incentives or discounting.
Jacobson also pointed to GM’s free-cash-flow record. He said the company averaged approximately $3 billion annually in free cash flow during the first half of the past decade, compared with more than $10 billion annually over the past five years. He said 2026 cash flow has partly been used to address EV production and capacity issues, while GM expects to be “largely free” of those efforts next year.
Warranty and EV profitability remain priorities Jacobson acknowledged that GM’s quality performance is not where the company wants it to be. He said GM is using predictive analytics, expanded supply-chain oversight and closer coordination among dealers and engineers to reduce warranty costs and catch issues earlier.
Among its efforts, GM is seeking to avoid replacing entire transmissions, engines or powertrains when individual components can be repaired. Jacobson said monthly warranty spending rates have begun to plateau and that the company is starting to see improvement. GM has previously discussed a $1 billion to $1.5 billion opportunity related to warranty performance, though Jacobson described the effort as a multiyear process.
For the next-generation trucks, he said GM’s Gen 6 powertrain has accumulated more than 1.5 million miles of road testing. “Changeovers are hard,” Jacobson said, but added that the company is focused on delivering a successful launch for customers.
On electric vehicles, Jacobson said profitability has been pressured by tariffs and the loss of EV credits that had previously supported variable profitability. GM has responded by rationalizing capacity and concentrating investment on vehicle architecture, battery-cell technology and lower costs rather than expanding its EV lineup.
He said 2027 could represent a relatively flat period in GM’s EV progress, depending on volume, while 2028 could bring a more substantial improvement as the company begins producing LMR battery technology. Jacobson said the technology is expected to provide premium performance and power capability at the cost of LFP battery technology, potentially reducing battery-pack costs by thousands of dollars per vehicle.
Digital services and Super Cruise expansion Jacobson said GM expects about $3 billion in digital revenue this year and sees continued double-digit growth. The company’s digital strategy includes OnStar connectivity, subscription services and its Super Cruise driver-assistance system.
GM continues to see Super Cruise renewal attachment rates of 30% to 40% after the system’s three-year prepaid period, Jacobson said. He added that approximately 80% of customers who do not renew had not used Super Cruise in the six months before their subscription expired.
The company plans to improve Super Cruise through expanded road coverage and software updates, while working to reduce hardware and software costs and offer the feature more broadly. GM expects its deferred-revenue balance to approach $7.5 billion by year-end, Jacobson said, driven by connected-vehicle services and Super Cruise subscriptions.
Jacobson said GM is targeting “eyes off, hands off” highway driving capability in 2028 on the Escalade IQ. He characterized the eventual expansion of the technology across more of GM’s portfolio as an integration challenge once the underlying technology is established.
Defense, insurance and AI opportunities Beyond vehicles and software, Jacobson identified GM Defense, energy, insurance and loyalty programs as potential growth areas. He said GM Defense has seen success with the Infantry Squad Vehicle, which is based on a midsize truck platform, and that the company is pursuing additional opportunities without announcing specific programs.
He also cited growth in GM Rewards following its transition to Barclays and said GM Insurance can use vehicle data in underwriting while avoiding the customer-acquisition costs faced by many traditional insurers.
Finally, Jacobson said artificial intelligence is being deployed broadly across GM, from engineering and manufacturing simulations to administrative functions. He said a finance-team AI agent is expected to save 3,000 hours per month in manufacturing reporting by automating work involving systems, variances, sourcing and part numbers.
About General Motors (NYSE:GM)General Motors Company NYSE: GM is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells cars, trucks and sport utility vehicles through its Chevrolet, Buick, GMC and Cadillac brands.
GM's product portfolio includes gasoline-powered and electric vehicles, full-size pickup trucks, commercial vehicles and luxury automobiles. The company is developing battery-electric and other advanced vehicle technologies, while also offering connected-vehicle services through its OnStar platform.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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GM později letos spustí nový palubní infotainment systém v přepracovaných pickupech Chevrolet Silverado a GMC Sierra. Novinka má nabídnout rozhraní podobné chytrému telefonu a lepší spolupráci s Apple CarPlay i Android Auto.
DETROIT — General Motors is releasing a new in-vehicle information and entertainment software experience for its customers, beginning later this year with its redesigned Chevrolet Silverado and GMC Sierra pickup trucks, it said Tuesday.
The Detroit automaker is touting the new user interface, controls and software as offering convenience and customization similar to a smartphone.
The new system comes as vehicles are becoming more digital. GM has also revamped its organizational processes to put its digital experience operations under design rather than software, led by former Apple and Google executive Sebastian Bauer.
"This was all part of a very strategic, very intentional restructuring to ensure that we are best positioned to create the best possible customer experience," Bauer, GM executive director of human interface design, told CNBC. "Our job is to make sure that we reduce cognitive load, and we give people the information that they need to see at the moment when they see it."
For example, GM designed the system to proactively surface relevant controls without requiring drivers to navigate several screens or menus. That can apply to opening or closing a garage door, answering a call or other functions.
The system will also launch the most significant visual upgrade for GM's Super Cruise advanced driver-assistance system, including by showing objects, such as other vehicles or pedestrians, on the driver cluster screen. The "hands-free" system did not previously provide the surroundings as many other non-GM vehicles do.
"It's making sure, especially as you are in a hands-off situation, that you understand that the vehicle sees what is happening around it," Bauer said.
Another major update is how the vehicles will operate with popular Apple CarPlay and Android Auto phone projection systems, which have previously caused problems for many automakers.
Instead of the Apple or Android systems taking over the entire screen, which can make it difficult to get back to other in-vehicle features, they show on part of the screen, allowing both systems to operate as needed for drivers.
Those issues with the third-party programs have been included in third-party surveys such as J.D. Power's 2026 U.S. Vehicle Dependability Study. The study found that infotainment and connectivity remain the least reliable parts of the vehicle across the U.S. automotive industry.
"The thought here is that these should coexist and you should get the best of both worlds," Colin McCormick, a GM product manager overseeing in-vehicle phone projection, said during a demo of the system in a new GMC Sierra. "We're constantly working with Google and Apple on what else we can bring to make this even better."
GM said the system is expected to expand "across the broader portfolio" of the company's vehicles over an undisclosed amount of time.
Oil Above $100 Is Creating a New Opportunity Beyond the Major ProducersMP Materials NYSE: MP is nearing targeted production levels for neodymium-praseodymium, or NdPr, oxide at its Mountain Pass facility while advancing commercial magnet deliveries for General Motors and expanding its downstream manufacturing footprint, Chief Financial Officer Ryan Corbett said during a Jefferies fireside chat.
Corbett described MP Materials as the Western world’s largest rare earth materials producer and the only scaled producer of NdPr oxide in the Western Hemisphere. He said the company has built a vertically integrated platform spanning mining, rare earth separation and magnet manufacturing.
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Defense, Solar, and Refining Stocks Split as the Iran Conflict Raises Energy Risk“The vertical integration really allows for efficiencies across the value chain,” Corbett said, citing the company’s work with General Motors and Apple as foundational relationships for its magnet and recycling operations, respectively.
Mountain Pass Ramp Targets Year-End Completion MP Materials brought separation capacity online at Mountain Pass near the end of 2023 and is producing roughly 1,000 metric tons per quarter of NdPr oxide, Corbett said. The company is targeting full run-rate capacity by the end of the year.
Why Rare Earth Processing Could Be the Real 2027 OpportunityHe said the remaining work in the debottlenecking program is centered on mechanical reliability and material movement as throughput rises, rather than unresolved chemical-process issues.
“These are not sort of fundamental chemistry issues,” Corbett said. “These are very typical blocking and tackling for a facility of this scale.”
The company is also investing in a chlor-alkali facility and heavy rare earth separation capabilities at Mountain Pass. Corbett said MP Materials expects to produce dysprosium and terbium by year-end for internal use in its magnet business.
In addition, MP Materials recently announced a long-term gadolinium contract. Corbett said the agreement reflects the broader opportunity to commercialize other rare earth materials produced at Mountain Pass, including samarium, europium and gadolinium.
Magnet Deliveries and Defense Expansion MP Materials is targeting the start of commercial magnet deliveries to General Motors at the end of the year. Corbett said the company is progressing through the production part approval process, which involves integrating specific parts and production volumes into a customer’s manufacturing supply chain.
He said MP Materials is already producing magnets that meet specifications and characterized the remaining process as supply-chain integration rather than product qualification.
The company is also building its next magnet manufacturing facility, referred to as “10X,” following a public-private partnership announced with the U.S. Department of Defense in July of last year. According to Corbett, the Defense Department is the facility’s 100% offtaker and has provided a guaranteed minimum earnings level for the operation.
MP Materials broke ground on the project and is targeting production at 10X by the end of 2028. Corbett said the company ultimately plans to syndicate capacity at the facility to commercial and defense industrial-base customers.
He added that the company’s agreements with GM and Apple included prepayment arrangements supporting investments in manufacturing and recycling capacity. As commercial magnet deliveries begin, Corbett said the Independence facility is expected to shift toward cash generation after serving as a major part of the company’s recent investment program.
Supply Risks Drive Customer Interest Corbett said China’s export restrictions have reinforced concerns among original equipment manufacturers about dependence on Chinese rare earth supply chains. He pointed to publicly available trade data that he said showed gadolinium, yttrium and magnets containing heavy rare earth elements such as dysprosium and terbium moving into Japan at nearly zero levels, with similar conditions affecting U.S. imports.
While export licenses have flowed to some degree, Corbett said customers increasingly view reliance on approvals from Chinese export officials as an unacceptable supply-chain risk.
“You can never allow your business to be that reliant on the whim of an export official at the port coming out of China to decide if your automotive plant is going to stay open or not,” he said.
Corbett said demand for Western rare earth supply is increasing across refined materials and magnets. However, he argued that planned magnet capacity additions outside China could create an NdPr oxide bottleneck. Existing scaled NdPr production outside China is effectively limited to MP Materials and Lynas, he said.
According to Corbett, announced Western magnet manufacturing additions would require NdPr output to double immediately just to supply capacity already planned. He said either commodity prices would need to respond significantly to encourage new supply or magnet facilities could be built without sufficient oxide available to fill them.
