A month has gone by since the last earnings report for General Motors (GM) . Shares have added about 1.8% in that time frame, outperforming the S&P 500.But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is General Motors due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for General Motors Company before we dive into how investors and analysts h ...

近日，多家境外媒体援引知情人士消息报道，美国通用汽车公司（GM）要求旗下数千家供应商清除供应链中的中国零部件。分析人士指出，通用汽车的这 一决定并非突如其来，也并非针对中国或特定地区。在不久前的三季度电话会议上，通用汽车全球采购和供应链副总裁希尔潘·阿明表示，供应中断的风险 迫使公司不再仅仅依赖成本最低的国家。舆论关注上汽通用股东双方未来合作是否会受影响。 s a 4 a 7. 00 - 72 187 in 8 2,7 A P Car Wa 124, 19 5 d Help 0 8 = )。 126 : Vie Chia Rea 1500 t r 533 25,50 Circo J - So Com 8 30 - 1992 House 1 1998 Redy Book 15 a " " " The States of the 2017 3 re of the CALL A 1 12 12 11 ck f Carter t 2 t 201 0 E (656 P 44 1 面对外部市场变化，通用汽车全球出口与零售创新高级副总裁何思文（前通用汽车中国公司总裁）和上汽通用汽车总经理卢晓指出，尽管面临压力，但股东 双方 ...

PresentationDan LevyBarclays Bank PLC, Research Division Okay. Great, and we're live. Thank you, everyone, for joining. This is the 16th Annual Barclays Global Autos and Mobility Tech Conference. I'm Dan Levy. I lead autos research -- U.S. autos research coverage at Barclays. Really pleased to see how the conference has evolved over the years, and we're really glad to kick it off with GM. A very interesting and resilient earnings power story in the face of what's been an interesting year with tariffs. So I ...

General Motors Company (NYSE:GM) FY Conference November 19, 2025 08:40 AM ET Company ParticipantsPaul Jacobson - CFOConference Call ParticipantsNone - Analyst 2None - Analyst 1Dan Levy - Senior Equity Research AnalystDan LevyOkay, great, and we're live. Thank you, everyone, for joining. This is the 16th annual Barclays Global Autos and Mobility Tech Conference. I'm Dan Levy. I lead U.S. auto's research coverage at Barclays. Really pleased to see how the conference has evolved over the years, and we're reall ...

Core Viewpoint - The automotive industry is experiencing heightened tensions in supply chain dynamics, with major companies like General Motors and Tesla taking steps to reduce reliance on Chinese suppliers amid escalating geopolitical tensions and trade disputes [1][2][6]. Supply Chain Dynamics - General Motors has instructed thousands of suppliers to eliminate Chinese components from their supply chains, with some suppliers required to completely sever ties with China by 2027 [1]. - Tesla is also moving to stop using Chinese parts in its U.S. production lines, aiming to fully replace them with components from other countries within 1 to 2 years [1]. - European automakers Stellantis, BMW, and Volkswagen have collectively demanded suppliers to replace all Chinese-made semiconductors within the next 18 months, pushing for a "China-free" supply chain [2]. Geopolitical Context - The push to reduce dependence on Chinese supply chains is part of a broader trend among Western countries to bring manufacturing back home, driven by rising geopolitical tensions and supply chain vulnerabilities highlighted by recent events, such as the disruption caused by Nexperia, a subsidiary of China's Wingtech Technology [4][6]. - The automotive industry is viewed as a strategic sector that must be reclaimed to stabilize the manufacturing base in the U.S. and Europe [9]. Challenges in Supply Chain Rebuilding - The automotive supply chain is deeply globalized and complex, making it difficult for Western countries to quickly establish alternative sources to replace Chinese components [3][10]. - The U.S. automotive industry relies heavily on imports, with approximately 60% of parts sourced from abroad, including over 40% from Mexico and about 11% from China [10]. Economic Importance of the Automotive Sector - The automotive industry is crucial for national economies, contributing significantly to GDP and employment. For instance, it accounts for about 10% of GDP in China and Germany, and 20% in Japan [8]. - The sector's comprehensive nature means that rebuilding the automotive supply chain could stimulate multiple industrial sectors [8]. Future Outlook for Chinese Enterprises - Despite the challenges posed by supply chain restructuring, Chinese automotive companies are expected to leverage their manufacturing efficiency and scale to maintain a competitive edge, particularly in the electric vehicle sector [20]. - The shift in supply chains may compel Chinese firms to enhance their capabilities in higher-value segments, such as automotive chips and electric systems, as they adapt to the changing landscape [20].

