General Motors

Canadian Prime Minister Mark Carney and U.S. President Donald Trump held last-minute negotiations to avoid 50% U.S. tariffs on $20 billion of Canadian exports, including hockey sticks and liquor, set for a Wednesday deadline. The tariffs, invoked under the rarely-used Section 338 of the Tariff Act of 1930, were paused for three days after progress toward a deal. The dispute stems from U.S. allegations of Canadian trade discrimination in alcohol, autos, and dairy. Existing tariffs already cover Canadian steel, aluminum, and lumber.

137 reports · 39 sources · Updated Aug 31, 04:45 AM UTC

Ford Motor Company announced on August 12, 2026, that it will phase out imports of Lincoln vehicles from China to the United States starting in 2030, expanding domestic production instead. The decision, driven by President Trump’s automotive tariffs and reshoring policies, is expected to create thousands of US jobs. The Lincoln Nautilus, imported from China since 2024, faces a 52.5% tariff. Ford currently assembles the Navigator and Aviator in Kentucky and Illinois, exporting to Canada, Mexico, and the Middle East.

7 reports · 3 sources · Updated Aug 14, 06:01 PM UTC

Amazon disclosed receiving $600 million in tariff refunds in Q2 2026, following a Supreme Court ruling that invalidated many Trump-era tariffs imposed under IEEPA. CFO Brian Olsavsky said the company will automatically refund customers in limited cases where tariff charges were directly passed on, and use remaining funds to lower prices. The refunds come amid a class-action lawsuit accusing Amazon of initially avoiding refunds to curry favor with Trump. Other major retailers like Apple, Walmart, and Costco also applied for refunds.

7 reports · 3 sources · Updated Aug 7, 10:26 PM UTC

General Motors and China's SAIC Motor renewed their 50-50 joint venture, SAIC-GM, for 20 years through 2047, following a major restructuring that closed plants and ended Chevrolet sales in China. The venture will focus on Buick and Cadillac in China, export vehicles to non-U.S. markets, and launch at least 30 electric/hybrid models by 2030. GM’s China business returned to profitability after losses, with $83 million in Q2 2026 earnings.

5 reports · 2 sources · Updated Aug 5, 04:54 PM UTC

Ford issued a recall for nearly 80,000 Explorer and Lincoln Aviator SUVs from the 2026 and 2027 model years due to a defect where the driver's seat can recline on its own when the vehicle is remotely unlocked or started, potentially pinning second-row passengers and increasing injury risk. The National Highway Traffic Safety Administration identified the issue. Ford has not yet developed a fix or determined a notification schedule, but no accidents or injuries have been reported. This recall adds to Ford's record-setting pace of recalls in 2026, with 61 total U.S. recalls this year—more than the next three automakers combined—following earlier recalls for seats moving unexpectedly and engine fire risks in Broncos and F-series trucks.

1 reports · 1 sources · Updated Jul 28, 01:33 PM UTC

South Korea's KOSPI index plunged approximately 10% on Tuesday, driven by a global selloff in tech stocks, particularly chipmakers SK Hynix and Samsung Electronics, which fell 13% and 12% respectively. The decline was attributed to renewed concerns over AI investment spending and competition from lower-cost Chinese companies. The weakness also spread to Japan's Nikkei, which fell 4.1%. Separately, Ford and General Motors are competing for a major Pentagon contract to build a tactical truck for the U.S. Army, with prototypes due for testing and first deliveries expected by March 2027. The contract could involve at least 600 vehicles at about $330,000 each. Additionally, Cracker Barrel CEO Julie Masino is stepping down after less than three years, following an ill-fated rebranding effort. She will be succeeded by former Bloomin' Brands CEO David Deno. Other trending stories include the FAA calling for Boeing 737 MAX seat inspections, BuzzFeed's plan to cut a third of its workforce, and Taiwan reportedly probing Nvidia over alleged AI chip smuggling to China.

1 reports · 1 sources · Updated Jul 28, 10:40 AM UTC

President Trump is traveling to Michigan on Monday to deliver a speech at General Motors' Milford Proving Ground facility, focusing on manufacturing and auto industry jobs. The visit is part of a broader push ahead of the midterm elections to emphasize economic achievements. Trump is expected to highlight the role of the auto industry and emerging technologies in job creation, using the GM testing facility as a backdrop to underscore his administration's economic policies. The event aims to rally support in a key industrial state that was pivotal in the 2016 election.

