General Motors Company (GM) designs, builds, and sells trucks, crossovers, cars, and automobile parts, and provides software-enabled services and subscriptions worldwide . The company operates through segments such as GM North America (GMNA) and GM International (GMI), marketing vehicles under brands like Buick, Cadillac, Chevrolet, and GMC . GM is also investing in electric vehicles (EVs) and autonomous vehicles (AVs), with a focus on expanding their EV portfolio through their Ultium architecture . Additionally, GM offers automotive financing services through its GM Financial segment, contributing significantly to its revenue and profitability .
- GM North America (GMNA) - Designs, builds, and sells vehicles under the Buick, Cadillac, Chevrolet, and GMC brands in North America.
- GM International (GMI) - Markets vehicles under the Buick, Cadillac, Chevrolet, Baojun, and Wuling brands in international markets, primarily in China.
- GM Financial - Provides automotive financing services, significantly contributing to GM's revenue and profitability.
- Electric Vehicles (EVs) - Invests in and expands the EV portfolio using the Ultium architecture, aiming for a significant increase in production capacity.
- Cruise - Develops and commercializes autonomous vehicle technology.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Mary Barra ExecutiveBoard | Chair and Chief Executive Officer (CEO) | Board Member at The Walt Disney Company | Mary Barra has been CEO since 2014 and Chair since 2016. She has led GM's transformation toward electric and autonomous vehicles and spearheaded cultural and operational changes. | |
Craig Glidden Executive | EVP and Strategic Advisor; President of Cruise | None | Joined GM in 2015 as General Counsel. Now serves as Strategic Advisor and President of GM Cruise Holdings LLC, focusing on autonomous vehicle operations. | |
Grant Dixton Executive | EVP, Chief Legal and Public Policy Officer | None | Joined GM in 2024, previously served as Chief Legal Officer at Activision Blizzard and General Counsel at Boeing. Oversees GM's global legal, compliance, and public policy functions. | |
Marc Whitten Executive | CEO of Cruise | None | Appointed CEO of Cruise in 2024. Previously held leadership roles at Sonos, Amazon, Unity, and Microsoft. | |
Alfred F. Kelly, Jr. Board | Board Member | Board Chair at Mother Cabrini Health Foundation; Trustee at Boston College, Iona University, New York Presbyterian Hospital, and St. Joseph’s Seminary; Advisory Director at Berkshire Partners | Former CEO and Chairman of Visa Inc. Joined GM's Board in 2024, bringing expertise in financial services and technology. |
- Given the headwinds in China and the competitive environment, how specifically do you plan to make your Chinese joint ventures sustainable and profitable, and what restructuring actions are you considering?
- With the EV market becoming increasingly competitive, and considering your goal to make EVs profitable on an EBIT basis quickly, what are the main obstacles you foresee in achieving this, and how do you plan to overcome them?
- Can you elaborate on the rationale behind seeking external funding for Cruise when GM has sufficient capital, and how will this impact your control over Cruise's strategic direction?
- As you expect 2025 results to be in a similar range to 2024, can you provide more detail on the specific tailwinds and headwinds, such as the impact of cost inflation and pricing pressures, that underpin this outlook?
- With the anticipated decrease in adjusted EBIT in Q4 compared to Q3, can you break down the major factors contributing to this decline, and how do you plan to mitigate similar impacts in the future?
Research analysts who have asked questions during General Motors earnings calls.
Adam Jonas
Morgan Stanley
4 questions for GM
Dan Levy
Barclays PLC
4 questions for GM
Emmanuel Rosner
Wolfe Research
4 questions for GM
Joseph Spak
UBS Group AG
4 questions for GM
John Murphy
Bank of America
3 questions for GM
Ryan Brinkman
JPMorgan Chase & Co.
3 questions for GM
Chris McNally
Evercore ISI
2 questions for GM
Daniel Roeska
Bernstein Research
2 questions for GM
Itay Michaeli
TD Cowen
2 questions for GM
Mark Delaney
The Goldman Sachs Group, Inc.
2 questions for GM
Michael Ward
Citi Research
2 questions for GM
Tom Narayan
RBC Capital Markets
2 questions for GM
Edison Yu
Deutsche Bank
1 question for GM
Gautam Narayan
RBC Capital Markets
1 question for GM
James Picariello
BNP Paribas
1 question for GM
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
GM Cruise Holdings LLC | 2022 | GM acquired SoftBank's stake for $2.1 billion and added an extra $1.35 billion investment to increase its ownership to approximately 80%, enabling Cruise's inclusion on GM’s U.S. Federal consolidated income tax return and significant tax and liquidity adjustments. |
Recent press releases and 8-K filings for GM.
- The White House plans to extend a tariff relief provision for U.S. automakers by five years, resetting a benefit that was set to expire after two years.
- Automakers can claim up to 3.75% of the value of American-made vehicles as a tariff offset, with phased reductions in subsequent years.
- The move aims to offset increased costs from tariffs on vehicles, parts, steel, and aluminum and to counter foreign competitors’ trade advantages, such as Japan’s reduced auto import tariffs.
- GM shares rose as much as 3.8% following reports of the impending announcement.
