Core Insights - General Motors (GM) is undergoing a restructuring of its software and product businesses, leading to the departure of several high-profile technology executives [1][2]. Group 1: Executive Departures - Baris Cetinok, GM's senior vice president of software and services product management, will leave the company effective December 12, marking the third tech executive to exit GM in about a month [2]. - Other executives who have left include Dave Richardson, senior vice president of software and services engineering, and Barak Turovsky, head of GM artificial intelligence [5]. Group 2: Organizational Changes - The restructuring involves combining vehicle software engineering and global product units under one organization, led by new Chief Product Officer Sterling Anderson [2]. - GM expressed gratitude for Cetinok's contributions and emphasized the integration of product management with engineering to enhance in-vehicle experiences [3]. Group 3: Background of Departing Executives - Cetinok joined GM in September 2023 after working with major tech companies like Apple, Microsoft, and Amazon [4]. - His departure follows a month after he described his role at GM as "a product person's dream" [4].

Core Insights - The AI-driven bull run of 2023 and 2024 has continued into 2025, with stock prices of AI-centric companies increasing by 300-500% during this period [1] - Old economy stocks from sectors such as industrials, finance, auto, materials, and construction have also seen significant gains, indicating a broad-based market rally [2] Old Economy Stocks - Five old-economy stocks have rallied over 15% year to date and have favorable Zacks Ranks indicating further upside potential in 2026: Comfort Systems USA Inc. (FIX), The Travelers Companies Inc. (TRV), General Motors Co. (GM), JPMorgan Chase & Co. (JPM), and Crane Co. (CR) [3][9] - Each of these stocks carries a Zacks Rank of 1 (Strong Buy) or 2 (Buy) [3] Comfort Systems USA Inc. (FIX) - FIX operates primarily in the HVAC markets and is benefiting from the data center boom driven by AI and cloud computing [6][7] - The company has an expected revenue growth rate of 14.7% and earnings growth rate of 16.4% for the next year, with a 20.1% improvement in the Zacks Consensus Estimate for next year's earnings over the last 30 days [8] The Travelers Companies Inc. (TRV) - TRV has a strong market presence in auto, homeowners' insurance, and commercial property-casualty insurance, with a high retention rate and positive renewal premium changes [10][11] - The expected revenue growth rate is 3.4% and earnings growth rate is 6.7% for the next year, with a 2% improvement in the Zacks Consensus Estimate for next year's earnings over the last 30 days [12] General Motors Co. (GM) - GM holds a 17% market share in the U.S. automotive market, supported by strong demand for its brands and a 10% year-over-year sales increase in China [13][14] - The expected revenue growth rate is -0.8% and earnings growth rate is 11.5% for the next year, with a 6.5% improvement in the Zacks Consensus Estimate for next year's earnings over the last 30 days [15] JPMorgan Chase & Co. (JPM) - JPM is expected to see net interest income growth driven by business expansion initiatives and high interest rates, with a projected CAGR of 3.3% by 2027 [16] - The expected revenue and earnings growth rate for the next year is 3.7%, with a slight improvement in the Zacks Consensus Estimate for next year's earnings [18] Crane Co. (CR) - Crane manufactures engineered industrial products across various regions and has an expected revenue growth rate of 6.1% and earnings growth rate of 9.5% for the next year [19] - The Zacks Consensus Estimate for next year's earnings has improved by 2.5% over the last 30 days [19]

GM https://t.co/PKLJVgOGwb ...

Group 1 - Evercore ISI raised the target price for General Motors from $68 to $74 while maintaining an "Outperform" rating [1] - Jefferies also increased the target price for General Motors to $75 [1]

General Motors Co. (NYSE:GM) AI Chief Barak Turovsky has stepped down just eight months after joining the automaker.Physical AI Is Just As ExcitingTurovsky, in a post on the social media platform LinkedIn on Monday, announced that he was leaving his role with GM and added that physical AI was "just as exciting as LLMs."Source: Barak Turovsky via LinkedInTurovsky didn't announce his next role, but said that he would be "taking a sabbatical" to work on some "exciting new ideas." GM had hired Turovsky in a rol ...