Bipartisan Support and Capital Approach Corbett said rare earth supply-chain security has attracted bipartisan backing in the U.S. and that MP Materials has worked with successive presidential administrations. He said there may be disagreements over policy mechanisms, but there is broad agreement on addressing supply vulnerabilities involving China.
On financing, Corbett said MP Materials believes its current balance sheet and anticipated cash generation can support the investments it has already outlined. He said the company would remain opportunistic regarding acquisitions or downstream expansion but would evaluate opportunities based on risk-adjusted returns on capital and contractual support.
MP Materials also has a previously announced letter of intent involving the Department of Defense and Saudi Arabian mining company Ma’aden to develop a rare earth refining facility in Saudi Arabia. Corbett said the company expects to approach that opportunity in a capital-light manner by leveraging its intellectual property, while potentially providing an alternative refining outlet for global feedstocks that currently serve China’s refining complex.
About MP Materials (NYSE:MP)MP Materials Corp. is a rare earth materials company that owns and operates the Mountain Pass rare earth mine and processing facility in California. The site is one of the largest rare earth production facilities in the Western Hemisphere and produces rare earth concentrate, with an emphasis on neodymium-praseodymium (NdPr), materials used in high-performance permanent magnets.
The company is expanding its operations beyond mining and concentrate production into separated rare earth products and magnet manufacturing.
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GM vyvíjí nové bateriové články s cílem snížit závislost na Číně a během dvou až tří let mít domácí dodavatelský řetězec. Komerční výrobu sodíkově-iontových článků s Peak Energy plánuje kolem roku 2029.
DETROIT — General Motors is in the early stages of developing next-generation battery cells that the company believes can reduce U.S. dependence on China, while boosting domestically sourced materials.
"We're developing a supply chain such that, two years from now, three years from now, it will be domestic," Kurt Kelty, GM vice president of battery and sustainability, told CNBC during an exclusive interview. "That's what we're aiming for — when we get into market, we've got a domestic source for that."
Kelty was referring mainly to battery cells that the automaker expects to use in energy storage systems, or ESS, which are stationary devices for homes and businesses, including data centers. But the company plans to similarly prioritize domestic battery cell production for its future all-electric vehicles, a spokesperson reaffirmed to CNBC.
Kelty's comments came days before GM's crosstown rival Ford Motor fielded criticism by the Trump administration for its ties to Chinese companies, including for domestic battery cell production.
For ESS, GM has partnered with Denver-based startup Peak Energy to develop sodium-ion battery cells. The idea is to lower the need for materials that China dominates — such as lithium and ferrous sulfate, a byproduct of titanium production — and instead, use domestic-made batteries utilizing more prevalent materials in the U.S., such as sodium from soda ash.
GM is working on a variety of battery chemistries for different applications of ESS as well as its EVs. Much like baking, each ingredient and the amount put into a battery cell can change the outcome of the product. In the case of battery cells, that can mean differences in performance, cost and stability.
GM expects to launch commercial production of sodium-ion battery cells with Peak around 2029. In the meantime, it's producing other chemistries for ESS and EVs that use undisclosed amounts of materials from China.
Most battery cells currently rely on raw materials from China. The International Energy Agency reports the country produces about 85% of the world's EV battery cathode active material and more than 90% of anode active material, leading to an 80% control of battery production.
For example, China largely controls the sourcing and production of lithium iron phosphate, or LFP, batteries through its supply chains. GM currently manufactures LFP cells with its partner LG Energy Solution in the U.S. for ESS, while Ford has licensed technology from China's CATL for LFP battery cells for its EVs and ESS plans.
"It's a really good story, because you've got the resources [in the U.S.] that you can keep it totally domestic," Kelty said. "It's going to take some time to build this industry up, but the potential for sodium-ion is just much greater than LFP."
The Trump administration has placed particular focus on building up the U.S. battery supply chain and reducing its reliance on China.
And, earlier this week, Transportation Secretary Sean Duffy expressed "profound concern" over Ford's China ties, specifically citing the CATL licensing. That's despite Ford being the top-producing automaker of vehicles in the U.S.
Kelty, days earlier, said of Ford, "they're following a different path."
"We think it's more valuable to develop this all domestically, take advantage of domestic supply chains, and develop a technology that's actually better than the incumbent technology," said Kelty, a former battery executive with U.S. EV leader Tesla.
'Leapfrog' China tech?Sam Abuelsamid, a battery expert and vice president of market research at Telemetry, noted it will likely take years to domesticate a battery supply chain.
At the same time, China continues to develop and produce new types of chemistries, including sodium-ion.
"There's no reason why the LFP materials couldn't also be produced here," Abuelsamid said. "There's ways to do that, but ... the sodium-ion would be even cheaper and easier to do."
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Kelty numerous times said GM hopes to "leapfrog" China's battery technologies, noting that competing directly with Chinese supply chains or mimicking what that market has already established would be difficult.
"The better thing to do is try to leapfrog, come up with a different technology that's actually better that we can actually source here," Kelty said.
Kelty said he views sodium-ion as the best solution for ESS, because its chemistry and temperature tolerance allow for the cells to function without active cooling — a major source of cost and complexity associated with ESS. That improvement means lowering the cost of ownership for energy storage, he said.
The Detroit automaker is spending $900 million on new battery lab facilities at its global tech campus in suburban Detroit. That includes a more-than-500,000-square-foot facility for prototyping manufacturing of cells that's set to begin operations later this year.
Still, that funding amount is small compared with what would be needed to substantially loosen China's grip on the industry.
"We are purposely going down the path of having American-developed technology," Kelty said. "Batteries are really critical for a lot of different areas of of our economy here."
— CNBC's Robert Ferris contributed to this report.
In the latest close session, General Motors (GM - Free Report) was down 2.37% at $83.76. This change lagged the S&P 500's 0.48% loss on the day. Meanwhile, the Dow experienced a drop of 0.77%, and the technology-dominated Nasdaq saw a decrease of 0.64%.
Shares of the an automotive manufacturer have depreciated by 3.98% over the course of the past month, underperforming the Auto-Tires-Trucks sector's gain of 5.5%, and the S&P 500's loss of 0.97%.
Investors will be eagerly watching for the performance of General Motors in its upcoming earnings disclosure. The company is expected to report EPS of $3.37, up 20.36% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $48.22 billion, reflecting a 0.77% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $13.31 per share and a revenue of $185.7 billion, demonstrating changes of +25.57% and +0.37%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for General Motors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.19% higher. General Motors presently features a Zacks Rank of #3 (Hold).
Digging into valuation, General Motors currently has a Forward P/E ratio of 6.45. For comparison, its industry has an average Forward P/E of 18.13, which means General Motors is trading at a discount to the group.
It's also important to note that GM currently trades at a PEG ratio of 0.48. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Automotive - Domestic was holding an average PEG ratio of 1.13 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 58, this industry ranks in the top 24% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
GM a Ford rozšiřují rivalitu do obrany a energetického skladování, aby našly nové růstové oblasti po ztrátách v elektromobilech. Ford plánuje do energetického byznysu vložit 2 miliardy USD.
DETROIT — General Motors and Ford Motor have rivaled each other for more than a century in racing, vehicle sales and many other automobile-related activities.
But their latest battlegrounds have moved to actual battlefields and the U.S. energy grid.
Ford joined GM this year in seeking U.S. military contracts after the Trump administration approached U.S. companies about assisting the military with their expertise in mass manufacturing. The automakers' efforts so far are largely focused on military vehicles, but could grow with time.
Simultaneously, both companies are entering the energy storage system, or ESS, market amid an expected growing need related to rising consumer energy costs and data centers. Energy storage systems use a lot of the same underlying technology as electric vehicle batteries to store power for homes, businesses and even utilities.
Both markets are viewed by Wall Street analysts as new potential growth areas for the automakers. At one point, it was thought new opportunities might come from all-electric vehicles, but Ford and GM have since lost billions of dollars on those efforts.
"They're looking for new verticals," Morningstar senior equity analyst David Whiston told CNBC. "Ford's following GM's lead into defense, and energy makes a lot of sense because you have all this EV capacity that now you don't need. So instead of selling those factories, it's a way to try and capitalize on the data center boom."
The two markets are expected to be small portions of the companies' focus and revenue for the foreseeable future, but they could help the automakers diversify their operations and complement their core businesses as new vehicle sales slow in the U.S.
"It'll be hard to move the needle here massively, given the auto business's top line, but it certainly can be helpful," Whiston said.
Energy storageThe global ESS market is estimated to grow from $668.7 billion in 2024 to $5.12 trillion by 2034, according to research and consulting firm Global Market Insights. As part of that, the firm expects to see a significant expansion in the U.S.
"We're seeing this huge projection of growth, and it's already started growing," Devon Wilson, vice president of sales and marketing at LG Energy Solution's U.S. energy storage division, said during a recent event. "There's a massive amount of just fundamental electricity need within the country."
GM and Ford are attempting to capitalize on such expected growth to fill a void. The companies invested billions of dollars in plants to produce battery cells to meet EV demand that didn't materialize.
GM's energy business does not currently offer its own ESS, but its military division does and its Ultium Cells joint venture in Tennessee produces cells for its partner LG Energy Solution for storage.
Long-term, GM could move further into ESS, including developing next-generation sodium-ion batteries with Denver-based startup Peak Energy. Kurt Kelty, GM's vice president of battery and sustainability, said he believes that technology can reshape grid-scale energy storage.
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"We're developing the cells right now. The performance on these cells is tremendous," Kelty said. "The ESS market is a very attractive market. It's a big market. It's growing very quickly, and it's something that we can contribute to."
GM also has a partnership with Redwood Materials for reusing its large EV batteries for energy storage systems. GM also offers EV charging and ESS for residential use through its energy unit.
Meanwhile, Ford said in December that it plans to spend $2 billion to launch an energy business, including converting a Kentucky battery factory it had recently built with partner SK On to make units for energy storage by late 2027. It also plans to devote some factory space to make cells for residential storage at a factory in Marshall, Michigan.
"Investors see value in Ford's ESS business," Morgan Stanley analyst Andrew Percoco said in an investor note in June. He's also called it an "underappreciated driver" of a path to profitability for Ford's Model e electric vehicle business.
