Audi over the weekend said it is plans to establish its first U.S. plant site in Georgia. Construction of the plant, designed to assemble an annual capacity of up to 200,000 vehicles, is scheduled to begin in 2027. Production is planned to start in the early 2030s, of Audi SUVs. [This is clearly and expensive bet – ~$4 billion – to protect Volkswagen AG (VOW.F) and its luxury brand Audi with its ~300 U.S. dealers from Trump mis-administration trade and tariff wars, which raised tariffs to 25% on fully finished German imports. – AutoCrat]*
“We have much greater ambitions for Audi in America. The United States is one of the world’s most important premium markets, and we have not yet realized our full potential. We are determined to change that — with premium products, a stronger brand and a competitive local production base. This is about building a stronger Audi business in America — not simply about building a factory,” said Gernot Döllner, Chairman of the Board of Management of AUDI AG. Continue reading
GM Q3 2026 Net $3.3B. More Share Buybacks Coming
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General Motors (NYSE: GM) today reported Q3 2026 revenue of $50.0 billion, net income attributable to stockholders of $3.3 billion, and EBIT-adjusted of $4.1 billion. The company is updating its full-year 2026 EBIT-adjusted guidance, narrowing the range. The company expects net income attributable to stockholders to be $8.9 billion to $9.5 billion; Automotive operating cash flow to be $17.3 billion to $20.3 billion; and EPS-diluted to be $9.72 to $10.72 based on its updated guidance and the impact of adjustments recorded year to date.
“GM is performing well, and we are working hard to continue our momentum despite growing inflationary pressures through strategic investments in new products and services, and through improved quality and operating efficiency. Over the next several years, our portfolio will only get stronger as we complete the launches of the all-new 2027 Chevrolet Silverado and GMC Sierra light duty pickups and follow them with our next-generation heavy duty pickups, our next-generation full-size SUVs, all-new Cadillac sedans and crossovers, and more,” said Mary Barra chair and CEO of General Motors. Continue reading →