宽适空间之上，至境世家更以8屏空间生态互联，构建全家沉浸式娱乐厅。搭载的高通最新SA8775P芯片，高达72TOPS的AI算力为8屏数字空间提供强 大支持。座舱内不仅有50吋全景AR-HUD抬头显示，还配备10.25吋仪表屏、16.3吋中控屏、16.3吋副驾屏和21吋4K后舱多媒体智慧屏。屏幕均达到200PPI视 网膜级细腻画质，并通过莱茵TUV低蓝光护眼认证，呵护视力健康。后舱娱乐屏支持连接蓝牙麦克风和游戏手柄，配合Bose悦享音响系统，瞬间化身移动 的KTV与游戏室。两个5.5吋智慧移动管家屏，则让二排乘客对舒适功能一屏掌控。此外，二排OMS摄像头，支持手势控车和乘员实时检测，为宝宝睡眠或 宠物留车等场景提供更贴心的呵护。AI大模型语音助手可控制超过700项车控功能，并提供情绪陪聊和AI绘画等服务，让移动的家更有温度。 11月14日，别克品牌宣布，备受瞩目的新能源旗舰MPV——至境世家，将于第二十三届广州国际汽车展览会首次亮相，届时别克将深入诠释对于人车 空间的思考，将豪华新能源MPV的价值提升到全新高度。 作为别克深耕MPV市场26年的旗舰之作，至境世家基于百万级"逍遥"架构打造，它将以旗舰空间、旗舰豪 ...

2025年11月12日，路透社独家报道了一条震惊全球汽车圈的消息。通用汽车已向全球数千家供应商下达指令，要求在2027年前彻底清除供应链 中的中国产原材料与零部件。部分供应商被设定了2027年的最后期限，必须完全切断采购联系。 路透社在其报道中提到，通用汽车全球采购负责人希尔潘·阿明表示，供应链的抗风险能力至关重要，必须确保对自身供应链拥有更强的掌控力，清楚 了解每一批货物的来源。 通用汽车之后，特斯拉也发出了类似指令。据外媒报道，2025年11月15日，《华尔街日报》在报道中援引知情人士称，特斯拉要求其供应商在生产美国 汽车时排除中国制造的零部件，并计划在未来一两年内将所有其他零部件都更换为中国以外地区生产的零部件。 很显然，两家汽车公司在贯彻"去中国化"，将汽车产业的地缘政治博弈推向高潮。但他们想掌控汽车配套供应，真的能脱离中国零部件吗？ 两家公司在美国的经济影响 通用汽车是美国的老牌汽车企业，是美国传统汽车的代表。特斯拉则是后起之秀，近年来的市场增长率远超通用汽车，比通用汽车更有活力。这两家公 司对美国经济的影响力较大，在中美竞争的关键时期发布这些决定，需要引起高度重视。 英国《经济学人》杂志曾发表一篇 ...