Ford Energy is part of the company's Model e electric vehicle segment, which has guided for $4 billion in losses in 2026 before reaching breakeven by 2029. A key turning point is expected to be the company's ESS business coming online in 2027.
Ford CEO Jim Farley told investors on the automaker's second-quarter earnings call in July that it's in the "third inning" of selling out the 20 gigawatt hours of production capacity for ESS after announcing a five-year framework agreement with renewable-energy service provider EDF Power Solutions North America.
Defense industryGM is years ahead of Ford when it comes to the U.S. defense industry. GM resurrected its defense unit in 2017 after a 14-year hiatus.
It has worked with the U.S. military on many projects, but the automaker was recently awarded a contract by the U.S. Army to build infantry squad vehicles, or ISVs, that it said could exceed $1 billion, depending on congressional appropriations.
While the contract amount is small compared with the company's $48 billion in revenue during the second quarter, the opportunities for the automotive industry in U.S. military operations are expected to grow.
"Leveraging the capabilities, the scalability and the manufacturing abilities that come with all of the automotive companies and their tiered supplier is a huge benefit," Alfred Grein, executive director for research and technology integration for the U.S. Army Combat Capabilities Development Command Ground Vehicle Systems Center, told CNBC.
GM said it expects its 2026 defense revenue to grow to almost $700 million and is targeting positive results on an earnings before interest and tax basis this year, while also building a backlog of future business.
"We are also working with Lockheed Martin and other leading companies to expand speed, scale and resilience in the defense industrial base," GM CEO Mary Barra told investors in July. "Over time, all of this should make GM Defense a more meaningful and diversified contributor to our earnings."
Grein, who manages the technology of manned and unmanned ground systems throughout the U.S. Army, said the Trump administration has made it easier for new companies, including automakers, to be granted such contracts. He also said domestic manufacturing in the U.S. is critical.
"Obviously, the concern about foreign entities' involvement in particularly Department of Defense product becomes more and more crucial," Grein said.
GM and Ford were included in a group of companies that were awarded prototype contracts to produce heavy infantry squad vehicles, which are bulkier versions of what the companies have worked on previously.
Ford has not released many details about its U.S. defense efforts. The automaker on Wednesday, though, announced a tie-up with General Dynamics Land Systems and engineering firm Ricardo to compete for a next-generation vehicle for the United Kingdom's Ministry of Defence's Light Mobility Vehicle program.
The defense efforts of GM and Ford are the latest in a long line of such initiatives, including, most notably, the "Arsenal of Democracy" during World War II in which the companies worked with the U.S. and the Allied nations to provide military supplies to fight Nazi Germany.
"We already dominate in that market in the commercial world. We want to offer the U.S. government the same advantages that our commercial customers get," Farley told investors in July. "It's a great opportunity for us. … We are discussing, continue to discuss, additional defense-related projects with the U.S. government."
New Canada tariffs are landing as a direct bill to two of America's biggest automakers, and the ripple effects stretch well beyond car lots into the housing market and household budgets.
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FHN Financial chief economist Chris Lowe just spelled out the punchline of the new Canada tariff on Marketplace Morning Report: “Even though there are U.S. companies that manufacture in Canada, Ford and GM, particularly they will have to pay tariffs on the cars that are made there. And so that’s probably where the biggest impact is.”
The tariff aimed at Canada lands first as a bill to two American automakers and then to U.S. car and home buyers.
Trade War With Canada Will Impact Ford and GM Bottom Lines Last week the U.S. pushed tariffs on $20 billion worth of Canadian goods to 50%, and Canada’s dollar-for-dollar retaliation is set to take effect September 8. Lowe added that lumber and cabinetry from Canada will push housing costs up, widening the consumer hit beyond autos.
The market already voted. Ford (NYSE:F | F Price Prediction) is up 4.8% year to date (YTD) but down 3.12% over the past month, while General Motors (NYSE:GM) is up nearly 7% YTD for the week but down 1.22% over the past month.
Ford lit up Reddit’s investing forum around the news, with the driving thread reaching 613 upvotes and 233 comments and sentiment stuck at a bearish 22. Ford’s own guidance already assumed roughly $2 billion of commodity headwinds; GM absorbed about $900 million of gross tariff impact in Q2 alone.
Profit angle: The Sept. 8 retaliation is the next catalyst. Watch for Ford and GM to revise the $10 billion to $11 billion and $14 to $16 billion EBIT ranges. Any cut, and the Detroit trade breaks lower. Any workaround, and the dip becomes the setup.
Contact [email protected] for any questions or corrections.
GM plánuje v Ontariu montovat novou generaci těžkého pickupu GMC Sierra jako součást předběžné dohody s Uniforem, která má do kanadského automobilového sektoru přinést C$1,1 miliardy. Součástí je také C$144 milionů pro závod v Oshawě a závazek neprodávat ani okamžitě neuzavřít továrnu v Ingersoll.
General Motors (GM.N) plans to assemble a heavy-duty pickup at an Ontario plant as part of a tentative deal with a key union that would pump C$1.1 billion ($791.31 million) into Canada's auto sector as it reels from U.S. tariffs, a union bargaining report said on Saturday.
The investment comes as Canada's auto sector grapples with 25% U.S. tariffs on vehicles, with President Donald Trump pledging to double them to 50% on January 1, 2027. The fate of Canadian auto plants has emerged as a central issue in stalled U.S.-Canada trade negotiations.
GM plans to spend C$144 million to add the next-generation heavy-duty GMC Sierra truck to a plant in Oshawa, and pledged not to immediately sell or close a second assembly plant in Ingersoll, Ontario, according to the bargaining report from the union Unifor.
The deal is contingent on approval from workers who are voting on Saturday and Sunday. Both Unifor and GM's Canadian division declined comment during the vote.
The C$1.1 billion investment includes a C$691 million commitment to support production of new V8 engines in Ontario that was previously announced in April, the report said.
The tentative agreement was reached last Saturday between GM and Unifor on behalf of 4,600 union members in Canada's most populous province, Ontario.
U.S. President Donald Trump, who has clashed with Ontario Premier Doug Ford in recent days, has also said he will increase tariffs on all Canadian cars and trucks, automotive parts and steel to 50% starting January 1, 2027.
Autos are a key part of talks between the United States and its northern neighbor to reduce U.S. tariffs on Canadian-produced vehicles. Negotiations ended last week over unresolved issues, such as whether to cut duties on medium- and heavy-duty vehicles that are critical for Canadian factories.
Canada has said it cannot accept a trade deal with the U.S. unless the agreement ensures the survival of a robust Canadian auto assembly and parts industry.
United States Commerce Secretary Howard Lutnick has said Canadian negotiators only raised demands to include medium-and heavy-duty trucks on Friday at 4 p.m. just ahead of a deadline for securing a deal.
The tentative deal with Unifor would invest C$215 million to assemble a new generation transmission at a separate factory in St. Catherines, Ontario, starting in late 2029.
GM also committed to not close or sell its CAMI assembly plant, formally known as Canadian Automotive Manufacturing Inc., in Ingersoll while it studies alternative production for the factory. The plant would have priority to do defense work for the Canadian Armed Forces, in the event the automaker secures a contract for such output, the bargaining report said.
Americký regulátor zesiluje kontrolu brzdových problémů u elektromobilů GM po stovkách incidentů, více než 20 nehodách či požárech a nejméně šesti zraněních. Mohlo by být dotčeno přes 1 milion vozů.
General Motors electric vehicles, including ones built in partnership with Honda, are now facing increased scrutiny from the top U.S. auto safety regulator after hundreds of incidents, more than 20 crashes or fires, and at least six injuries.
The brake problems also extend to some non-EV models, including the Chevy Colorado, GMC Canyon, and the Buick Enclave and Envision. More than 1 million vehicles may be affected.
The National Highway Traffic Safety Administration (NHTSA) first started its investigation in April 2024 after reports of trouble from owners of 2023 model year Cadillac Lyriq vehicles. The agency’s Office of Defects Investigation (ODI) said Monday that it was upgrading this probe to what’s known as an “engineering analysis.” That’s the highest level of investigation that ODI performs, and is often a step the office takes before telling a company to issue a recall.
The initial complaints ODI received two years ago typically involved owners describing receiving a “Brake System Failure” message when starting up the vehicle, or after coming to a complete stop. GM performed “several internal investigations” into the issue, according to ODI, and determined that the problem was linked to fractures in the spindle of its “eBoost” brake-by-wire system.
But ODI said on Monday that it kept receiving reports of a loss of braking assistance that were “inconsistent with GM’s description of a spindle failure.” The additional reports described an “immediate loss of brake assist” while a customer was in the process of braking to slow their car down, which the safety regulator said “could result in extended braking distance, which increases the risk of a crash or injury.” ODI said it needs to do a further analysis of the potential for failures in the eBoost system.
The eBoost system was introduced in 2019 and gradually rolled out to more models over the years. The system ditches a traditional mechanical link between the brake pedal and the braking system, opting for an electronic one instead. This allows GM to change the brake “feel” in different driving modes. The automaker put eBoost on its most popular EVs, like the Blazer EV, Equinox EV, Cadillac Lyriq, and the Honda Prologue and Acura ZDX, which it made with Honda in a joint venture. The Cruise Origin — the purpose-built electric autonomous vehicle with no steering wheel or pedals, which GM abandoned in 2024 — also used eBoost.
In one crash reported to NHTSA, the driver of a 2025 Lyriq said they lost their brakes while trying to pull into a parking space in front of the store. The vehicle drove over the curb and crashed through the store front, coming to rest “mid-way in the store, amidst the furniture and store structure,” according to the driver.
In another, the driver of a 2024 Blazer EV said they had to “deliberately steer the vehicle into a concrete curb” to slow it down and avoid a “catastrophic intersection collision.”
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Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
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EP Wealth Advisors LLC ve 2. čtvrtletí koupila novou pozici v General Motors: 26 170 akcií za zhruba 2,017 milionu USD. GM zároveň oznámila čtvrtletní dividendu ve výši 0,18 USD na akcii.
EP Wealth Advisors LLC purchased a new position in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,170 shares of the auto manufacturer’s stock, valued at approximately $2,017,000.