1 reports · 1 sources · Updated Jul 27, 03:00 PM UTC

Former President Donald Trump is visiting a General Motors facility in Milford, Michigan, as early voting begins for the state's August 4 primary. The visit underscores a growing dilemma for the Republican Party: while Trump remains a powerful force in GOP primaries, his polarizing presence may hurt the party's chances in the November general election. The article, published by Fortune on July 27, 2026, analyzes how Trump's continued influence could alienate swing voters in key battleground states like Michigan. The visit comes amid broader midterm election dynamics, with control of Congress potentially hinging on a handful of competitive House races. The piece highlights the tension between Trump's base appeal and the need to attract moderate voters in a closely divided political landscape.

1 reports · 1 sources · Updated Jul 27, 01:03 PM UTC

Ford issued a recall on July 24, 2026, for more than 500,000 Bronco SUVs (2021-2026 models, including Bronco Raptors) due to a wiring harness defect in the engine compartment that can cause a short circuit, potentially leading to engine fires. The National Highway Traffic Safety Administration (NHTSA) filing notes drivers may see smoke or warning messages before flames appear. Ford is aware of 15 fire incidents but no injuries or accidents. Owners will be notified on August 24, and Ford will install a new wiring compartment covering for free. This recall adds to Ford's record-setting pace of recalls in 2026, with 60 total recalls so far, the most of any automaker, following 153 recalls in 2025.

1 reports · 1 sources · Updated Jul 24, 03:55 PM UTC

IBM has agreed to acquire HRL Laboratories, a US-based R&D entity jointly owned by Boeing and General Motors, to bolster its quantum computing efforts. The deal, whose financial terms were not disclosed, will bring HRL's expertise in silicon-spin qubit engineering, quantum sensors, and advanced materials to IBM. Boeing and GM will retain partnerships with IBM for quantum applications post-acquisition. IBM expects the acquisition to help industrialize quantum sensing and advance quantum materials research, including collaboration with Anderon, a quantum wafer foundry IBM established in 2026. The transaction is subject to regulatory approvals and is expected to close by the end of Q3 2026. IBM recently reported flat Q2 2026 earnings with $17.2 billion in revenue.

1 reports · 1 sources · Updated Jul 24, 08:38 AM UTC

Fremont, California, is quietly becoming a major center for robotics and autonomous vehicle companies, according to a Business Insider report. The city, located in the East Bay, recently hosted a ribbon-cutting for Agility Robotics' new 60,000-square-foot engineering hub, where nearly 200 employees will work on the company's Digit bipedal robot. Fremont's rise is built on its preserved industrial land and manufacturing base, anchored by Tesla's acquisition of the former NUMMI plant in 2010. The city has streamlined regulations to attract hardware businesses. Other major players with a Fremont footprint include Meta, Zoox, Pony.ai, and DoorDash, which builds its delivery bot Dot there through a partnership with Sonic Manufacturing. The city's proximity to Palo Alto and Stanford allows companies to access top engineering talent while benefiting from large floor spaces and production expertise needed for robotics development and manufacturing.

1 reports · 1 sources · Updated Jul 24, 08:11 AM UTC

IBM shares are in focus after the company announced a definitive agreement to acquire HRL Laboratories, a premier quantum computing research facility jointly owned by Boeing and General Motors. The acquisition aims to accelerate IBM's roadmap in fault-tolerant quantum computing and next-gen sensing, integrating HRL's expertise in silicon-spin qubits and quantum materials with IBM's superconducting qubit leadership. The announcement came alongside weaker-than-expected Q2 earnings, prompting IBM to lower its full-year revenue growth guidance to about 5%. Despite the stock being down roughly 30% from its recent high and a Barchart technical '72% SELL' rating, Wall Street analysts remain bullish with a 'Moderate Buy' consensus and a mean price target of $273, implying nearly 30% upside. IBM also offers a 3.31% dividend yield, making it attractive for long-term investors.

1 reports · 1 sources · Updated Jul 23, 06:58 PM UTC

Ford and Apple announced a major expansion of their partnership, moving beyond CarPlay to integrate Apple Maps natively into Ford's upcoming universal EV platform. The system will power built-in navigation, traffic data, EV route planning, battery preconditioning, and location-aware features like automatic garage door opening. It will debut in a $30,000 EV pickup expected in 2027. Crucially, Android users will not need an iPhone to use the system. Ford's Latitude AI subsidiary will also use Apple Maps road-level data to develop a next-generation hands-free driving system designed for seamless highway travel. This partnership contrasts with rivals: GM is phasing out CarPlay for its own Google-based interface, while Tesla and Rivian maintain proprietary software ecosystems. The deal signals Apple's deeper push into automotive software beyond phone projection.

