盘前市场动向 美股反弹并非信心投票!空头回补造就"虚假繁荣"，上涨行情或难延续。当美国股市在不确定性仍然挥之不去的情况下从抛售 中反弹时，推升行情的背后往往潜藏着一个激进的买家——被迫回补的空头。尽管此类激进的回补行为通常会推高整体市场， 但这种动态可能会制造一种虚假的"信心投票"。实际上，市场对美国总统特朗普的贸易议程或美联储政策走向都依然毫无把 握。虽然标普500指数上周上涨1.7%，但避险情绪现已升温，交易员正通过卖出看涨期权来筹集资金购买下行保护。 1. 10月21日(周二)美股盘前，美股三大股指期货涨跌不一。截至发稿，道指期货涨0.08%，标普500指数期货涨0.03%，纳指期 货跌0.05%。 | = US 30 | 46,743.90 | 46,784.30 | 46,618.00 | +37.30 | +0.08% | | --- | --- | --- | --- | --- | --- | | = US 500 | 6,737.30 | 6.747.80 | 6.726.40 | +2.20 | +0.03% | | 트 US Tech 100 | 25,128.60 | 25,204.3 ...

At 7:35 a.m. ET on Tuesday, premarket trading is seeing notable activity in several stocks, with early price movements signaling potential opportunities before the opening bell.For active traders, premarket trading offers a head start in spotting potential breakouts, reversals, or sharp price swings. These early moves often indicate where momentum may carry into the regular session, making premarket analysis a key part of the trading day.In the Green - Premarket GainersThe following stocks are trading high ...

[Executive Summary & Guidance](index=1&type=section&id=Executive%20Summary%20%26%20Guidance) This section summarizes General Motors' third-quarter 2025 financial results and updated full-year guidance [Third-Quarter 2025 Financial Highlights](index=1&type=section&id=Third-Quarter%202025%20Financial%20Highlights) General Motors reported its third-quarter 2025 financial results, with **revenue of $48.6 billion**, **net income attributable to stockholders of $1.3 billion**, and **EBIT-adjusted of $3.4 billion** Third-Quarter 2025 Financial Highlights | Metric | Amount (Billions) | | :-------------------------------- | :---------------- | | Revenue | $48.6 | | Net income attributable to stockholders | $1.3 | | EBIT-adjusted | $3.4 | [Full-Year 2025 Guidance Update](index=1&type=section&id=Full-Year%202025%20Guidance%20Update) GM updated its full-year 2025 earnings guidance, revising EBIT-adjusted and adjusted automotive free cash flow upwards, while narrowing the range for net income attributable to stockholders and EPS-diluted Full-Year 2025 Guidance Update | Metric | Updated 2025 Guidance | Previous 2025 Guidance | | :-------------------------------- | :-------------------- | :--------------------- | | Net income attributable to stockholders | $7.7 billion - $8.3 billion | $7.7 billion - $9.5 billion | | EBIT-adjusted | $12.0 billion - $13.0 billion | $10.0 billion - $12.5 billion | | Automotive operating cash flow | $19.2 billion - $21.2 billion | $17.0 billion - $20.5 billion | | Adjusted automotive free cash flow | $10.0 billion - $11.0 billion | $7.5 billion - $10.0 billion | | EPS-diluted | $8.30 - $9.05 | $8.22 - $9.97 | | EPS-diluted-adjusted | $9.75 - $10.50 | $8.25 - $10.00 | [Conference Call Information](index=1&type=section&id=Conference%20Call%20Information) GM's Chair and CEO Mary Barra and CFO Paul Jacobson hosted a conference call for the investment community to discuss the third-quarter results - Conference call for investors and analysts was held at **8:30 a.m. ET on October 21, 2025**[3](index=3&type=chunk) - Audio replay will be available on the GM Investor Relations website[5](index=5&type=chunk) [Consolidated Financial Results](index=2&type=section&id=Consolidated%20Financial%20Results) This section details General Motors' consolidated financial performance, covering income statement, balance sheet, and cash flow information [Results Overview (GAAP)](index=2&type=section&id=Results%20Overview%20%28GAAP%29) A comparative overview of key financial metrics for the three months ended September 30, 2025, shows significant declines in net income, EBIT-adjusted, and EPS-diluted compared to the prior year Results Overview (GAAP) | Metric | Sep 30, 2025 ($M) | Sep 30, 2024 ($M) | Change ($M) | % Change | | :-------------------------------- | :------------------ | :------------------ | :---------- | :--------- | | Revenue | 48,591 | 48,757 | (166) | (0.3)% | | Net income attributable to stockholders | 1,327 | 3,056 | (1,729) | (56.6)% | | EBIT-adjusted | 3,376 | 4,115 | (739) | (18.0)% | | Net income margin | 2.7 % | 6.3 % | (3.6) ppts | (57.1)% | | EBIT-adjusted margin | 6.9 % | 8.4 % | (1.5) ppts | (17.9)% | | Automotive operating cash flow | 6,070 | 7,863 | (1,793) | (22.8)% | | Adjusted automotive free cash flow | 4,201 | 5,834 | (1,633) | (28.0)% | | EPS-diluted | 1.35 | 2.68 | (1.33) | (49.6)% | | EPS-diluted-adjusted | 2.80 | 2.96 | (0.16) | (5.4)% | | GMNA EBIT-adjusted | 2,506 | 3,982 | (1,476) | (37.1)% | | GMI EBIT-adjusted | 226 | 42 | 184 | n.m. | | China equity income (loss) | 80 | (137) | 217 | n.m. | | GM Financial EBT-adjusted | 804 | 687 | 117 | 17.0 % | [Combining Income Statement Information](index=5&type=section&id=Combining%20Income%20Statement%20Information) This section details General Motors' income statement performance for the three and nine months ended September 30, 2025, compared to the prior year [Three Months Ended September 30, 2025 vs 2024](index=5&type=section&id=Three%20Months%20Ended%20September%2030%2C%202025%20vs%202024) For the third quarter of 2025, combined total net sales and revenue slightly decreased by **0.3% to $48.6 billion**, with Automotive revenue at **$44.3 billion** and GM Financial revenue at **$4.3 billion**. Operating income saw a significant decline to **$1.1 billion** from **$3.7 billion** in the prior year Three Months Ended September 30, 2025 vs 2024 | Metric | Sep 30, 2025 ($M) | Sep 30, 2024 ($M) | | :-------------------------------- | :------------------ | :------------------ | | Total net sales and revenue | 48,591 | 48,757 | | Total costs and expenses | 47,515 | 45,105 | | Operating income (loss) | 1,076 | 3,651 | | Income (loss) before income taxes | 1,419 | 3,717 | | Net income (loss) attributable to stockholders | 1,327 | 3,056 | [Nine Months Ended September 30, 2025 vs 2024](index=6&type=section&id=Nine%20Months%20Ended%20September%2030%2C%202025%20vs%202024) For the nine months ended September 30, 2025, combined total net sales and revenue remained stable at **$139.7 billion**. Operating income decreased to **$6.6 billion** from **$11.3 billion** in the prior year, and net income attributable to stockholders declined to **$6.0 billion** from **$9.0 billion** Nine Months Ended September 30, 2025 vs 2024 | Metric | Sep 30, 2025 ($M) | Sep 30, 2024 ($M) | | :-------------------------------- | :------------------ | :------------------ | | Total net sales and revenue | 139,732 | 139,740 | | Total costs and expenses | 133,177 | 128,478 | | Operating income (loss) | 6,555 | 11,262 | | Income (loss) before income taxes | 7,366 | 11,076 | | Net income (loss) attributable to stockholders | 6,007 | 8,969 | [Basic and Diluted Earnings per Share](index=7&type=section&id=Basic%20and%20Diluted%20Earnings%20per%20Share) Basic and diluted EPS for Q3 2025 were **$1.37** and **$1.35** respectively, significantly lower than Q3 2024. Year-to-date EPS also saw a decline, with diluted EPS at **$6.64** for the nine months ended September 30, 2025, compared to **$7.77** in the prior year Basic and Diluted Earnings per Share | Metric | Three Months Ended Sep 30, 2025 | Three Months Ended Sep 30, 2024 | Nine Months Ended Sep 30, 2025 | Nine Months Ended Sep 30, 2024 | | :-------------------------------- | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Basic earnings per common share | $1.37 | $2.71 | $6.75 | $7.85 | | Diluted earnings per common share | $1.35 | $2.68 | $6.64 | $7.77 | - Potentially dilutive securities were excluded from diluted EPS computation due to their antidilutive