Core Viewpoint - The ongoing U.S.-China trade tensions are leading American automakers to increasingly detach from Chinese supply chains, driven by U.S. policies aimed at boosting domestic manufacturing and reducing reliance on foreign components [1][4][20]. Group 1: U.S. Automakers' Strategies - Tesla is likely to stop using Chinese-made components in its U.S. vehicles within the next one to two years, indicating a shift in strategy that may impact Chinese suppliers [1][4]. - General Motors (GM) is reportedly planning to require its suppliers to move away from Chinese supply chains starting in 2024, reflecting a broader trend among U.S. automakers [7][8]. - The Inflation Reduction Act of 2023 includes provisions that prohibit U.S. automakers from using battery components and critical minerals sourced from China, Russia, North Korea, and Iran, further incentivizing the shift away from Chinese suppliers [8][9]. Group 2: Policy Implications - The Trump administration has implemented tariffs of 25% on imported vehicles and parts, significantly increasing production costs for American-made models [11][13]. - There is a potential for tariffs to rise to 50% if automakers do not further relocate production to the U.S., which could lead to increased vehicle prices for consumers [13][16]. - U.S. automakers are exploring ways to maintain compliance with trade regulations, including producing components in North America to qualify for tariff exemptions [15][16]. Group 3: Challenges and Market Dynamics - Despite the push for "decoupling," many U.S. and European automakers remain dependent on Chinese suppliers for critical components, making a complete separation challenging [20][22]. - For instance, Tesla's vehicles, while produced in North America, still rely on approximately 50% of their parts from China, highlighting the difficulty of fully eliminating Chinese components [22]. - The recent geopolitical tensions and supply chain disruptions have heightened concerns among automakers about the reliability of their supply chains, prompting a reevaluation of sourcing strategies [18][20].

This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Dive Brief: General Motors is reworking its AI structure with the departure of its former chief AI officer, Barak Turovsky. The executive announced his exit in a Friday LinkedIn post, and GM confirmed the news in a Monday email to CIO Dive.  Turovsky previously held leadership positions at PayPal, Microsoft, Google and Cisco before joining General Motors in March of this ...

Summary of Global Automobiles Conference Call Industry Overview - **Global BEV Sales Growth**: In September 2025, global Battery Electric Vehicle (BEV) sales increased by +31% year-over-year (y/y), reaching approximately 1.5 million units, marking a historic monthly high. For 3Q25, sales totaled 3.9 million units, reflecting a +32.4% y/y growth [1][2] - **Regional Performance**: The US led global growth in 3Q25 with a +33% y/y increase, attributed to pre-buying before the expiration of EV credits on September 30, 2025. Europe followed with a +32% y/y growth despite a seasonal decline of -2% quarter-over-quarter (q/q) [1] - **Future Projections**: Global BEV sales are expected to grow by +27% y/y in 2025, but growth will slow to approximately +14% y/y in 4Q25, primarily due to a potential sales decline in the US of -10% y/y or more after subsidy cuts [1] OEM Performance - **Tesla**: Gained market share in September 2025 (+120 basis points), with expectations of continued strength due to new entry-level models. However, a reversal is anticipated post-EV pre-buying in the US [2] - **BYD and Geely**: Experienced significant market share losses (-60 basis points and -100 basis points respectively) due to increased local competition and slower growth in China [2] - **US OEMs**: Celebrated the end of EV credits, pushing forward in the market [2] - **German Premium OEMs**: Mixed results; only Volkswagen and Mercedes-Benz gained market share, with Audi's global BEV sales up by +55% y/y in Q3 2025, while BMW saw a decline of -16% y/y [2] FY26 Outlook - **Sales Growth Expectations**: Global BEV sales growth is projected to decrease to approximately +17% y/y in FY26, down from +27% y/y in FY25, with total sales expected to reach around 16.9 million units [3] - **US Market Dynamics**: Anticipated zero growth in BEV sales in the US for FY26 due to the removal of purchase subsidies and changes in regulations [3] - **China's NEV Market**: Expected to see a reduction in purchase tax exemptions, leading to only a +1 million unit increase in BEV sales y/y, with intensified price pressure [3] - **European Market**: Projected to grow by +30% y/y, with BEV penetration reaching approximately 24%, supported by subsidy schemes in Italy and Germany [3] - **Chinese OEMs' International Expansion**: As domestic sales slow, Chinese OEMs like BYD plan to expand internationally, with new plants in Hungary and Türkiye set to open in 2026 [3] Additional Insights - **Model Launches**: Key model launches in FY26 include VW Polo/Cross, Hyundai Ioniq 3 & 9, Renault Twingo, BMW iX3/i3, and others [3] - **Market Share Trends**: Tesla's market share increased to 14.2% in September 2025, while BYD's decreased to 14.7%. Geely's market share fell to 7.1% [19] - **PHEV Sales Surge**: Anticipated surge in Plug-In Hybrid Electric Vehicle (PHEV) sales in China due to new EV rules, with PHEVs accounting for 40% of all passenger electric vehicle sales in the first eight months of 2025, reflecting a +35% y/y increase [8][9] This summary encapsulates the key points from the conference call, highlighting the current state and future outlook of the global automobile industry, particularly focusing on BEVs and the competitive landscape among OEMs.

