Financial Performance - For the year ending December 31, 2025, the company expects net income attributable to stockholders to be between $7.7 billion and $9.5 billion, with EBIT-adjusted between $10.0 billion and $12.5 billion[144]. - The company experienced a net income decrease to $4.0 billion for the six months ended June 30, 2025, from $6.1 billion in the prior year[224]. - The net income attributable to stockholders for the six months ended June 30, 2025, was $1.0 billion, a decrease of $0.1 billion or 9.1% from $1.1 billion in the same period of 2024[237]. - For the four quarters ended June 30, 2025, net income attributable to stockholders was $4.8 billion, down from $11.1 billion for the same period in 2024, resulting in a return on equity (ROE) of 7.1%, compared to 15.7% in the previous year[263]. - Diluted earnings per common share for the six months ended June 30, 2025, was $5.24, a decrease of 11.2% from $5.89 in the same period of 2024[259]. Sales and Market Share - In the first half of 2025, industry sales in North America increased by 4.0% to 10.3 million units, while U.S. industry sales rose by 3.8% to 8.3 million units[148]. - The company's total vehicle sales in the U.S. reached 1.4 million units, capturing a market share of 17.3%, an increase of 1.2 percentage points compared to the same period in 2024[149]. - In China, industry sales grew by 7.5% to 12.4 million units, with the company's total vehicle sales at 0.9 million units, resulting in a market share of 7.2%[151]. - Total vehicle sales outside of China were 0.4 million units, with a market share of 3.1%, reflecting a decrease of 0.3 percentage points compared to the same period in 2024[152]. - Total vehicle sales in North America for the three months ended June 30, 2025, were 878,000 units, a 6.2% increase from 827,000 units in the same period of 2024[157]. - GM's market share in the United States increased to 17.4% for the three months ended June 30, 2025, compared to 16.7% in the same period of 2024[157]. - Total vehicle sales in China reached 448,000 units for the three months ended June 30, 2025, up from 373,000 units in the same period of 2024, resulting in a market share increase to 6.8%[157]. - The total worldwide vehicle sales for GM reached 1,539,000 units for the three months ended June 30, 2025, compared to 1,432,000 units in the same period of 2024, resulting in a market share increase to 6.8%[157]. Revenue and Expenses - Total net sales and revenue for GM decreased by 1.8% to $47.122 billion for the three months ended June 30, 2025, compared to $47.969 billion in the same period of 2024[164]. - Total net sales and revenue for the three months ended June 30, 2025, decreased by $1.239 billion, or 3.0%, to $39.486 billion compared to $40.725 billion in the same period of 2024[181]. - GM's total automotive revenue for the six months ended June 30, 2025, was $82.729 billion, a slight decrease of 0.7% from $83.272 billion in the same period of 2024[166]. - Total net sales and revenue for the six months ended June 30, 2025, decreased to $5.753 billion, a decline of 9.8% from $6.380 billion in the same period last year[188]. - Increased material and freight costs contributed $1.4 billion to the cost increase in the three months ended June 30, 2025, including $1.1 billion due to tariffs[168]. Investments and Financial Strategy - The company plans to invest approximately $10.0 billion to $11.0 billion in battery cell manufacturing joint ventures in 2025[205]. - The target average automotive cash balance is set at $18.0 billion to maintain a strong investment-grade balance sheet[205]. - The Board of Directors increased the share repurchase program capacity by $6.0 billion to a total of $6.3 billion, with an ASR program to repurchase $2.0 billion of common stock, resulting in the retirement of approximately 43 million shares[208]. - The company loaned $1.8 billion to Ultium Cells LLC at an interest rate of 5.7%, maturing in April 2030, to facilitate the prepayment of loans under the DOE's program[211]. - Total available automotive liquidity as of June 30, 2025, was $34.7 billion, down from $35.5 billion at December 31, 2024[221]. Operational Performance - The company achieved strong margins in the first half of 2025, driven by a robust product portfolio and ongoing cost discipline, despite potential impacts from evolving tariffs and policies[150]. - The company continues to focus on enhancing the competitiveness of its products in the Chinese market while executing restructuring plans, which may incur additional charges[151]. - The company highlighted the importance of delivering new products and services in response to competitive pressures and changing consumer preferences as a key strategic focus[268]. - The management cautioned that actual results may differ materially from forward-looking statements due to various risks, including market volatility and regulatory changes[271]. Tax and Interest - Income tax expense for the three months ended June 30, 2025, decreased by $286 million, or 37.3%, to $481 million compared to $767 million in the same period of 2024[177]. - The effective tax rate for the three months ended June 30, 2025, was 20.2%, with an ETR-adjusted rate of 17.9% after adjustments, compared to 21.0% and 20.9% respectively for the same period in 2024[262]. - The effective tax rate for the three and six months ended June 30, 2025, was 17.9% and 19.1%, respectively, with an expected adjusted effective tax rate between 17% and 19% for the year ending December 31, 2025[178]. - Interest income and other non-operating income, net, increased by $306 million, or not meaningful, to $366 million in the three months ended June 30, 2025, compared to $60 million in the same period of 2024[175]. Credit and Liquidity - All four credit rating agencies currently rate the company's corporate credit at investment grade, unchanged since December 31, 2024[232]. - GM Financial's total available liquidity increased to $37.0 billion as of June 30, 2025, up from $29.3 billion at December 31, 2024, representing a 26.4% increase[234]. - GM Financial's borrowing capacity on unpledged eligible assets increased to $25.7 billion as of June 30, 2025, compared to $21.5 billion at December 31, 2024, marking a 19.6% increase[234]. - GM Financial maintained liquidity to support at least six months of expected net cash flows without new debt financing, exceeding its liquidity targets as of June 30, 2025[237].

Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." GM shares fall as it struggles to keep up its profitability. GM CFO Paul Jacobson tells Bloomberg Open Interest the company is onshoring most of its production to offset the tariff impact. A mixed bag with tech earnings, as Google aims for its longest winning streak since 2010, and NXP Semiconductors falls short thanks to auto sector uncertainty. And is the meme mania back? Kohl's soars tri ...

Core Viewpoint - General Motors (GM) has secured the No. 2 position in the U.S. electric vehicle (EV) market and believes it has an inherent advantage over competitors like Tesla due to its diverse lineup of gas and electric vehicles [1][2]. Group 1: Market Position and Performance - Tesla remains the leading EV manufacturer in the U.S., while GM has reported a significant increase in its EV sales, totaling 46,300 units in the second quarter of 2025, more than double the 21,900 units sold in the same quarter last year [8]. - GM's total vehicle sales in the second quarter reached 974,000, with EVs accounting for a relatively small portion of this total [8]. - In the first half of 2025, GM sold 78,000 EVs, which is more than double the volume posted in 2024 [8]. Group 2: Financial Strategy and Manufacturing Flexibility - GM is focused on improving profitability for its EVs and has built flexibility into its manufacturing plants to adapt to changing EV demand by investing in both EVs and internal combustion engine (ICE) vehicles [2][9]. - GM's CFO highlighted that this flexibility allows the company to absorb manufacturing costs by increasing ICE production if EV demand decreases [9]. - The company announced a $4 billion investment in several American plants to boost production of both gas and electric vehicles [10]. Group 3: Market Trends and Future Outlook - The EV market is currently experiencing fluctuating demand, influenced by the impending end of the $7,500 tax credit for new EVs and the $4,000 credit for used EVs after September 30 [4]. - Sales of new EVs in the second quarter of 2025 declined by 6.3% year over year, marking only the third decline on record, although there was a 4.9% increase from the first quarter of 2025 [4][5]. - Analysts predict a potential rush in EV sales before the tax credit ends, with expectations of record new EV sales in the third quarter of 2025, followed by a significant drop in the fourth quarter as the market adjusts [5][6].

GM has the ability to manage Trump's policy pivots better than some rivals, @liamdenning says (via @opinion) https://t.co/arkiwaLxYW ...

All right, top of the morning. I'm Yo Finance executive editor Brian Saz and you're taking a look at a live shot. The opening bells on Wall Street on this busy earnings Tuesday morning.Walmart ringing the bell at the New York Stock Exchange. Touchdown Investments getting things popping over at the NASDAQ. Now, earnings fest is officially underway.Surely you're still assessing. Brief comments from Fred share Jerome Pal. this morning mostly on bank regulation which come during the Fed's blackout period and a ...