effect[18](index=18&type=chunk) [Combining Balance Sheet Information](index=8&type=section&id=Combining%20Balance%20Sheet%20Information) Total assets increased to **$288.2 billion** as of September 30, 2025, from **$279.8 billion** at December 31, 2024, driven by increases in current assets and non-current assets across segments. Total liabilities also increased to **$219.8 billion** from **$214.2 billion** Combining Balance Sheet Information | Metric | Sep 30, 2025 ($M) | Dec 31, 2024 ($M) | | :-------------------------------- | :------------------ | :------------------ | | Total Assets | 288,168 | 279,761 | | Total Liabilities | 219,766 | 214,171 | | Total Equity | 68,402 | 65,590 | [Combining Cash Flow Information](index=11&type=section&id=Combining%20Cash%20Flow%20Information) Net cash provided by operating activities for the nine months ended September 30, 2025, was **$20.1 billion**, an increase from **$16.0 billion** in the prior year. Net cash used in investing activities increased to **$12.5 billion**, while net cash used in financing activities decreased to **$4.6 billion** Combining Cash Flow Information | Cash Flow Activity | Nine Months Ended Sep 30, 2025 ($M) | Nine Months Ended Sep 30, 2024 ($M) | | :-------------------------------- | :------------------------------------ | :------------------------------------ | | Net cash provided by (used in) operating activities | 20,072 | 15,989 | | Net cash provided by (used in) investing activities | (12,473) | (14,004) | | Net cash provided by (used in) financing activities | (4,591) | 2,963 | | Net increase (decrease) in cash, cash equivalents and restricted cash | 3,246 | 4,798 | | Cash, cash equivalents and restricted cash at end of period | 26,210 | 26,715 | [Segment-Level Key Financial Information](index=13&type=section&id=Segment-Level%20Key%20Financial%20Information) This section details General Motors' financial performance across its key operating segments: GMNA, GMI, Cruise, and GM Financial [Segment Performance Summary](index=13&type=section&id=Segment%20Performance%20Summary) GMNA's net sales and revenue slightly decreased in Q3 2025 but increased year-to-date. GMI's net sales and revenue increased in both Q3 and YTD periods. Cruise continued to show operating losses, while GM Financial demonstrated growth in net sales and revenue Segment Performance Summary **Three Months Ended September 30:** | Metric | GMNA ($M) | GMI ($M) | Cruise ($M) | GM Financial ($M) | Total ($M) | | :-------------------------- | :---------- | :--------- | :---------- | :---------------- | :--------- | | Net sales and revenue (2025) | 40,551 | 3,645 | — | 4,337 | 48,591 | | Net sales and revenue (2024) | 41,157 | 3,517 | 26 | 4,031 | 48,757 | | Impairment charges (2025) | 1,044 | — | — | — | 1,044 | | Equity income (loss) (2025) | 214 | 83 | — | 9 | 290 | | Equity income (loss) (2024) | 309 | (132) | — | 10 | 187 | **Nine Months Ended September 30:** | Metric | GMNA ($M) | GMI ($M) | Cruise ($M) | GM Financial ($M) | Total ($M) | | :-------------------------- | :---------- | :--------- | :---------- | :---------------- | :--------- | | Net sales and revenue (2025) | 117,424 | 9,398 | 1 | 12,756 | 139,732 | | Net sales and revenue (2024) | 117,981 | 9,897 | 76 | 11,761 | 139,740 | | Impairment charges (2025) | 1,044 | 18 | — | — | 1,063 | | Impairment charges (2024) | — | — | 605 | — | 605 | | Equity income (loss) (2025) | 469 | 208 | — | 37 | 684 | | Equity income (loss) (2024) | 766 | (343) | — | 55 | 477 | - Automotive China joint ventures (JVs) equity income was **$80 million** in Q3 2025, a significant improvement from a loss of **$(137) million** in Q3 2024[33](index=33&type=chunk) - Equity earnings related to Ultium Cells Holdings LLC were **$213 million** in Q3 2025, down from **$309 million** in