Core Points - The Supreme Court hearing on November 5, 2025, posed significant challenges to Trump's tariff policies, with conservative justices questioning the legality of his actions [1][3] - The outcome of the hearing could lead to substantial financial implications for the U.S., potentially resulting in a refund of $750 billion to $1 trillion in tariffs [4][6] - The tariffs have adversely affected U.S. businesses, with companies reporting significant financial losses due to increased costs [6][8] Group 1: Legal and Political Implications - Chief Justice Roberts emphasized that the power to levy taxes belongs to Congress, not the President, highlighting the constitutional principle regarding taxation [3] - Justices appointed by Trump, including Gorsuch and Barrett, raised critical questions about the extent of presidential power in declaring emergencies to impose tariffs [3] - The hearing has shifted market expectations regarding the likelihood of Trump's tariff policies being upheld, dropping from 40% to 27% [3] Group 2: Economic Impact on Businesses - Companies like Learning Resources and Terry Precision Cycling reported significant financial losses due to tariffs, with the latter expecting a loss of $1.2 million by 2026 [4][6] - The tariffs have led to increased costs for major corporations, including Nike, which warned of a potential $1.5 billion loss due to tariffs [6][8] - The Senate passed a resolution to terminate Trump's global tariff policy, signaling a shift towards anti-tariff sentiment [6] Group 3: Global Trade Dynamics - The tariffs have prompted retaliatory measures from other countries, including Canada and Mexico, which have imposed their own tariffs on U.S. goods [8] - The WTO expressed concerns about the potential for a trade war to have catastrophic effects on the global economy, reminiscent of the 1930s [8] - Companies are adjusting their strategies to mitigate the impact of tariffs, with some committing to increased investments in the U.S. to secure tariff exemptions [8]

Core Viewpoint - Buick's new flagship MPV, the "Zhijing Shijia," showcases innovative health-focused technologies and aims to redefine the standards for luxury electric MPVs [1] Group 1: Health Features - The "Zhijing Shijia" features the "Five Constants" health cabin, which includes constant temperature, humidity, oxygen, cleanliness, and quietness [1][4] - The vehicle employs a dual-layer airflow system for temperature control and maintains humidity levels between 40%-60% [3] - An automatic oxygen control system ensures low CO2 levels, while Panasonic's nanoe X technology enhances air cleanliness [3][4] - The cabin is designed for optimal acoustic comfort, utilizing nearly 10 square meters of sound-absorbing materials and active noise cancellation technology [3] Group 2: Visual and Electromagnetic Safety - The vehicle includes eye-care certified lighting and multiple adjustable ambient lighting options to suit different activities [4] - It features a three-screen entertainment system with eye-care certification, designed to reduce glare and visual strain [4] - The "Zhijing Shijia" adheres to strict electromagnetic radiation safety standards, ensuring a safe environment for passengers [4] Group 3: Performance and Technology - Built on the new Buick "Xiaoyao" super-integration platform, the vehicle boasts a dual-motor hybrid system with 775 N·m of torque, achieving 0-100 km/h in just 5.8 seconds [5] - It offers a comprehensive range of 1320 km and a pure electric range of 224 km, with fast charging capabilities [5] - The advanced "Xiaoyao Zhixing" driver assistance system features cutting-edge technology for seamless urban driving and parking [5] Group 4: Space and Comfort - The interior length exceeds 3.6 meters, with a height of over 1.3 meters, providing ample space for all passengers [6] - The vehicle features innovative seating arrangements, including zero-gravity seats that adapt to passenger positions for maximum comfort [6] - The trunk space ranges from 630L to 2056L, accommodating multiple pieces of luggage even with full seating [6] - Additional features include a low-entry design for easier access and gesture-controlled sliding doors for convenience [6]