Several other hedge funds have also made changes to their positions in GM. Tsfg LLC boosted its stake in shares of General Motors by 5.7% in the fourth quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer’s stock valued at $182,000 after purchasing an additional 120 shares during the period. Bogart Wealth LLC increased its stake in General Motors by 15.6% during the 4th quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer’s stock worth $74,000 after buying an additional 122 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in General Motors by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock worth $1,584,000 after buying an additional 127 shares in the last quarter. UMB Bank n.a. lifted its holdings in General Motors by 2.0% during the 4th quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock worth $560,000 after buying an additional 136 shares in the last quarter. Finally, Waddell & Associates LLC boosted its position in General Motors by 1.3% in the 4th quarter. Waddell & Associates LLC now owns 10,737 shares of the auto manufacturer’s stock valued at $873,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.
More General Motors News Here are the key news stories impacting General Motors this week:
Positive Sentiment: Analysts lifted some earnings expectations. Zacks Research raised its Q4 2026 EPS forecast to $2.56 from $2.52, while another analyst reportedly boosted full-year FY2026 estimates. GM’s current consensus EPS forecast is $13.29. FY2026 EPS Estimates for General Motors Boosted by Analyst Positive Sentiment: GM continues to benefit from better-than-expected earnings. The automaker’s latest quarterly results exceeded both EPS and revenue estimates, with earnings of $3.57 per share on $48.03 billion in revenue. The stock has also gained since that report, supporting near-term investor momentum. General Motors Up Since Last Earnings Report Positive Sentiment: Valuation expectations improved. One analysis raised GM’s fair-value estimate from $94.81 to $100.04 per share following mixed reactions to its second-quarter results and guidance. General Motors Fair Value Rises Neutral Sentiment: GM is generating higher profits while selling fewer vehicles. That strategy contrasts with Toyota’s volume-focused approach, which is reportedly bringing the rival closer to GM’s long-standing U.S. sales leadership. The development highlights both GM’s improved profitability and potential longer-term market-share risk. GM and Toyota U.S. Auto Sales Negative Sentiment: NHTSA opened a probe covering nearly 1 million GM pickups and SUVs. Regulators are reviewing 997,743 vehicles after 499 complaints involving engine failures, including concerns that an earlier recall may not have resolved the problem. The investigation raises potential risks of additional recalls, repair costs, legal exposure and reputational damage. NHTSA Probe Into GM Vehicles Negative Sentiment: Longer-term earnings estimates remain mixed. Zacks Research lowered its Q1 2028 EPS forecast to $3.09 from $3.20, signaling some caution about GM’s future earnings trajectory despite the improved near-term estimate. Wall Street Analyst Weigh In Several research firms have commented on GM. Wedbush restated an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research note on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a research note on Friday, July 17th. Benchmark reiterated a “buy” rating on shares of General Motors in a report on Tuesday, July 21st. The Goldman Sachs Group boosted their target price on General Motors from $91.00 to $103.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Mizuho cut their price target on General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $101.41. Get Our Latest Stock Report on General Motors
Insiders Place Their Bets In other General Motors news, President Mark L. Reuss sold 71,079 shares of General Motors stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.97, for a total transaction of $6,394,977.63. Following the completion of the sale, the president directly owned 92,293 shares of the company’s stock, valued at $8,303,601.21. The trade was a 43.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Michael Dixton sold 40,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $88.44, for a total value of $3,537,600.00. Following the transaction, the executive vice president directly owned 54,992 shares of the company’s stock, valued at approximately $4,863,492.48. This represents a 42.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,241,401 shares of company stock worth $106,313,695. 0.44% of the stock is owned by corporate insiders.
General Motors Stock Up 2.1% Shares of General Motors stock opened at $87.98 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. General Motors Company has a 52-week low of $54.33 and a 52-week high of $91.85. The company has a market capitalization of $77.20 billion, a P/E ratio of 44.43, a P/E/G ratio of 0.40 and a beta of 1.30. The company has a 50 day moving average of $82.01 and a 200 day moving average of $79.58.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.38. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The company had revenue of $48.03 billion for the quarter, compared to the consensus estimate of $47.01 billion. During the same period in the prior year, the firm posted $2.53 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, research analysts forecast that General Motors Company will post 13.29 EPS for the current fiscal year.
General Motors Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. General Motors’s payout ratio is presently 36.36%.
General Motors Profile (Free Report)
General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.
GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.
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Bank of New York Mellon Corp ve 2. čtvrtletí nakoupila nový podíl ve společnosti General Motors za zhruba 522,916 mil. USD. Drží 6 784 070 akcií, tedy asi 0,77 % firmy.
Bank of New York Mellon Corp bought a new stake in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,784,070 shares of the auto manufacturer’s stock, valued at approximately $522,916,000. Bank of New York Mellon Corp owned about 0.77% of General Motors at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of GM. Focus Partners Advisor Solutions LLC bought a new stake in shares of General Motors during the 2nd quarter valued at $4,152,000. State of Wyoming bought a new position in General Motors in the 2nd quarter worth $922,000. Kelleher Financial Advisors purchased a new position in General Motors during the second quarter valued at $65,000. Bellars Harris Wealth Management LLC purchased a new position in General Motors during the second quarter valued at $3,655,000. Finally, GSA Capital Partners LLP bought a new stake in General Motors during the second quarter valued at about $1,167,000. 92.67% of the stock is owned by institutional investors.
General Motors Stock Up 2.1% NYSE GM opened at $87.98 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. General Motors Company has a 52 week low of $54.33 and a 52 week high of $91.85. The firm has a market capitalization of $77.20 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 0.39 and a beta of 1.30. The company has a fifty day moving average of $82.01 and a two-hundred day moving average of $79.58.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last announced its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.38. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The business had revenue of $48.03 billion for the quarter, compared to the consensus estimate of $47.01 billion. During the same quarter in the prior year, the firm posted $2.53 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, analysts predict that General Motors Company will post 13.29 earnings per share for the current year. General Motors Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.72 annualized dividend and a yield of 0.8%. General Motors’s dividend payout ratio (DPR) is presently 36.36%.
Analyst Ratings Changes A number of brokerages have commented on GM. Wedbush restated an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $100.00 target price on shares of General Motors in a report on Wednesday, July 22nd. UBS Group restated a “buy” rating on shares of General Motors in a research note on Wednesday, June 10th. Piper Sandler reiterated an “overweight” rating and issued a $102.00 price target on shares of General Motors in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada increased their price objective on shares of General Motors from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.41.
Get Our Latest Report on General Motors
Key Headlines Impacting General Motors Here are the key news stories impacting General Motors this week:
Positive Sentiment: Analysts lifted some earnings expectations. Zacks Research raised its Q4 2026 EPS forecast to $2.56 from $2.52, while another analyst reportedly boosted full-year FY2026 estimates. GM’s current consensus EPS forecast is $13.29. FY2026 EPS Estimates for General Motors Boosted by Analyst Positive Sentiment: GM continues to benefit from better-than-expected earnings. The automaker’s latest quarterly results exceeded both EPS and revenue estimates, with earnings of $3.57 per share on $48.03 billion in revenue. The stock has also gained since that report, supporting near-term investor momentum. General Motors Up Since Last Earnings Report Positive Sentiment: Valuation expectations improved. One analysis raised GM’s fair-value estimate from $94.81 to $100.04 per share following mixed reactions to its second-quarter results and guidance. General Motors Fair Value Rises Neutral Sentiment: GM is generating higher profits while selling fewer vehicles. That strategy contrasts with Toyota’s volume-focused approach, which is reportedly bringing the rival closer to GM’s long-standing U.S. sales leadership. The development highlights both GM’s improved profitability and potential longer-term market-share risk. GM and Toyota U.S. Auto Sales Negative Sentiment: NHTSA opened a probe covering nearly 1 million GM pickups and SUVs. Regulators are reviewing 997,743 vehicles after 499 complaints involving engine failures, including concerns that an earlier recall may not have resolved the problem. The investigation raises potential risks of additional recalls, repair costs, legal exposure and reputational damage. NHTSA Probe Into GM Vehicles Negative Sentiment: Longer-term earnings estimates remain mixed. Zacks Research lowered its Q1 2028 EPS forecast to $3.09 from $3.20, signaling some caution about GM’s future earnings trajectory despite the improved near-term estimate. Insiders Place Their Bets In other General Motors news, CEO Mary T. Barra sold 318,448 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total value of $28,781,330.24. Following the transaction, the chief executive officer owned 428,994 shares of the company’s stock, valued at $38,772,477.72. This represents a 42.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 8,882 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $86.95, for a total value of $772,289.90. Following the completion of the sale, the executive vice president owned 28,513 shares in the company, valued at approximately $2,479,205.35. The trade was a 23.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,241,401 shares of company stock valued at $106,313,695 over the last quarter. Corporate insiders own 0.44% of the company’s stock.
General Motors Profile (Free Report)
General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.
GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.
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NHTSA zahájila vyšetřování 997 743 pickupů a SUV společnosti General Motors kvůli riziku selhání motoru. Týká se to mimo jiné modelů Cadillac Escalade, Chevrolet Silverado 1500 a GMC Yukon.
A 2026 Cadillac Escalade is displayed during media day of the Detroit Auto Show in Detroit, Michigan, U.S., January 14, 2026. REUTERS/Rebecca Cook Purchase Licensing Rights, opens new tab
CompaniesAug 21 (Reuters) - The U.S. National Highway Traffic Safety Administration said on Friday it has opened a probe into 997,743 General Motors (GM.N), opens new tab pickup trucks and SUVs over concerns related to engine failure.
The vehicles include the Cadillac Escalade, Chevrolet Silverado 1500 and GMC Yukon, among others, from model years 2021-2026 equipped with GM's L87 engines.
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The auto safety regulator said it received 499 complaints alleging engine failures despite the vehicles having undergone an earlier recall remedy.
GM issued a recall last year to address concerns related to engine failure in the impacted L87 unit. The Detroit automaker attributed the issue to a supplier.
The NHTSA said its new engineering analysis would continue its investigation into post-recall engine failures and assess the effectiveness of GM's fixes.