Q3 2024[34](index=34&type=chunk) [Non-GAAP Financial Measures and Reconciliations](index=14&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) This section defines and reconciles General Motors' non-GAAP financial measures, clarifying their calculation and purpose in performance assessment [Non-GAAP Measures Definitions](index=14&type=section&id=Non-GAAP%20Measures%20Definitions) This section defines and explains the purpose and calculation methodology for various non-GAAP financial measures used by GM, including EBIT-adjusted, EPS-diluted-adjusted, ETR-adjusted, ROIC-adjusted, and adjusted automotive free cash flow, emphasizing their use for operational and financial decision-making and performance assessment - Non-GAAP measures are used for operational and financial decision making, to assess Company and segment business performance, and to understand operating trends without regard to items not considered core operating performance[35](index=35&type=chunk)[36](index=36&type=chunk) - EBIT-adjusted excludes automotive interest income, automotive interest expense, income taxes, and certain additional adjustments not considered part of core operations[37](index=37&type=chunk) - Adjusted automotive free cash flow measures the liquidity of automotive operations and performance against capital allocation programs[41](index=41&type=chunk) [EBIT-Adjusted Reconciliation](index=15&type=section&id=EBIT-Adjusted%20Reconciliation) The reconciliation from Net income attributable to stockholders to EBIT-adjusted for Q3 2025 shows a decrease to **$3.4 billion** from **$4.1 billion** in Q3 2024, primarily due to significant adjustments related to EV strategic realignment and OnStar Smart Driver investigations EBIT-Adjusted Reconciliation | Metric | Three Months Ended Sep 30, 2025 ($M) | Three Months Ended Sep 30, 2024 ($M) | Nine Months Ended Sep 30, 2025 ($M) | Nine Months Ended Sep 30, 2024 ($M) | | :-------------------------------- | :----------------------------------- | :----------------------------------- | :---------------------------------- | :---------------------------------- | | Net income attributable to stockholders | 1,327 | 3,056 | 6,007 | 8,969 | | Income tax expense (benefit) | 127 | 709 | 1,326 | 2,238 | | Automotive interest expense | 209 | 206 | 560 | 631 | | Automotive interest income | (220) | (274) | (611) | (688) | | Total adjustments | 1,933 | 417 | 2,622 | 1,274 | | EBIT-adjusted | 3,376 | 4,115 | 9,903 | 12,424 | - Key adjustments in Q3 2025 included **$1,592 million** for EV strategic realignment and **$300 million** for OnStar Smart Driver investigations and litigation[43](index=43&type=chunk)[44](index=44&type=chunk) [EPS-Diluted-Adjusted Reconciliation](index=16&type=section&id=EPS-Diluted-Adjusted%20Reconciliation) EPS-diluted-adjusted for Q3 2025 was **$2.80**, a slight decrease from **$2.96** in Q3 2024. The reconciliation includes adjustments and their tax effects, as well as a return from preferred shareholders in the nine-month period EPS-Diluted-Adjusted Reconciliation | Metric | Three Months Ended Sep 30, 2025 (Per Share) | Three Months Ended Sep 30, 2024 (Per Share) | Nine Months Ended Sep 30, 2025 (Per Share) | Nine Months Ended Sep 30, 2024 (Per Share) | | :-------------------------------- | :------------------------------------------ | :------------------------------------------ | :----------------------------------------- | :----------------------------------------- | | Diluted earnings per common share | $1.35 | $2.68 | $6.64 | $7.77 | | Adjustments | 2.01 | 0.37 | 2.67 | 1.11 | | Tax effect on adjustments | (0.56) | (0.08) | (0.62) | (0.25) | | Return from preferred shareholders | — | — | (0.60) | — | | EPS-diluted-adjusted | $2.80 | $2.96 | $8.09 | $8.63 | - The nine-month period for 2025 included