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General Motors (NYSE: GM) today posted a Q3 2025 net income of $1.3 Billion down $700 million year-over-year on $48.6B in revenue. This included a gross tariff impact of $1.1 billion. GM offset more than 30% of this amount through what it said was go-to-market, footprint, and cost initiatives. It was a strong quarterly performance, but GM still faces major challenges in China, as well as problems dealing with Korea, Mexico and Canada via the upcoming re-negotiation of the North American Free Trade Agreement with the Trump Administration’s hostile to our northern neighbor. Nonetheless GM stock closed the day at $66.62, up $8.62 for a +14.86% gain.
“Thanks to the collective efforts of our team, and our compelling vehicle portfolio, GM delivered another very good quarter of earnings and free cash flow. In the U.S., we achieved our highest third-quarter market share since 2017 with strong margins, and our restructured China business was profitable once again. Based on our performance, we are raising our full-year guidance, underscoring our confidence in the company’s trajectory,” said Ceo and Chair Mary Barra. Continue reading
GM Ends Production of BrightDrop EVs in Canada
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General Motors (NYSE: GM) today confirmed the end of production of the BrightDrop electric delivery van built at CAMI Assembly in Ingersoll, Ontario. BrightDrop production will not be moved to another site. GM said “The commercial electric delivery van market developed much slower than expected with the plant operating below capacity and production suspended since May 2025. A changing regulatory environment and the elimination of tax credits in the United States have made the business even more challenging. The decision is part of broader adjustments the company is making to North America EV capacity.”
This was said while Mary Barra GM CEO was praising Donald Trump on the GM earnings call. “I also want to thank the President and his team for the important tariff updates they made on Friday. The MSRP offset program will help make U.S.-produced vehicles more competitive over the next five years, and GM is very well positioned as we invest to increase our already significant domestic sourcing and manufacturing footprint. Continue reading →