Reporting by Nathan Gomes in Bengaluru; Editing by Shilpi Majumdar
Our Standards: The Thomson Reuters Trust Principles., opens new tab
General Motors po zveřejnění výsledků za 2. čtvrtletí zvýšil celoroční výhled upraveného EBIT na 14–16 miliard USD a upraveného zisku na akcii na 12–14 USD. Akcie od poslední výsledkové zprávy přidaly asi 3,5 %.
A month has gone by since the last earnings report for General Motors (GM - Free Report) . Shares have added about 3.5% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is General Motors due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.
General Motors Q2 Earnings Surpass ExpectationsGeneral Motors reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Better-than-expected adjusted EBITDA from North America and International segments led to the outperformance.
Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. Strong pricing, lower costs and disciplined incentives supported results. Global wholesale volume rose to 990,000 vehicles from 974,000 a year earlier.
Adjusted earnings before interest and taxes increased 29.8% year over year to $3.94 billion. The adjusted EBIT margin expanded to 8.2% from 6.4%, reflecting stronger core operating performance.
Price contributed $700 million to the year-over-year improvement in adjusted EBIT, supported by GM’s product portfolio and incentive discipline. Cost performance added $300 million, primarily due to lower warranty expenses, reduced tariff exposure and emissions-related regulatory savings. Commodity inflation, logistics expenses, higher memory-chip costs and manufacturing costs tied to U.S. production onshoring partly offset the gains.
North America Business StrengthensGM North America generated revenues of $39.91 billion, up 1.1% from the prior-year quarter. Wholesale volume was nearly flat at 848,000 units as a 31,000-unit decline in electric vehicle volume was offset by higher internal-combustion-engine vehicle shipments.
The segment’s adjusted EBIT surged 42.7% to $3.45 billion, surpassing the Zacks Consensus Estimate of $3.12 billion. Adjusted EBIT margin improved 250 basis points to 8.6%, aided by pricing, incentive discipline and operating efficiencies. U.S. dealer inventory ended the quarter at 511,000 vehicles, down about 3% year over year and within management’s targeted range of 50-60 days.
International Operations Deliver Mixed ResultsGM International revenues climbed 11% year over year to $3.69 billion, while wholesale volume increased to 142,000 vehicles from 125,000. Strong execution in South America supported the top line, though shipping disruptions reduced wholesale volume in the Middle East.
Adjusted EBIT for the segment declined 6.6% to $190 million, surpassing the consensus mark of $176 million. Meanwhile, GM’s China joint ventures generated equity income of $83 million, up 16.9%. The China business delivered its seventh consecutive profitable quarter, supported by cost efficiencies and product-mix optimization.
Finance Arm Faces Cost PressureGM Financial revenues edged up to $4.27 billion from $4.26 billion. Higher net financing revenues and insurance premiums supported results.
However, adjusted earnings before taxes fell 14% to $605 million. Increased lease depreciation, higher costs related to insurance operations and a larger provision for loan losses offset the revenue benefits. GM Financial paid a $250 million dividend to its parent during the quarter, bringing first-half dividends to $900 million.
Digital Business Keeps ScalingOnStar ended the quarter with deferred revenues of $6.3 billion, up nearly 50% year over year. Recognized revenues reached $800 million, increasing more than 20%. The company remained on track to add about 1 million subscribers in 2026.
Super Cruise recognized revenues grew roughly 70%, and GM added about 70,000 subscribers during the quarter. The company expects to exceed 850,000 Super Cruise subscribers by year-end, while the attach rate after the three-year prepaid period remained in the 30-40% range.
Cash Flow Supports Shareholder ReturnsAutomotive operating cash flow increased 9% to $5.07 billion. Adjusted automotive free cash flow jumped 78% to $5.03 billion, driven by higher automotive earnings, tariff reimbursement timing and lower capital spending.
Capital expenditures totaled $1.92 billion in the quarter. GM repurchased $2 billion of stock and retired approximately 24.9 million shares. The company also distributed about $200 million in dividends. Automotive cash and marketable securities totaled $19.7 billion at quarter-end, while automotive liquidity was $33.6 billion.
2026 Outlook LiftedGeneral Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected at $12-$14 per share, up from the prior range of $11.50-$13.50.
The company also increased its adjusted automotive free cash flow forecast to $9.5-$11.5 billion from $9-$11 billion. GM continues to expect an 8-10% adjusted EBIT margin in North America and capital spending, including battery joint-venture investments, of $10-$12 billion.
Management attributed the improved outlook to strong pricing and warranty performance, along with a slightly better commodity-cost environment. The board also declared a quarterly dividend of 18 cents per share, to be paid out on Sept. 17, 2026, to shareholders of record as of Sept. 4.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.
The consensus estimate has shifted 5.57% due to these changes.
VGM ScoresCurrently, General Motors has a nice Growth Score of B, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of A on the value side, putting it in the top 20% for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, General Motors has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
GM po výsledcích za 2. čtvrtletí vzrostl o 14,4 %, zatímco Ford klesl o 3,0 %. Přesto článek favorizuje Ford díky Ford Pro, hybridům, levnějším EV a silné hotovostní pozici 43,4 miliardy USD.
Key Takeaways Ford is the preferred pick as Ford Pro, hybrids, affordable EVs and energy storage offer upside.General Motors has gained 14.4% since Q2 results, while Ford has fallen 3% despite stronger earnings.Ford offers more than 4% dividend yield, $43.4B liquidity and a raised 2026 FCF outlook of $6-$7B. U.S. legacy automakers Ford (F - Free Report) and General Motors (GM - Free Report) have moved in different directions since their second-quarter earnings reports. GM has gained 14.4% since reporting on July 21, while Ford is down 3% since its July 28 results. That divergence is notable because both automakers delivered stronger earnings and raised their full-year outlooks.
So, the question is not which company had the better quarter, but which one offers the more compelling opportunity from here. Both are navigating tariffs, uneven EV demand and high interest rates while trying to build businesses that extend beyond selling cars. Here's a closer look at the case for each.
The Case for General MotorsGM's biggest strength remains its North American truck and SUV business. Rather than using heavy discounts to drive sales, the company has maintained pricing discipline, keeping incentives below the industry average for more than three years. That approach is paying off. GM North America's adjusted EBIT margin recovered to 8.6% in the second quarter and 9.3% in the first half, putting the business back within management's 8%-10% target range.
Next-generation Chevrolet Silverado and GMC Sierra models, higher full-size SUV capacity and greater U.S. production could support both revenues and margins in 2027. Management has already raised 2026 adjusted EPS guidance to $12-$14 and expects 2027 results to exceed 2026.
General Motors has also built a stronger business in China, helped by restructuring and cost reductions. That helped China equity income more than double to $248 million in the first half from $116 million a year earlier. The company expects the business to remain profitable as it refreshes its lineup and streamlines operations.
GM is also building new revenue streams around its vehicles. OnStar and Super Cruise are expanding, with more than $3 billion of recognized and deferred revenues expected in 2026. It plans to add about 1 million subscribers and exceed 850,000 Super Cruise subscribers by year-end. GM Energy, GM Defense and GM Insurance provide additional avenues for growth. Meanwhile, strong cash generation has allowed GM to repurchase $2.8 billion of stock so far this year, with $3.5 billion remaining under the authorization.
The Case for FordFord’s truck and utility portfolio remains a major strength, while hybrids provide a useful middle ground as consumers remain divided between gas-powered and fully electric vehicles. The Maverick Hybrid posted record first-half sales, and the F-150 Hybrid led its full-size truck category.
Ford is also taking another shot at the mass-market EV opportunity with its upcoming Fathom electric pickup. Starting below $30,000 before destination and delivery charges, the vehicle could help Ford reach customers who have been priced out of many EVs. The company is working to make EV production more economical. Its new "assembly tree" manufacturing process is designed to simplify production and lower costs, potentially helping address the margin pressure seen with the F-150 Lightning.
Ford Pro is the company’s main earnings engine, supported by commercial vehicle leadership and recurring software and physical services. It generated $1.7 billion of EBIT at a 9.7% margin in the latest quarter, despite volume constraints, while paid Ford Pro Intelligence subscriptions surpassed 900,000. Management now expects 2026 Ford Pro EBIT of $7-$7.5 billion.
Ford Energy adds a new revenue stream by applying Ford’s battery manufacturing, service and monitoring capabilities to energy storage.Ford expects to reach 20 gigawatt-hours of annual capacity by late 2027. Financially, Ford ended the June quarter with $43.4 billion of liquidity, generated $2.1 billion of adjusted free cash flow and raised its 2026 FCF outlook to $6-$7 billion. Its attractive dividend yield of more than 4% adds to the stock’s appeal.
What Do Estimates for GM & F Say?The Zacks Consensus Estimate for Ford’s 2026 and 2027 EPS implies year-over-year growth of 70% and 4%, respectively.
Image Source: Zacks Investment Research
The consensus mark for GM's 2026 and 2027 EPS calls for a year-over-year uptick of 25% and 11%, respectively.
Image Source: Zacks Investment Research
Valuation Check: GM & FGM shares currently trade at 0.4X forward earnings, above its five-year average of 0.32X. Ford’s forward-to-sales ratio of 0.32 is lower than that of GM.
Image Source: Zacks Investment Research
Our TakeBoth Ford and GM look strong enough for investors seeking exposure to the auto industry, and both currently carry a Zacks Rank #3 (Hold). But, if we have to pick one, Ford looks better at current levels. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
GM has received a stronger vote from investors since its latest results, leaving more room for Ford to benefit from a reassessment. Its Ford Pro business provides a solid earnings foundation, while affordable EVs, hybrids and energy storage offer multiple avenues for upside. Ford also offers the more attractive combination of income and valuation support. That makes it the more compelling choice between the two.
General Motors obnoví příští týden výrobu baterií v Ohiu po sedmiměsíční odstávce kvůli slabší poptávce po elektromobilech. Do závodu by se mělo vrátit asi 1 400 zaměstnanců.