a **$(593) million** return from preferred shareholders related to the redemption of Cruise preferred shares[51](index=51&type=chunk)[52](index=52&type=chunk) [ETR-Adjusted Reconciliation](index=16&type=section&id=ETR-Adjusted%20Reconciliation) The effective tax rate for Q3 2025 was **8.9%**, while the ETR-adjusted was **19.8%**. For the nine months ended September 30, 2025, the ETR-adjusted was **19.3%** ETR-Adjusted Reconciliation | Metric | Three Months Ended Sep 30, 2025 (Effective Tax Rate) | Three Months Ended Sep 30, 2024 (Effective Tax Rate) | Nine Months Ended Sep 30, 2025 (Effective Tax Rate) | Nine Months Ended Sep 30, 2024 (Effective Tax Rate) | | :-------------------------------- | :--------------------------------------------------- | :--------------------------------------------------- | :------------------------------------------------- | :------------------------------------------------- | | Effective tax rate | 8.9 % | 19.1 % | 18.0 % | 20.2 % | | ETR-adjusted | 19.8 % | 19.5 % | 19.3 % | 20.4 % | [Return on Equity (ROE) Calculation](index=16&type=section&id=Return%20on%20Equity%20%28ROE%29%20Calculation) ROE for the four quarters ended September 30, 2025, was **4.7%**, a significant decrease from **15.9%** in the prior year, primarily due to lower net income attributable to stockholders Return on Equity (ROE) Calculation | Metric | Four Quarters Ended Sep 30, 2025 ($B) | Four Quarters Ended Sep 30, 2024 ($B) | | :-------------------------------- | :------------------------------------ | :------------------------------------ | | Net income attributable to stockholders | $3.0 | $11.1 | | Average equity | $65.2 | $69.5 | | ROE | 4.7 % | 15.9 % | [ROIC-Adjusted Calculation](index=17&type=section&id=ROIC-Adjusted%20Calculation) ROIC-adjusted for the four quarters ended September 30, 2025, was **18.5%**, slightly down from **19.4%** in the prior year, reflecting a decrease in EBIT-adjusted ROIC-Adjusted Calculation | Metric | Four Quarters Ended Sep 30, 2025 ($B) | Four Quarters Ended Sep 30, 2024 ($B) | | :-------------------------------- | :------------------------------------ | :------------------------------------ | | EBIT-adjusted | $12.4 | $14.2 | | ROIC-adjusted average net assets | $67.1 | $73.0 | | ROIC-adjusted | 18.5 % | 19.4 % | [Adjusted Automotive Free Cash Flow Reconciliation](index=17&type=section&id=Adjusted%20Automotive%20Free%20Cash%20Flow%20Reconciliation) Adjusted automotive free cash flow for Q3 2025 was **$4.2 billion**, down from **$5.8 billion** in Q3 2024. Year-to-date, it was **$7.8 billion**, a decrease from **$12.2 billion** in the prior year Adjusted Automotive Free Cash Flow Reconciliation | Metric | Three Months Ended Sep 30, 2025 ($M) | Three Months Ended Sep 30, 2024 ($M) | Nine Months Ended Sep 30, 2025 ($M) | Nine Months Ended Sep 30, 2024 ($M) | | :-------------------------------- | :----------------------------------- | :----------------------------------- | :---------------------------------- | :---------------------------------- | | Net automotive cash provided by operating activities | 6,070 | 7,863 | 13,127 | 19,174 | | Less: Capital expenditures | (2,113) | (2,229) | (6,054) | (7,495) | | Add: Buick dealer strategy | 243 | 100 | 708 | 376 | | Add: Restructuring actions | — | 74 | 139 | 74 | | Add: GMI plant wind down | — | 26 | 12 | 35 | | Add: China restructuring actions | 1 | — | 10 | — | | Less: Ultium strategic realignment | — | — | (103) | — | | Add: Employee separation costs | — | — | — | 58 | | Adjusted automotive free cash flow | $4,201 | $5,834 | $7,840 | $12,222 | [Vehicle Sales and Market Share](index=18&type=section&id=Vehicle%20Sales%20and%20Market%20Share) This section details General Motors' wholesale and total vehicle sales, including market share performance across