- Analysis of telematics from over 72,000 heavy-duty trucks shows that current long-haul duty cycles are compatible with today’s battery-electric vehicle capabilities.
- 62% of driving legs are under 200 miles (serviceable by mid-range electric trucks) and 82% are under 400 miles (within reach of long-range models).
- Charging can align with existing stops: median stop duration exceeds 90 minutes after 300+ mile legs, and 30% of end-of-leg stops last over 10 hours, enabling seamless integration of high-power charging.
- Electrifying legs under 200 miles—which account for 21% of total miles—could save 138 million gallons of diesel and prevent 9.9 million metric tons of greenhouse gas emissions.
- General Motors announced a $1.6 billion Q3 charge due to a reassessment of its EV capacity amid slowing demand.
- The charge comprises a $1.2 billion non-cash impairment and a $400 million cash impact from contract cancellations and settlements tied to EV investments.
- The company cited the expiration of the $7,500 federal tax credit for EV purchases at the end of September as a key factor in reduced demand.
- GM warned that further charges could be possible as it continues to evaluate its EV operations.
- Shares of GM fell by 2% in premarket trading following the announcement.
- $1.6 billion in charges for GM North America in Q3 2025, comprising $1.2 billion in non-cash EV capacity impairments and $0.4 billion in cash charges for contract cancellations and settlements.
- Charges arise from a strategic realignment of EV manufacturing footprint following U.S. policy changes that reduced consumer tax incentives and eased emissions regulations, expected to slow EV adoption.
- Additional material cash and non-cash charges are reasonably possible as GM continues its EV capacity reassessment; these will be reflected in non-GAAP measures.
- Current retail Chevrolet, GMC and Cadillac EV models in production remain available and are not impacted by the realignment.
- Only U.S. automaker to secure a domestic rare-earth magnet supply chain, with initiatives launched in 2021 in partnership with VAC, MP Materials, and Noveon Magnetics.
- South Carolina manufacturing facility slated to begin operations in the fall, with production dedicated to GM’s EV and automotive electronics needs.
- Multi-year supply agreement signed with Noveon Magnetics, bolstering resilience against China’s export restrictions.
- Stock price rose 0.7% post-announcement, reflecting investor confidence in mitigating supply chain risks.
- General Motors will launch the 2027 Chevrolet Bolt in January 2026 with starting prices under $30,000 (base trims $28,595–$29,990; RS $31,600–$32,995).
- The Ultium-based Bolt packs a 65 kWh LFP battery, ~210 hp front motor and an estimated 255 mile EPA range, charging 10–80% in about 26 minutes via NACS up to 150 kW.
- It adds interior and tech upgrades: an 11.3″ touchscreen, larger instrument cluster, wireless charging and optional Super Cruise, plus bi-directional vehicle-to-load/home charging up to 9.6 kW.
- Positioned as a value-focused EV, it offers 16 cu ft of cargo (rear seats up) and 57 cu ft (seats folded), aiming to undercut rivals like the Leaf amid the loss of a $7,500 federal EV tax credit.
- General Motors scrapped a program to let dealers continue offering the $7,500 federal EV tax credit after its September 30, 2025 expiration, reversing an earlier strategy by GM Financial to buy roughly 20,000 EVs and pass the credit savings to customers.
- The decision followed concerns voiced by Republican Senator Bernie Moreno, prompting GM to abandon the scheme amid scrutiny over potential abuse of the credit.
- GM will instead offer about $6,000 in lease savings from its own funds, reflecting a shift in subsidy approach as federal EV incentives are rolled back under the Trump administration.
- Despite policy headwinds, GM’s stock has gained 7% year-to-date and 23% over the past 12 months, buoyed by investor optimism on cost control and regulatory changes.
- The DOE agreed to defer $184 million of scheduled debt service from the first five years to later maturity periods under the $2.23 billion loan.
- Lithium Americas will contribute an additional $120 million to DOE loan reserve accounts within 12 months of the amendment’s effective date.
- In exchange, the DOE will acquire a 5% equity stake in Lithium Americas via warrants and a 5% economic interest in the Thacker Pass JV via non-voting units.
- The JV and GM amended their lithium offtake agreement to permit third-party sales of remaining production volumes.
- The at-the-market equity program sold 26.9 million shares for $99.99 million in gross proceeds, completing on October 1, 2025.
- GM and Lithium Americas reached a non-binding agreement in principle with the U.S. DOE to advance the first draw of US$435 million on a US$2.26 billion DOE loan for the Thacker Pass project.
- The DOE will defer US$182 million of debt service over the first five years of the loan.
- As consideration, the DOE will receive a 5% equity stake in Lithium Americas via warrants and a 5% economic interest in the joint venture through additional warrants.
- Lithium Americas will post an extra US$120 million to DOE loan reserve accounts, and GM will amend its offtake agreement to allow the JV to enter third-party sales for volumes not forecasted to GM.
- Enterprise adoption of Neural Concept’s AI platform doubled since January 2025, driven by a 40 % upsell increase as customers scale from bespoke applications to enterprise-wide use.
- Annual recurring revenue (ARR) growth now exceeds cash burn, ranking Neural Concept among the most financially efficient in its sector.
- Global operations are expanding across Switzerland, France, Germany, North America, Japan, South Korea and India to meet sustained demand.