Key Takeaways General Motors will resume battery cell production in Ohio after a 7-month shutdown tied to weak EV demand.The plant's restart is expected to bring about 1,400 employees back to work after roughly 1,330 layoffs.The Tennessee battery plant, a GM-LG Energy Solution JV, now makes energy storage packs. General Motors Company (GM - Free Report) is set to restart battery cell production at its Ultium Cells facility in Warren, OH, following a seven-month shutdown triggered by weaker consumer demand for electric vehicles. Ultium Cells, a joint venture between General Motors and LG Energy Solution, will resume operations on its assembly lines next week, per Reuters. Once production restarts, the plant is expected to have about 1,400 employees.
The Ohio facility, which produces large-format Nickel Cobalt Manganese Aluminum pouch cells for most General Motors EVs, was idled in January, resulting in roughly 1,330 layoffs. General Motors initially expected the plant to remain closed for six months, citing subdued EV demand following the cancellation of the $7,500 federal tax credit. However, the shutdown was extended by about another month.
A limited number of workers returned in May to prepare the facility for a possible production restart. During the shutdown, General Motors also halted operations at its Detroit EV plant, affecting production of models such as the GMC Hummer EV, GMC Sierra EV and Cadillac Escalade IQ.
The General Motors-LG Energy Solution joint venture also operates a battery plant in Tennessee. The facility has been converted to produce energy storage system packs and is expected to begin manufacturing lower-cost lithium-iron-phosphate cells for EVs by late 2027. GM carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
EV Battery Joint Ventures of Other AutomakersIn December 2025, Ford Motor Company (F - Free Report) and South Korean battery manufacturer SK On announced plans to end their BlueOval SK joint venture. In 2021, Ford and SK Innovation, the parent company of SK On, had announced an $11.4 billion investment to build three battery gigafactories in the United States, including two in Kentucky and one in Tennessee. The initiative was designed to establish a vertically integrated battery supply chain for Ford’s next-generation electric trucks and SUVs. The decision to end the joint venture comes amid concerns over slowing EV demand and a shifting U.S. political landscape following changes to federal EV incentives.
In February, Stellantis N.V. (STLA - Free Report) was reportedly considering exiting its joint venture with Samsung SDI to manufacture electric-vehicle batteries in the United States. Stellantis and Samsung SDI had committed billions of dollars in 2022 to develop battery plants through their jointly owned StarPlus Energy, amid expectations of strong growth in EV demand. However, Stellantis, which owns brands including Jeep and Fiat, was exploring ways to reduce its losses as the EV market outlook turned weaker than anticipated, per a Bloomberg report.
GM’s Price Performance, Valuation and Estimates General Motors has outperformed the Zacks Automotive-Domestic industry in the last six months. Its shares have gained 6.5% against the industry’s decline of 16.2%.
Image Source: Zacks Investment Research
From a valuation perspective, GM appears undervalued. Going by its price/sales ratio, the company is trading at a forward sales multiple of 0.4, lower than the industry’s 3.05.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for GM’s 2026 and 2027 EPS has moved up 47 cents and 50 cents, respectively, in the past seven days.
DETROIT — General Motors has reached a unique, multibillion-dollar parts deal as it aims to preserve cash and prevent supply chain disruptions like ones that have hit the global automotive industry this decade.
In a public filing Tuesday, GM said the up to $4.5 billion purchasing agreement includes a company called Procura Auto Parts that specializes in sourcing rare or critical parts. It will receive funding through a bank syndicate led by JPMorgan Chase and Banco Santander to prepay select suppliers on behalf of GM.
In return, GM will issue formal promises, or IPUs, to pay back the company after it uses the parts in production, no later than July 31, 2029. The deal allows GM to keep inventory costs off its books, while better securing future parts.
GM pays interest, plus an agreed upon premium on what's used, as well a customary annual fee on the unused portion during that year, according to the filing. For accounting purposes, the prepayments show up as an asset and each purchase is booked as unsecured debt, and the cash flows are shown as if GM paid suppliers directly, the filing said.
These payments are excluded from adjusted automotive free cash flow until GM actually buys the inventory. The company typically books the capital within 90 days of purchase.
GM declined to disclose what parts the company may be targeting. Problematic parts for the automotive industry have included semiconductor chips, including dynamic random access memory, rare earths and wire harnesses.
The deal follows years of global automotive supply chain issues and comes after GM and other automakers reevaluated their sourcing or parts following U.S. tariffs and a push to move away from Chinese companies.
GM established the deal with Procura and the banks on Friday, according to the filing.
Samsung SDI ukončí společný podnik s GM v Indianě a odkoupí jeho 49,99% podíl kvůli slabší poptávce po elektromobilech. Závod má nově sloužit také pro baterie pro ESS.
The GM logo is displayed at the new location of the General Motors Headquarters in Detroit, Michigan, U.S., January 12, 2026. REUTERS/Rebecca Cook Purchase Licensing Rights, opens new tab
CompaniesAug 11 (Reuters) - South Korean battery maker Samsung SDI (006400.KS), opens new tab said on Tuesday it will end its joint venture agreement with General Motors (GM.N), opens new tab in Indiana and acquire the U.S. firm's 49.99% stake, citing weaker-than-expected electric vehicle demand.
Here are some details:
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Samsung SDI said in a regulatory filing that it plans to use the wholly owned unit - SDI-GM Synergy Cells Holdings - to respond to market demand for batteries across various applications, including energy storage systems (ESS) and EVs.
The company said its existing investment plan would change following the shift to a wholly owned unit, but specific investment plans had not yet been finalised. The company said it would make further disclosures in accordance with regulatory requirements.
"The ownership change was made in consideration of market changes since the joint venture was announced – including the slower-than-expected growth of EV demand. The two partners have now decided to seek other forms of cooperation other than the joint venture," Samsung SDI said in a statement.
Separately, Samsung SDI said it has signed an agreement with GM to jointly develop next-generation prismatic batteries for potential future EV applications.
Reuters had reported earlier this year that construction at the plant had slowed amid weak demand for EVs.
GM and other automakers pulled back on EV manufacturing following the loss of a $7,500 federal tax credit last September. While automakers continue to build and sell EVs, they have lowered factory output to match demand.
The joint venture was announced two years ago and was initially expected to have an annual production capacity of 27 gigawatt hours, with an aim to start mass production in 2027.
In March, GM and LG Energy Solution also announced a decision to transform another EV battery plant in Tennessee to make batteries for ESS.
Reporting by Anusha Shah in Bengaluru; Joyce Lee and Heekyong Yang in Seoul; Editing by Rashmi Aich, Sonia Cheema and Ed Davies
Our Standards: The Thomson Reuters Trust Principles., opens new tab
GM a SAIC Motor prodloužily svůj společný podnik v Číně o 20 let, do roku 2047. Dohoda má podpořit domácí prodeje Buicku a Cadillacu i export vozů Chevrolet z Číny.
DETROIT — General Motors and China's SAIC Motor have extended a decadeslong Chinese joint venture that was set to end next year, the U.S. automaker said Tuesday night.
The extension comes amid a rapidly changing automotive landscape in China that has included the swift rise of domestic automakers and a shift away from traditional Western brands and legacy joint ventures.
GM declined to provide financial details of the extension, which comes amid heightened geopolitical tensions between the U.S. and China, including a potential stateside ban of Chinese brands and vehicles.
The largest disclosed change in the dynamic of the agreement is its length. The initial deal established in 1997 was for 30 years, and now the companies have announced a 20-year extension of the 50-50 joint venture to 2047.
GM noted that the deal will focus on refocus domestic sales of Buick and Cadillac models in China in addition to exporting products, including Chevrolet models, built in China for non-U.S. markets.
"We are committed to strong performance in the China market, and we see meaningful opportunities to compete in select international markets: the Middle East, Africa, South America, Mexico and Asia-Pacific," GM China President John Roth said in a release.
The optimism about exporting comes as China quickly went from a reclusive market to the largest global exporter of vehicles in recent years.
China's growth has been fueled by government funding for companies as well as a culture of innovation and speed the country has instilled in its workers, experts have said. But a slowing Chinese market and plant underutilization have forced companies to begin exporting to major auto markets globally.
China was GM's top sales market from 2010 to 2023, but the shifting dynamics caused the Detroit automaker and its joint-venture partners to restructure operations.
The automaker's earnings from China fell from around $2 billion annually in 2018 to two consecutive years of losses in 2024 and 2025. GM has reported $248 million in equity income through the first six months of this year following restructuring actions that cost the automaker $1.1 billion in special charges last year.
GM reports the joint venture has produced and delivered more than 20 million vehicles since it was established in China.
Just a few short years ago, General Motors and Ford were all-in on electric vehicles, spending billions of dollars on those efforts. Now, the two biggest American automakers are hardly talking about EVs with their investors.
TechCrunch teamed up with Hudson Labs, a New York-based financial research firm, to analyze the last seven years of GM and Ford quarterly earnings calls and found that both companies are talking about EVs at a lower rate than they did before the pandemic.
This shouldn’t shock anyone who’s followed the news over the last two years. Both companies have altered, delayed, or outright abandoned plans for new EV models, prompting layoffs and scaled back factory plans. And while GM and Ford still sell EVs and have new models in their product pipelines, their collective focus has shifted, and it shows in the data.
Jim Cain, a spokesperson for GM, said that “quality counts more than quantity.”
“We’ve been very clear and consistent in communicating our view that EVs are the end game, the strength of our portfolio today, the loyalty of EV customers to the technology, awards we’ve won, our growing EV market share, and our commitment to continue investing in technologies like LMR (lithium manganese-rich) to improve profitability,” he said in an emailed statement.
But, he added: “we devote time on the calls to discuss growth opportunities like software and services and autonomous technology, and address complex topics of analyst/investor interest like trade and regulatory policy impacts, operating performance, capital allocation, regional performance, headwinds and tailwinds — all while making sure at least half the call is devoted to Q&A.”
Ford spokesperson David Tovar, meanwhile, pointed to the company’s planned launch of its new “Universal Electric Vehicle” platform next year. “[W]e think the first product rolling off the line, a midsize pickup truck, will hit the sweet spot of the EV market for cost, price, and technology,” he said.
For this analysis, TechCrunch excluded the ostensible third of the Detroit Big Three, Stellantis, for a few reasons. The automaker, which emerged in 2021 from the merger of Fiat Chrysler and France’s PSA Group, traditionally lagged behind its U.S. counterparts in EV adoption. Stellantis also, until the first quarter of this year, held comprehensive earnings calls only twice a year, instead of four times annually, like most public companies.