Tariff Impact & Mitigation - General Motors (GM) expects a $1.1 billion hit to profit from President Trump's tariffs [1] - GM aims to offset 30% of the tariff impact through cost austerity, manufacturing changes, and pricing strategies [4] - GM anticipates seeing mitigation efforts bear fruit in Q3 and Q4 of 2025 [10] - GM expects pricing to be up about 0.5% to 1% for the full year in 2025 [11] Supply Chain & Manufacturing - Only about 3% of GM's direct purchases come from China through the supply chain [6] - GM announced $4 billion of investments over the next couple of years to increase production in the United States [8] - GM will produce more than 2 million vehicles in the US after the investments, making it the largest producer in the country [8] Capital Allocation - GM will invest $10 to $12 billion over the next couple of years to improve its vehicle portfolio and footprint [17] - GM resumed share repurchases in July, with $4.3 billion remaining under its authorization as of June 30th [19]

Key Takeaways GM posted Q2 adjusted EPS of $2.53, beating estimates but down from $3.06 a year ago. Revenues of $47.12B topped forecasts, driven by GMNA, GMI, and GM Financial outperformance. GMNA and GM Financial profits fell Y/Y, while GMI earnings rose sharply on stronger-than-expected deliveries.General Motors (GM) reported second-quarter 2025 adjusted earnings of $2.53 per share, which surpassed the Zacks Consensus Estimate of $2.39. Higher-than-expected revenues from GM North America (GMNA), GM Inte ...

Market Overview - Pre-market futures are showing slight increases with the Dow and S&P 500 up by +9 points and Nasdaq up by +4 points [1] - Bond yields are decreasing, with the 10-year yield at +4.36%, the 2-year at +3.84%, and the 30-year down to +4.94% [1] Company Earnings Reports - General Motors (GM) reported Q2 earnings of $2.53 per share, exceeding expectations by +5.86%, with revenues of $47.98 billion, surpassing estimates by +1.89%. However, North American EBIT fell below expectations, leading to a -1.8% drop in shares [2] - Lockheed Martin (LMT) had a strong Q2 with earnings of $7.29 per share, a +12.33% surprise, but revenues of $18.2 billion were below consensus, resulting in a -7% pre-market decline. Northrop Grumman (NOC) reported earnings of $7.11 per share, exceeding estimates by +5.96%, and revenues surpassed expectations by +2.94%, leading to a +3% increase in shares [3] - D.R. Horton (DHI) reported Q3 earnings of $3.36 per share, exceeding consensus by +15.86%, with revenues of $9.23 billion, surpassing expectations by +5.13%. Shares rose by +6% [4] - Coca-Cola (KO) reported Q2 earnings of 87 cents per share, beating expectations of 83 cents, but revenues of $12.54 billion fell short by -0.44%. Shares are down modestly but up +12% year to date [5] - Sherwin-Williams (SHW) missed earnings expectations by -10.11% with $3.38 per share, although revenues of $6.31 billion slightly exceeded estimates by +0.49%. Shares fell by -4% [6] Upcoming Earnings Reports - Key earnings reports expected after market close include Texas Instruments (TXN), Capital One (COF), and Intuitive Surgical (ISRG). TXN anticipates double-digit growth in both earnings and revenues, COF expects over +20% gains, and ISRG projects +8% earnings growth and +16.8% revenue growth [7]

General Motors on Tuesday posted second-quarter results above analysts' estimates, but said it expects a bigger hit from tariffs in the second half of the year. https://t.co/NMncvH2LZe ...

Core Insights - General Motors (GM) reported a $1.1 billion impact from tariffs in the second quarter but still exceeded analyst expectations due to strong sales of gasoline trucks and SUVs [1][4] - The company anticipates that the tariff impact will worsen in the third quarter, maintaining a previous estimate that trade headwinds could affect the bottom line by $4 billion to $5 billion [1][5] - GM's revenue for the quarter fell nearly 2% to approximately $47 billion, with adjusted earnings per share dropping to $2.53 from $3.06 a year earlier, although it surpassed the average analyst expectation of $2.44 [4][5] Financial Performance - Adjusted earnings before interest and taxes decreased by 32% to $3 billion [5] - GM revised its annual guidance due to tariff impacts, lowering its forecast for annual adjusted core profit to between $10 billion and $12.5 billion [5] Market Dynamics - Despite tariff challenges, GM's underlying business remained solid, with a 7% increase in sales in the US market, its main profit center [6] - The company returned to a small profit in China after experiencing losses the previous year [6] Strategic Moves - GM has increased investment in its combustion-engine operations, raising questions about its goal to end production of gas-powered vehicles by 2035 [9] - The automaker announced a $4 billion investment in three facilities in Michigan, Kansas, and Tennessee, which includes plans to move production of the Cadillac Escalade and increase output of its pickup trucks [10] Industry Trends - Car manufacturers are increasingly focusing on strengthening their core lineup of gasoline trucks and SUVs as the growth rate of electric vehicle (EV) sales has slowed [13] - The impending elimination of government support for battery-powered models, including tax credits, is influencing this shift [14]