Ryan Brinkman's questions to General Motors (GM) leadership • Q3 2025
Question
Ryan Brinkman asked about GM Financial's consumer auto loan performance, particularly for prime customers, and what performance investors could expect in a U.S. downturn. He also inquired if a $14.5 billion EBIT for 2026 is reasonably possible, considering potential tailwinds from lower Korea tariffs and elimination of GHG/CAFE credits.
Answer
Paul Jacobson, GM's Executive Vice President and CFO, praised GM Financial's strong performance. Susan Sheffield, President and CEO of GM Financial, stated that portfolio performance for predominantly prime customers has been resilient, with credit performance as expected and normal seasonal trends. She affirmed a strong balance sheet to weather changes. Paul Jacobson declined to comment on specific 2026 EBIT figures but reiterated that 2026 is expected to be better than 2025, assuming a similar macro backdrop, due to articulated internal levers.