Hudson Labs sourced earnings call transcripts from S&P Market Intelligence dating back to 2019, and used its Co-Analyst — an AI research tool purpose-built for high-precision financial research — to assign topic tags to each sentence. It then counted the frequency of those topics as well as each topic’s share of the discussion to produce the charts below
General Motors GM bet on mass-market EVs before most other major automakers. It debuted the Bolt EV at the Consumer Electronics Show in January 2016, and put the car on sale by the end of that year — a healthy six months or so ahead of Tesla’s first deliveries of the Model 3.
EVs really became a focus of GM’s earnings calls as its investment ramped up in 2019 and into 2020. At that point, the company was teasing new made-in-the-U.S. models and talking about transforming Cadillac into an all-electric brand. GM spent an increasing amount of time talking about its EV plans through early 2021, with more than 100 references to electric vehicles on each of its last two earnings calls in 2020. That meant EVs accounted for roughly a third of the overall discussion on those calls.
Aside from a dip in the first quarter of 2021, when companies around the world were dealing with a major chip shortage, GM spent nearly the next four years — notably while President Biden was in office — dedicating around a quarter of each earnings call to discussing EVs. (Another notable dip came in the first quarter of 2025 was attributable to President Trump’s “Liberation Day” tariffs, which dominated that earnings call.)
After Trump regained office, he slashed environmental regulations that incentivized zero-emissions vehicles, and his party tore up the $7,500 federal tax credit for new EVs. At the same time, GM’s talk of EVs dropped significantly, from 82 mentions on the second-quarter call in 2025, to just 21 on its most recent call covering Q2 2026.
While GM remains the second-largest seller of EVs in the U.S., the company that once made the lofty promise to go all-electric by 2035 is now talking more about how it has “align[ed] our EV capacity and manufacturing footprint with the changes in regulatory policy” — when it talks about EVs at all.
Ford Ford’s first serious entry into the world of mass-market EVs was the Mustang Mach-E, which debuted in late 2019. As the company got closer to delivering the first models in late 2020, it started talking more and more about electric vehicles on its earnings calls.
Aside from a similar dip in mentions on the Q1 2021 call, which was bogged down by talk of the global semiconductor shortage, Ford — like GM — started spending around a third of each quarterly investor check-in talking about EVs. Those discussions were buoyed by the launch of its second major EV model, the F-150 Lightning, in 2021. And that level of focus largely held through the Biden years, as his administration freed up federal money for charging stations and EV manufacturing credits, while shaping policy around the battery material supply chain.
Ford began talking less about EVs before the 2024 election, though. By the middle of that year, the company was already backing away from some of its largest contemporary EV investments in favor of a skunkworks project that ultimately became the Universal Electric Vehicle platform. Talk of EVs dipped further after Trump took office, with CEO Jim Farley spending more time discussing support for the president’s protectionist trade policy and the company’s near-term focus on its higher-margin gas F-Series trucks.
Still, on Ford’s most recent call, Farley talked up the idea that the company “will become a major scaled competitor as we invest in affordable, versatile EVs.” But for that to happen, investors will have to wait until at least next year.
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REalloys (ALOY) podepsala strategickou dohodu s JS Link na vývoj jedné z prvních plně integrovaných nečínských platforem pro výrobu magnetů ze vzácných zemin v Severní Americe. Cílí na celý řetězec od surovin až po hotové permanentní magnety.
FN Media Group Presents Oilprice.com Market Commentary
, /PRNewswire/ -- This is where China's rare earth magnet monopoly ends. REalloys (ALOY) has signed a strategic agreement with permanent magnet manufacturer JS Link to develop one of the first fully integrated non-Chinese rare earth magnet platforms, bringing together feedstock, separation, metallization, and permanent magnet manufacturing under a single North American industrial strategy. Companies mentioned in today's commentary includes: Realloys Inc. (ALOY), Apple Inc. (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), General Motors Company (NYSE: GM), Western Digital Corporation (NASDAQ: WDC), NVIDIA (NASDAQ: NVDA).
Permanent magnets power guided missiles, fighter aircraft, submarines, industrial robots, electric vehicles, AI infrastructure, and wind turbines. China manufactures the overwhelming majority of them, giving Beijing extraordinary leverage over industries now driving military modernization, advanced manufacturing and the global energy transition. The agreement creates a path to manufacturing American rare earth magnets entirely on American soil.
Rebuilding North America's rare earths supply chain is now moving at breakneck speed. Only weeks ago, REalloys was selected by the U.S. Army for exclusive negotiations to develop heavy rare earth processing facilities at the Tooele Army Depot in Utah, placing the company at the center of Washington's effort to rebuild domestic rare earth processing and ahead of the Department of Defense's January 1, 2027, ban on Chinese-origin rare earth magnets. Today's announcement carries that strategy one step further, extending it beyond processing into finished magnet manufacturing.
The U.S. Army project established the processing backbone. JS Link adds permanent magnet manufacturing. Together, they place every major stage of rare earth production–from feedstock through finished magnets–inside a single American industrial platform.
"In rare earths, strategic advantage belongs to the country that builds the magnets. That's the capability we're building here in the United States," REalloys CEO Lipi Sternheim told Oilprice.com.
Building the Most Important Industrial Base of the Century
The JS Link agreement adds the final manufacturing capability. REalloys had already assembled much of the industrial chain, securing feedstock, rare earth processing, and heavy rare earth metallization before moving into permanent magnet manufacturing.
The center of that buildout is Saskatchewan. REalloys committed approximately $20.6 million to expand the Saskatchewan Research Council's rare earth processing facility, securing preferred rights to up to 80% of its expanded output, including neodymium-praseodymium metal and separated dysprosium and terbium oxides. Commercial production is targeted to begin in early 2027.
Separated oxides are still an intermediate product. Before they can become permanent magnets, they must first be converted into high-purity metals, alloyed, and then manufactured into finished magnets.
REalloys is building that next stage as well. The company is funding a dedicated heavy rare earth metallization facility that will convert dysprosium and terbium oxides into metals, creating what is expected to become the largest heavy rare earth metallization operation outside China.
The first qualification-scale materials are expected in the fourth quarter of 2026. That would place North American-produced dysprosium, terbium and NdPr into customers' hands for evaluation ahead of commercial production, moving the project from industrial construction into the final stage before commercial sales. And feedstock is already secured. REalloys (ALOY) holds a definitive long-term offtake agreement for 15% of Phase 1 production from Critical Metals' Tanbreez project in Greenland, a strategic alliance and offtake commitment tied to the Sheep Creek rare earth deposit in Montana, and a proposed supply framework with Ramaco Resources for coal-hosted rare earth material from the Brook Mine platform in Wyoming. And the company continues to pursue additional supply from domestic and allied sources.
The Front-Line of Defense for an All-Out Industrial War
American rare earth companies are now operating under the assumption that access to Chinese materials can disappear overnight. Beijing is now trying to police Chinese-origin materials after they leave China. Its latest export controls prohibit foreign companies and individuals worldwide from supplying designated American firms with certain dual-use products, including rare earth producer MP Materials and rare earth magnet manufacturer USA Rare Earth.
This is not simply about blocking exports from Chinese companies. Beijing instructed organizations and individuals worldwide to suspend existing transactions and stop transferring designated Chinese-origin dual-use materials to the targeted American firms.
In effect, the restrictions follow the material itself rather than the exporter, an approach that gives Beijing another layer of influence over global supply chains built around Chinese processing. China's Commerce Ministry justified the move on national security grounds, describing it as a response necessary to protect China's strategic interests and fulfill its international non-proliferation obligations. That puts pressure on every Western supply chain still dependent on Chinese processing, metallization, or magnet manufacturing.
For most of the past three decades, the United States assumed global supply chains would remain open regardless of geopolitical tensions. But now, export controls, procurement rules, sanctions, and investment restrictions are becoming permanent features of the industrial economy.
In that environment, companies capable of producing defense-qualified rare earth materials entirely within North America occupy a different place in the industrial landscape than they would have only a few years ago. They are no longer simply suppliers. They are becoming part of the infrastructure supporting the next generation of American defense manufacturing.
An integrated American rare earth industry is now taking shape years faster than anyone expected. An industrial base that took China decades to build is now being reconstructed across North America in just a few years, and REalloys is now part of the frontline of defense in the biggest industrial war of our time.
Other companies working on fighting China's rare earth dominance:
Apple (AAPL) has emerged as the clear leader among big tech companies in rare earth magnet recycling, having pioneered the use of recycled rare earth elements in consumer electronics as far back as 2019, when it introduced them in the Taptic Engine of the iPhone 11. Today, nearly all magnets across Apple's device lineup are made with 100% recycled rare earth elements, a milestone the company has nearly achieved across its entire portfolio.
In July 2025, Apple formalized its commitment with a landmark $500 million partnership with MP Materials, the only fully integrated rare earth producer in the United States, to source American-made recycled rare earth magnets for hundreds of millions of Apple devices.
Microsoft (MSFT) has taken a multi-pronged approach to rare earth recycling, targeting the enormous volume of hard disk drives retired from its global Azure data center infrastructure. In April 2025, Microsoft announced a pilot program in collaboration with Western Digital, Critical Materials Recycling, and PedalPoint Recycling that successfully processed approximately 50,000 pounds of shredded end-of-life hard drives, recovering rare earth elements such as neodymium, praseodymium, and dysprosium — along with gold, copper, aluminum, and steel — using an acid-free chemical process.
Beyond its data center recycling efforts, Microsoft has embedded rare earth recycling into its Surface hardware product line, with new Surface Copilot+ PCs now featuring 100% recycled rare earth metals in their magnets. The company operates six global Circular Centers and achieved a 90.9% reuse and recycling rate for its Azure hardware in FY2024, exceeding its 2025 target ahead of schedule.
General Motors (GM) has been one of the earliest and most strategically significant automotive partners in the domestic rare earth magnet supply chain, entering into a long-term agreement with MP Materials in December 2021 to source U.S.-produced rare earth magnets for its Ultium Platform electric vehicle motors. The partnership covers GM's expanding EV lineup — including the GMC HUMMER EV, Cadillac LYRIQ, and Chevrolet Silverado EV.