1 reports · 1 sources · Updated Jul 23, 04:35 PM UTC

General Motors raised its full-year 2026 profit outlook for the second time this year, now expecting adjusted EBIT of $14 billion to $16 billion, up from $13.5-$15.5 billion. The stock rose about 5% on the news. While Q2 revenue rose only 1.9% to $48 billion and net income fell 31% due to $2.3 billion in EV realignment charges, adjusted earnings per share jumped 41% to $3.57. The key driver was improvement in the electric vehicle business, where losses are expected to shrink by $1-$1.5 billion this year. North America posted an 8.6% EBIT-adjusted margin, up 2.5 points, with steady pricing at $52,000 average transaction price and falling warranty costs. GM trades at roughly 6 times guided earnings.

1 reports · 1 sources · Updated Jul 22, 08:43 PM UTC

The U.S. Senate Commerce Committee advanced bipartisan legislation, the Motor Vehicle Modernization Act of 2026, aimed at blocking Chinese-linked automakers and vehicle technology from the U.S. market over national security concerns. Senator Ted Cruz warned that the bill's 15% Chinese ownership threshold could inadvertently bar Mercedes-Benz, whose two largest individual shareholders—Chinese state-owned BAIC (9.98%) and Geely founder Li Shufu (9.69%)—collectively own nearly 20% of the company. Senator Bernie Moreno stated Mercedes would have until 2030 to comply or could seek a waiver. Cruz accused General Motors of supporting the provision to weaken Mercedes-Benz and boost Cadillac. Mercedes-Benz employs over 10,000 people in the U.S. and operates assembly plants in Alabama and South Carolina.

1 reports · 1 sources · Updated Jul 22, 05:52 PM UTC

The Senate Commerce, Science and Transportation Committee approved a bill introduced by Sen. Bernie Moreno (R-Ohio) and co-sponsored by Sen. Elissa Slotkin (D-Mich.) that would ban the import, sale, and operation of vehicles manufactured by companies deemed 'foreign entities of concern,' primarily targeting Chinese-made vehicles and connected vehicle technologies. Moreno argued the bill addresses national security risks, including remote control of steering, braking, and acceleration by adversarial governments. Two amendments were considered: one by Sen. Tammy Duckworth to align definitions with existing Commerce Department rules (voted down 9-19), and another by Sen. Ted Cruz to soften a provision on Chinese ownership (withdrawn). Cruz expressed support for the bill but warned that overly broad language could impact foreign batteries and raise costs, potentially hindering the bill's passage into law.

1 reports · 1 sources · Updated Jul 22, 05:11 PM UTC

General Motors reported strong second-quarter earnings, beating analyst expectations on both revenue ($48 billion) and adjusted EPS. CFO Paul Jacobson called the stock a 'bargain' on CNBC despite a 40% share price rise over the past year. Key positives include record first-half EPS, expanding margins, aggressive stock buybacks ($2 billion in Q2, 35% share reduction over three years), and growth in software, insurance, and defense segments. However, concerns include a $2.3 billion one-time charge for scaling back EV strategy, a 31% decline in GAAP net income, market share slipping from 17.4% to 16.6%, and revenue growth of less than 2% year-over-year. The article presents both bullish and bearish arguments for GM's valuation.

1 reports · 1 sources · Updated Jul 22, 04:08 PM UTC

Unionised workers at GM Korea, the South Korean subsidiary of General Motors, have continued partial strikes into a second week after failing to reach an agreement on salaries and bonuses. The labour union, affiliated with the Korean Metal Workers' Union, staged four-hour walkouts across all shifts on July 21 and 22, demanding a KRW 149,600 (US$100) increase in basic monthly pay, a KRW 30 million (US$20,240) annual performance bonus per worker, and a commitment to introducing new models at the company's plants. GM Korea's global sales rose 10.5% to 275,523 units in the first half of 2026, driven by a 12% rise in exports to 270,252 units, mostly to the US, while domestic sales plunged over 35% to 5,271 units. The company has set a production target of 500,000 vehicles for 2026, up from 462,310 in 2025, and earlier pledged US$600 million to upgrade local manufacturing for next-generation models.

1 reports · 1 sources · Updated Jul 22, 12:07 PM UTC

Unionized workers at GM Korea, the South Korean subsidiary of General Motors, have extended their partial strike into a second week after failing to reach an agreement on salaries and bonuses. The labor union, affiliated with the Korean Metal Workers' Union, staged four-hour walkouts on July 21 and 22, demanding a KRW 149,600 (US$100) increase in basic monthly pay, a KRW 30 million (US$20,240) annual performance bonus per worker, and a commitment to introduce new models at the company's plants. GM Korea's global sales rose 10.5% to 275,523 units in the first half of 2026, driven by a 12% increase in exports to 270,252 units, mostly to the US, while domestic sales fell over 35%. The company aims to produce 500,000 vehicles in 2026, up from 462,310 in 2025, and earlier pledged US$600 million to upgrade local manufacturing for next-generation models.