various regions [Wholesale Vehicle Sales](index=18&type=section&id=Wholesale%20Vehicle%20Sales) Total wholesale vehicle sales for Q3 2025 were **977 thousand units**, a **5.4% decrease** from Q3 2024. Year-to-date wholesale sales also decreased by **3.7% to 2,862 thousand units** Wholesale Vehicle Sales | Region | Three Months Ended Sep 30, 2025 (Thousands) | Three Months Ended Sep 30, 2024 (Thousands) | Nine Months Ended Sep 30, 2025 (Thousands) | Nine Months Ended Sep 30, 2024 (Thousands) | | :-------------------------------- | :------------------------------------------ | :------------------------------------------ | :----------------------------------------- | :----------------------------------------- | | GMNA | 840 | 893 | 2,516 | 2,588 | | GMI | 137 | 140 | 346 | 383 | | Total | 977 | 1,033 | 2,862 | 2,971 | - **26.4%** of GM's wholesale vehicle sales volume in the nine months ended September 30, 2025, was generated outside the U.S.[60](index=60&type=chunk) [Total Vehicle Sales and Market Share by Region](index=19&type=section&id=Total%20Vehicle%20Sales%20and%20Market%20Share%20by%20Region) GM's total worldwide vehicle sales increased to **1,564 thousand units** in Q3 2025, up from **1,477 thousand** in Q3 2024, with market share increasing to **6.9%**. US market share increased to **17.0%** in Q3 2025, and China sales also saw an increase Total Vehicle Sales and Market Share by Region **Three Months Ended September 30, 2025:** | Region | Industry (Thousands) | GM (Thousands) | Market Share | | :-------------------------------- | :------------------- | :------------- | :----------- | | Total North America | 5,202 | 837 | 16.1 % | | Total Asia/Pacific, Middle East and Africa | 12,499 | 619 | 5.0 % | | Total South America | 1,166 | 107 | 9.2 % | | Total Worldwide | 22,751 | 1,564 | 6.9 % | | United States (Total) | 4,187 | 710 | 17.0 % | | China (Total) | 6,901 | 469 | 6.8 % | **Nine Months Ended September 30, 2025:** | Region | Industry (Thousands) | GM (Thousands) | Market Share | | :-------------------------------- | :------------------- | :------------- | :----------- | | Total North America | 15,523 | 2,534 | 16.3 % | | Total Asia/Pacific, Middle East and Africa | 35,903 | 1,729 | 4.8 % | | Total South America | 3,176 | 287 | 9.0 % | | Total Worldwide | 67,095 | 4,552 | 6.8 % | | United States (Total) | 12,516 | 2,150 | 17.2 % | | China (Total) | 19,299 | 1,359 | 7.0 % | [Fleet Sales and Capacity Utilization](index=19&type=section&id=Fleet%20Sales%20and%20Capacity%20Utilization) Total fleet sales increased to **254 thousand units** in Q3 2025, representing **16.3%** of total vehicle sales. North America capacity two-shift utilization improved to **118.3%** in Q3 2025, up from **109.1%** in Q3 2024 Fleet Sales and Capacity Utilization | Metric | Three Months Ended Sep 30, 2025 (Thousands) | Three Months Ended Sep 30, 2024 (Thousands) | Nine Months Ended Sep 30, 2025 (Thousands) | Nine Months Ended Sep 30, 2024 (Thousands) | | :-------------------------------- | :------------------------------------------ | :------------------------------------------ | :----------------------------------------- | :----------------------------------------- | | Total fleet sales | 254 | 234 | 767 | 721 | | Fleet sales as a percentage of total vehicle sales | 16.3 % | 15.9 % | 16.9 % | 17.0 % | | North America capacity two-shift utilization | 118.3 % | 109.1 % | 115.1 % | 106.4 % | [Company Information & Disclosures](index=3&type=section&id=Company%20Information%20%26%20Disclosures) This section provides an overview of General Motors' business, contact information, and disclosures regarding forward-looking statements [Company Overview](index=3&type=section&id=Company%20Overview) General Motors is a global transportation company focused on building