GM and MP Materials have also committed to exploring novel end-of-life, closed-loop recycling approaches that would eventually allow rare earth materials from retired EV motors to be recovered and reprocessed into new magnets. In addition, GM Ventures has invested in Niron Magnetics, a startup developing a rare-earth-free magnet technology based on iron nitride, as a hedge to further reduce dependence on critical minerals.
Western Digital (WDC), one of the world's largest hard disk drive manufacturers, has taken a leading role in developing scalable rare earth recovery from its own products at end of life. In April 2025, Western Digital announced a successful at-scale pilot program conducted in collaboration with Microsoft, Critical Materials Recycling, and PedalPoint Recycling, in which approximately 50,000 pounds of shredded end-of-life hard drives were processed using an environmentally friendly, non-acid chemical extraction method to recover rare earth oxides alongside gold, copper, aluminum, and steel.
Western Digital views this initiative as a blueprint for transforming the global HDD recycling industry, with the potential to significantly offset U.S. dependence on virgin rare earth mining when scaled worldwide. By partnering with downstream processors and data center operators, Western Digital is helping to establish a feedstock network that feeds recovered rare earths back into the U.S. supply chain for applications in electric vehicles, wind turbines, and advanced electronics.
NVIDIA (NASDAQ: NVDA) is currently less about "using" rare earths and more about "transforming" how they are extracted. At CES 2026, they doubled down on their partnership with Caterpillar, revealing a fleet of autonomous mining machines powered by the NVIDIA Jetson Thor platform. These machines use edge-AI to perform real-time mineral sorting, identifying high-grade rare earth ores at the point of extraction. This reduces the energy-intensive processing of waste rock, making domestic mining more economically viable against lower-cost overseas rivals.
The company's stock remains the absolute heavyweight of the AI era, though early 2026 has seen some "AI fatigue" sell-offs as the market waits for the full rollout of the Vera Rubin architecture. Despite this, NVIDIA's data center revenue continues to defy gravity, largely because their chips are the mandatory "toll booth" for every major AI project. Their software ecosystem, specifically Omniverse, is also being used by mineral refiners to create digital twins of separation facilities, optimizing the complex chemical processes needed to reach 99.9% purity for rare earth oxides.
Beyond the software, NVIDIA's high-performance hardware—like the Blackwell and the upcoming Rubin GPUs—relies on high-speed networking and storage that utilize precision neodymium magnets. However, NVIDIA's real market-moving power is in its "AI Factory" concept. By automating the mining sector, they are effectively providing the brainpower that helps the West rebuild a critical mineral supply chain that was almost entirely lost to international competitors over the last three decades.
By. Charles Kennedy
The AI boom is triggering an unexpected and unprecedented bull run in natural gas and power stocks. If you aren't paying attention to the energy demands of data centers, you will miss the biggest energy story of the decade. The smart money is already quietly moving into the few companies prepared to power the trillion-dollar AI machine.
Oilprice Intelligence brings you the inside view on where the next gains will come from, breaking down the market's biggest growth driver with analysis from veteran oilmen and experts. Click here to get this crucial intel for free
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GM letos spustí vlastní palubní AI asistenta, který bude hlouběji propojen s vozidlem, OnStar a telematickými daty. Má lépe rozumět potřebám řidiče i vozu než současný Gemini AI asistent od Googlu.
DETROIT – General Motors plans to launch its own in-vehicle artificial intelligence system that's better tailored for its customers later this year.
The new GM AI assistant is expected to be more integrated with the vehicle as well as its capabilities and telematics information than the company's recently launched Gemini AI assistant from Google, according to Anna Santos, GM director of product management of voice and AI/machine learning.
"Later this year, we'll be launching a more deeply integrated native AI assistant that combines conversational AI with GM vehicle knowledge and OnStar intelligence to create those capabilities that go beyond what a general purpose assistant can do," she told CNBC.
GM last year announced the Gemini AI bot would launch this year in millions of 2022 model-year vehicles and newer, followed by a GM AI assist, but did not provide additional details on the technology.
Santos said the new GM assistant, which she declined to disclose a name for, will be able to better "understand the vehicle, the drive and our customers' needs, and make everyday ownership simpler."
With Gemini, customers can speak naturally without memorizing commands or repeating context. It also is beginning to offer "live sessions" in which the bot will speak with a like a normal conversation or play games like trivia or 20 questions. It also can control some aspects of GM vehicles, such as temperature and radio controls, but in general operates like it would through a phone.
"This is the beginning of a broader AI journey for us," Santos said. "There's a limit to what an AI that's just sort of sitting at the top level of the vehicle can do."
The Detroit automaker is working with an unnamed large language model provider on its technology to assist GM and its owners with predictive maintenance, vehicle telemetry and other more auto-focused features.
That also could include commands such as "kids setting" that would tailor music, seats, heating/cooling and door lock controls for children.
"It's data that's going to be proprietary to GM, and our goal is to make sure that we're bringing the right technology forward to enable us to build the deep vehicle expertise that we want to be able to bring to the AI assistant," Santos said.
GM i Ford ve 2. čtvrtletí překonaly očekávání a obě společnosti zvýšily celoroční výhled. GM navíc zvýšila upravený EPS na 12 až 14 USD a upravený EBIT na 14 až 16 miliard USD.
General Motors (GM - Free Report) ) and Ford Motor (F - Free Report) ) have both delivered better-than-expected second-quarter results, reinforcing the resilience of Detroit's legacy automakers despite a challenging backdrop that includes tariffs, slowing EV demand, and elevated interest rates.
Better pricing, disciplined cost controls, and continued strength in trucks and SUVs helped both companies top Wall Street's expectations while raising their full-year outlooks.
Following their upbeat Q2 reports, investors may be wondering whether the recent rally in both stocks has further room to run, with GM spiking 18% this month and F up 11%.
Image Source: Zacks Investment Research
GM Continues to Execute at a High LevelReporting Q2 results last week, General Motors once again demonstrated why it has become one of the auto industry's most consistent earnings performers.
General Motors reported Q2 revenue of $48.02 billion, up nearly 2% year over year and comfortably exceeding estimates of $46.55 billion by 3%.
More impressively, Q2 adjusted EPS of $3.57 soared 41% from earnings of $2.53 per share in the prior year quarter and crushed expectations of $3.13.
Image Source: Zacks Investment Research
GM raised its full-year guidance for the second time this year across several key metrics, increasing its adjusted EBIT (Earnings Before Interest and Taxes) outlook to a range of $14 billion to $16 billion, raising its adjusted EPS guidance to $12 to $14, and boosting its adjusted automotive free cash flow forecast to between $9.5 billion and $11.5 billion.
Operationally, North America remained the primary profit engine. GM generated an impressive 8.6% adjusted EBIT margin in the region, benefiting from continued demand for its full-size pickup trucks and SUVs, disciplined pricing, lower warranty costs, and improving EV profitability. Management also highlighted record adoption of its Super Cruise driver-assistance technology and improving efficiency across its manufacturing footprint.
These results suggest GM's strategy of balancing traditional internal combustion vehicles with a more measured EV transition is paying off. It’s also noteworthy that in the current global automotive landscape, a healthy EBIT margin for an automaker is generally considered to be in the low single digits.
Illustrating strong operational profitability and efficiency, GM’s trailing 12-month EBIT margin is at an industry-leading 5.78%, with Ford’s being roughly on par with the Zacks Automotive-Domestic Industry average of 2.81%.
Image Source: Zacks Investment Research
Ford Delivers an Encouraging QuarterFord also impressed investors with an earnings beat and a higher full-year outlook after reporting Q2 results yesterday evening.
Adjusted EPS came in at $0.42, rising from $0.37 per share a year ago and beating expectations of $0.33 by 27%.
Ford's operational performance remained encouraging, as adjusted EBIT climbed 17% YoY to $2.5 billion, highlighting the benefits of stronger pricing, a favorable product mix, and improving cost discipline.
This was despite Q2 revenue of $44.89 billion falling from $46.94 billion in the prior year quarter and missing estimates of $45.71 billion. That said, the company capitalized on a richer mix of high-margin trucks and SUVs while improving cost controls amid slower volume sales, which were attributed to discontinued vehicle models such as the Ford Escape.
Ford raised its full-year adjusted EBIT forecast to $10 billion-$11 billion, up from $8.5 billion-$10.5 billion, while also increasing its free cash flow outlook by roughly $1 billion to a range of $10 billion-$11 billion. Managment cited improving U.S. vehicle pricing, recovering aluminum supplies, and expected tariff refunds as key drivers behind the stronger outlook.
Image Source: Zacks Investment Research
GM & Ford Valuation ComparisonDespite their impressive rallies, both stocks remain inexpensive compared to the broader market.
GM continues to trade at a significant discount to the S&P 500, offering one of the lowest forward earnings multiples among large-cap industrial companies at 6X. Given General Motors improving earnings outlook, expanding margins, and strong free cash flow generation, that discount may prove difficult to justify if execution remains consistent.
Ford is also attractively valued at 9X forward earnings, although the market appears to be assigning a modest premium relative to GM because of its improving profitability and generous shareholder returns.
Image Source: Zacks Investment Research
To that point, Ford's dividend remains an added attraction for income-oriented investors at 4.01% compared to GM’s 0.8%. Still, GM's accelerating earnings growth and aggressive share repurchases have arguably created greater shareholder value in recent years.
Image Source: Zacks Investment Research
Conclusion & Final Thoughts GM and Ford both demonstrated that legacy automakers can still generate impressive earnings growth despite ongoing uncertainty surrounding tariffs, EV demand, and the broader economy.
For investors seeking the stronger combination of earnings momentum, improving profitability, and an attractive valuation, GM appears to have the edge following its impressive Q2 performance and second guidance increase of the year.
However, Ford's raised outlook, improving execution, and shareholder-friendly capital return strategy continue to make it an appealing long-term investment as well.
Supported by improving fundamentals and continued upward earnings estimate revisions, GM stock currently sports a Zacks Rank #2 (Buy), while Ford shares land a Zacks Rank #3 (Hold).