1 reports · 1 sources · Updated Jul 22, 12:07 PM UTC

General Motors (GM) raised its full-year 2026 earnings guidance for the second time this year, following strong second-quarter results. The US automaker reported Q2 revenue of $48.02 billion, up 1.9% year-on-year, and adjusted EBIT of $3.94 billion, a 29.8% increase. Net income attributable to stockholders fell 31.1% to $1.30 billion, while adjusted diluted EPS rose 41.3% to $3.57. By segment, GM North America saw adjusted EBIT surge 42.7% to $3.4 billion, while GM International's adjusted EBIT slipped 6.6% to $190 million. Equity income from China increased 16.9% to $83 million. GM Financial's adjusted earnings before tax fell 14% to $605 million. For the first half of 2026, revenue reached $91.65 billion and adjusted EBIT rose 25.6% to $8.19 billion. GM now expects full-year adjusted EBIT of $14-$16 billion, up from $13.5-$15.5 billion, and adjusted diluted EPS of $12-$14. The company also recently entered a strategic customer agreement with Micron Technology for memory and storage products.

1 reports · 1 sources · Updated Jul 22, 09:48 AM UTC

General Motors is increasingly focusing on software and subscription services as a high-margin revenue stream, highlighted by strong growth in OnStar and Super Cruise. OnStar generated approximately $800 million in Q2 2024, up over 20% year-over-year, with GM expecting to add 1 million subscribers this year. Super Cruise, GM's hands-free driving system, saw revenue rise 70% and is on track to exceed 850,000 subscribers by year-end. Retention after the free three-year trial is 30-40%. GM's software business retains roughly 70 cents per dollar, far exceeding typical auto margins. The push comes as EVs reduce traditional maintenance revenue. Competitors like Ford, Tesla, Mercedes-Benz, and BMW are also expanding subscription offerings. Wall Street reacted positively, with GM stock rising 8.8% after the earnings call.

1 reports · 1 sources · Updated Jul 22, 09:03 AM UTC

Grupo Antolin, a 75-year-old Spanish auto parts manufacturer founded in 1950, filed for Chapter 15 bankruptcy recognition in the US Bankruptcy Court for the Southern District of New York on July 20, 2026. The filing seeks to protect the company's US assets while it implements a restructuring plan approved by a Spanish court on July 17. The company, which generated €3.73 billion ($4.25 billion) in revenue in 2025, operates 111 production plants in 23 countries and employs 20,000 workers, including 2,100 in the US. It supplies major automakers such as Ford, General Motors, Stellantis, Volkswagen, Hyundai, and Renault-Nissan. The restructuring was prompted by macroeconomic headwinds including the COVID-19 pandemic, the Ukraine war's supply chain disruptions, US tariffs on European auto components, and high debt obligations with maturities in 2027 and 2028. The company plans to continue normal operations without terminating employees during the restructuring process.

1 reports · 1 sources · Updated Jul 21, 11:27 PM UTC

This is the transcript of General Motors Company's Q2 2026 earnings conference call held on July 21, 2026. The call was led by CEO Mary Barra and CFO Paul Jacobson, with opening remarks from VP of Investor Relations Ashish Kohli. The transcript includes the list of company participants and analysts from major investment banks such as UBS, Barclays, Morgan Stanley, and Goldman Sachs. The call covers GM's financial results for the second quarter of 2026, with forward-looking statements subject to risks and uncertainties. The full financial details and Q&A session are included in the presentation materials available on GM's investor relations website. The call was moderated by an operator and included a safe harbor statement regarding forward-looking expectations.

1 reports · 1 sources · Updated Jul 21, 05:53 PM UTC

General Motors raised its full-year profit forecast by an additional $500 million after exceeding second-quarter earnings expectations. The improved outlook is driven by stronger margins on its largest vehicles, particularly big trucks, and lower tariff costs. Bloomberg's David Welch reported the news, noting that GM shares rose 3.28% following the announcement. The company's premium pricing strategy for its truck lineup has proven effective in boosting profitability despite broader market challenges.

1 reports · 1 sources · Updated Jul 21, 04:53 PM UTC

General Motors raised its full-year profit forecast by an additional $500 million after exceeding second-quarter earnings expectations. The improved outlook is driven by stronger margins on its largest vehicles, particularly big trucks, and lower tariff costs. The announcement, reported by Bloomberg's David Welch, led to a 5.37% increase in GM's stock price. The company's premium pricing strategy for its truck lineup has proven effective in boosting profitability despite broader market challenges.