safer, smarter, and lower-emission cars, trucks, and SUVs, offering a broad portfolio of gasoline-powered and electric vehicles under its Buick, Cadillac, Chevrolet, and GMC brands - GM is driving the future of transportation with advanced technology for safer, smarter, and lower emission vehicles[8](index=8&type=chunk) - GM's brands include Buick, Cadillac, Chevrolet, and GMC, offering both gasoline-powered vehicles and a wide range of EVs[8](index=8&type=chunk) [Contacts and Forward-Looking Statements](index=3&type=section&id=Contacts%20and%20Forward-Looking%20Statements) This section provides contact information for GM Communications and Investor Relations, along with a cautionary note regarding forward-looking statements, highlighting the inherent risks and uncertainties that could cause actual results to differ materially from projections - Contact information for GM Communications (Jim Cain, David Caldwell) and GM Investor Relations (Ashish Kohli, CFA) is provided[9](index=9&type=chunk) - The press release includes forward-looking statements based on current judgment and assumptions, but actual results may differ materially due to various factors described in SEC filings[9](index=9&type=chunk) - Readers are cautioned not to place undue reliance on forward-looking statements, and GM undertakes no obligation to update them[9](index=9&type=chunk)

CNBC’s Phil LeBeau and General Motors CFO Paul Jacobson join 'Squawk Box' to discuss the company's quarterly earnings results, impact of tariffs, state of the company's EV business, production outlook, and more. ...

Thank you, Becky. Let's bring in Paul Jacobson, CFO of General Motors. Uh Paul, thanks for joining us this morning on a big day.You beat on the top and the bottom line. You raised your guidance for the fourth quarter. Um even though you made less money in the quarter than the quarter last year due to the impact of tariffs, you've raised your guidance, you know, there's going to be more than a few investors who look at this and they say, given what's happening with tariffs, how are you able to do what you've ...

格隆汇10月21日｜通用汽车盘前拉升涨6%，公司预计本财年调整后每股收益9.75美元至10.50美元，此 前预计8.25美元至10美元。 ...

格隆汇10月21日｜通用汽车盘前涨近9%，公司预计本财年调整后每股收益9.75美元至10.50美元，此前 预计8.25美元至10美元。 ...

By Nora Eckert and Nathan Gomes (Reuters) -General Motors lifted its financial outlook for the year and slightly lowered its expected hit from tariffs, as the automaker awaits expected relief on tariffs in the U.S. while confronting a weakening market for electric vehicles. The company now expects its annual adjusted core profit to be between $12.0 billion to $13.0 billion, compared with its prior estimate of $10.0 billion to $12.5 billion. The Detroit automaker said tariffs would hit its bottom line les ...

false Trading Ideas Stock Market Crypto Forex Economic Commodity Video World Dow futures trade in red on Tuesday: 5 things to know before Wall Street opens Written by Devesh KumarDevesh K. Devesh Kumar Sub-Editor Devesh Kumar Sub-Editor Devesh is a sub-editor at Invezz, where he writes and edits news reports. He is dedicated to clear communication, collaborative teamwork, and delivering practical financial insights. read more. Written onOct 21, 2025 Reading time 3 minutes Dow futures slipped around 70 point ...

General Motors anticipates a smaller impact from tariffs and is boosting its full-year adjusted earnings forecast as its third-quarter performance topped Wall Street's expectations. Shares surged more than 9% before the market open on Tuesday. The automaker reduced its expectations for the full-year gross impact from tariffs to a range of $3.5 billion to $4.5 billion. Its previous guidance was $4 billion to $5 billion. GM anticipates its tariff mitigation actions will offset about 35% of the impact due t ...