Core Viewpoint - Jefferies raised the target price for General Motors from $55 to $75 [1] Company Summary - The adjustment in target price reflects a positive outlook on General Motors' performance and potential growth [1]

Core Insights - General Motors (GM) and Ford (F) are two leading American automakers that have shown resilience through economic cycles and are transitioning towards electric and software-defined vehicles, with both companies reporting better-than-expected results in Q3 2025 [1][2] Q3 Results Review - Ford's Q3 2025 adjusted EPS was 45 cents, exceeding the Zacks Consensus Estimate of 38 cents but down from 49 cents in the previous year. Consolidated revenues reached $50.5 billion, a 9.3% increase year-over-year, with total automotive revenues at $47.2 billion, surpassing the estimate of $42.7 billion [4] - General Motors reported an adjusted EPS of $2.80, beating the Zacks Consensus Estimate of $2.28 but down from $2.96 a year ago. Revenues were $48.59 billion, exceeding the estimate of $43.61 billion but slightly lower than $48.76 billion from the previous year [6] Growth Drivers - Ford Pro is a significant growth driver for Ford, supported by strong demand for Super Duty trucks and expanding software and service offerings, with paid subscriptions increasing by 8% to 818,000 in Q3 [5] - GM's software and services business is gaining momentum, with approximately $2 billion in revenues recognized year-to-date from offerings like Super Cruise and OnStar, and deferred revenues reaching $5 billion, up over 90% year-over-year. OnStar's subscriber base grew 34% to over 11 million [7] Outlook - GM has raised its free cash flow (FCF) and EPS guidance for 2025, forecasting adjusted automotive FCF at $10-$11 billion and adjusted diluted EPS at $9.75-$10.50, indicating a stronger 2026 [8][9] - Ford has reduced its 2025 EBIT and free cash flow outlook due to supply disruptions from a fire at Novelis' aluminum plant, expecting a fourth-quarter EBIT headwind of $1.5-$2 billion and a free cash flow impact of $2-$3 billion [10] Balance Sheet - GM had total automotive liquidity of $35.7 billion as of September 30, 2025, while Ford ended Q3 with over $54 billion in liquidity. GM has a lower long-term debt-to-capitalization ratio compared to Ford [11] Dividend and Buyback Appeal - Ford offers a high dividend yield of over 4%, targeting distributions of 40-50% of FCF, while GM's dividend yield is less than 1%. GM has repurchased over $3.5 billion in stock year-to-date, enhancing shareholder value [12][13] Valuation - Ford is trading at a forward earnings multiple of 9.74X, above its five-year median of 7.48X, while GM's forward earnings multiple is at 6.26X, slightly above its median of 5.54X [14] EPS Estimates - Ford's 2025 EPS consensus indicates a year-over-year decline of 41.3%, while GM's 2025 EPS consensus implies a decline of 3%, with both companies expected to see an uptick in 2026 [17][18] Investment Recommendation - GM is viewed as a stronger investment option due to its upgraded guidance, expanding software revenue, and disciplined cost management, while Ford faces challenges from supply disruptions and a projected EPS decline [19][20]

11月第三周，国内汽车市场热度不减，销量捷报、企业合作与新车上市成为本周核心看点。新能源汽车持续领跑，主流车企纷纷发力，共同推动行业向高质 量方向发展。以下为本周车市热点信息汇总。 岚图汽车第30万辆整车下线 11月10日，岚图汽车宣布第30万辆整车——岚图泰山正式下线。从第20万辆到第30万辆，岚图仅用时7个月时间。 作为第30万辆下线的车型，岚图泰山堪称岚图技术积淀的集大成者。其搭载最新版鸿蒙座舱语音大模型、华为ADS Ultra四激光雷达智能辅助驾驶方案、AI 云舒座椅、32扬声器音响系统以及三腔空气悬架等，不仅智能化配置丰富，同时还兼顾驾乘舒适性与操控性。据悉，该车型将于11月18日正式上市。 第五代瑞虎8限时抢鲜价9.29万元起 11月10日，奇瑞汽车全新第五代瑞虎8上市，限时抢鲜价9.29万元-12.29万元。造型设计上，新车提供双前脸造型，内饰也对应搭配晨曦山林环抱式座舱和星 河丛林灵动式座舱，适配不同审美。智能化方面，新车全系采用8155芯片，同时还搭载AI语言大模型等。 动力上，全新第五代瑞虎8搭载的鲲鹏1.6T发动机，最大输出功率147kW，峰值扭矩达310N·m；传动系统部分，匹配7DC ...