1 reports · 1 sources · Updated Jul 21, 04:53 PM UTC

General Motors reported strong Q2 2026 results, raising guidance for the second time in 2026. Key drivers include steady North American demand, consistent pricing in full-size pickups (42% market share), and a 2.5 percentage point margin expansion driven by lower EV losses, reduced warranty costs, and operational efficiencies. The company is onshoring manufacturing to reach 2 million units of U.S. capacity by 2027. EV losses are projected to improve by $1B-$1.5B for the full year, while software and services revenue is expected to exceed $3B in 2026. GM recorded $2.3B in EV-related restructuring charges in Q2. The 2027 outlook anticipates year-over-year growth in revenue, margins, EBIT, and free cash flow, supported by next-generation pickup production and Super Cruise expansion. GM is also partnering with Peak Energy to develop sodium-ion battery cells for grid storage.

1 reports · 1 sources · Updated Jul 21, 04:51 PM UTC

General Motors reported its fifth consecutive earnings beat on July 21, 2026, with adjusted EPS of $3.57 versus $3.20 estimates and revenue of $48 billion. CFO Paul Jacobson attributed the results to multi-year inventory and incentive discipline, with GM incentives at 4.7% of MSRP versus the 6.3% industry average. The company raised full-year EPS guidance to $12-$14 per share. GM has retired over 35% of diluted shares since 2023 and trades under 6 times 2026 earnings. Q2 free cash flow surged 78%. The stock rose 5.24% intraday to $79.82. Jacobson noted resilient consumer demand for trucks and SUVs despite recessionary sentiment, and guided for $2.5-$3.5 billion in full-year tariff costs, calling the situation manageable.

1 reports · 1 sources · Updated Jul 21, 04:13 PM UTC

General Motors reported its fifth consecutive earnings beat on July 21, 2026, with adjusted EPS of $3.57 against estimates of $3.20 and revenue of $48 billion topping consensus. CFO Paul Jacobson attributed the results to multi-year discipline in inventory and incentives, with GM's incentives running at 4.7% of MSRP versus the 6.3% industry average. The company raised full-year adjusted EPS guidance to $12-$14 per share, its second lift this year. GM has retired over 35% of diluted shares since 2023 and trades under 6 times 2026 earnings despite Q2 free cash flow surging 78%. The stock rose 5.24% intraday to $79.82 but remains down 1.94% year-to-date. Jacobson noted resilient consumer demand for trucks and SUVs despite recessionary sentiment, and guided for a $2.5-$3.5 billion full-year tariff impact, which he described as manageable.

1 reports · 1 sources · Updated Jul 21, 04:13 PM UTC

General Motors reported a $2.3 billion EV-related charge in its latest quarter, bringing total costs from its EV strategy reset to $10.9 billion since the second half of 2025. The automaker is cutting battery capacity, reworking factories for gas engine production, and shipping fewer EVs to dealerships—31,000 fewer in Q2 compared to a year earlier—while increasing gas-powered vehicle shipments by 30,000. The shift follows the expiration of the $7,500 federal EV tax credit in September, which dampened US demand. GM's luxury brand Cadillac, despite being America's best-selling luxury EV maker, is also developing new internal combustion engine vehicles launching from spring 2025 through 2028. CEO Mary Barra's 2021 prediction that GM would outsell Tesla in EVs by 2025 did not materialize; GM sold just over 150,000 EVs last year versus Tesla's 590,000. GM says the major cash costs from the EV reset are now substantially complete, and its stock rose over 3% after the earnings call.

1 reports · 1 sources · Updated Jul 21, 04:12 PM UTC

Tesla (TSLA) heads into its Q2 2026 earnings report as the worst-performing Magnificent 7 stock, down 17.82% year-to-date. The article from 24/7 Wall St. via Yahoo Finance provides a buy rating with a $428 price target, citing potential catalysts like expanding automotive margins, FSD subscription growth, and upcoming product launches (Cybercab, Semi, Optimus). Q1 results showed a 15.78% revenue increase and an 18% EPS beat. Prediction markets assign a 77.5% probability of a Q2 beat. The bull case targets $487, while the bear case sits at $375. Risks include declining energy revenue, rising inventory, and high valuation (167x forward P/E). The article also compares Tesla to GM and Rivian, noting Tesla's premium pricing is a bet on its AI and robotics future.

1 reports · 1 sources · Updated Jul 21, 02:30 PM UTC