（文章来源：第一财经） 通用汽车盘前涨超5%，第四季度营收452.9亿美元，上年同期477.02亿美元，预计2026年调整后每股收 益为11美元至13美元。公司批准新的60亿美元股票回购授权。 ...

格隆汇1月27日｜通用汽车(GM.US)盘前拉升转涨，目前涨幅扩大至6.3%，公司四季度核心利润高于预 期。 ...

格隆汇1月27日｜通用汽车(GM.US)盘前跌1.1%。消息面上，通用汽车四季度营收452.9亿美元，低于市 场预期的454.13亿美元。 ...

通用汽车(GM.N)四季度营收452.9亿美元，上年同期477.02亿美元，市场预期454.13亿美元。 本文源自：金融界AI电报 ...

Core Insights - The automaker achieved adjusted operating income that met Wall Street expectations, indicating stable financial performance despite market challenges [1] Summary by Categories Financial Performance - The company reported adjusted operating income in line with Wall Street expectations, suggesting effective cost management and operational efficiency [1]

格隆汇1月27日｜通用汽车批准新的60亿美元股票回购授权；公司预计2026年调整后每股收益为11美元 至13美元，市场预期为11.79美元。 ...

本文源自：金融界AI电报 通用汽车公司预计2026年调整后每股收益为11美元至13美元，市场预期为11.79美元。 ...

charge—320—320Net income - adjusted$460$535$2,802$2,181ExpandThree Months Ended December 31,Years Ended December 31,Originations2025202420252024Retail finance receivables originations$8,404$10,637$36,314$36,960Lease originations4,2294,94319,56719,089Total originations$12,633$15,580$55,881$56,049ExpandThree Months Ended December 31,Years Ended December 31,Average Earning Assets2025202420252024Average retail finance receivables$75,610$75,318$76,717$73,917Average commercial finance receivables17,33419,60917,20 ...

Core Insights - General Motors (GM) reported strong fourth quarter earnings, exceeding estimates, and announced a dividend increase and a $6 billion stock buyback plan [1][2] - The company anticipates a resilient U.S. new vehicle market and expects EBIT-adjusted margins in North America to return to the 8-10% range in 2026 [2] Financial Performance - Q4 revenue was $45.29 billion, slightly below the estimated $45.37 billion, representing a 5.1% decrease year-over-year [1] - Adjusted EPS for Q4 was $2.51, surpassing the expected $2.28, with adjusted EBIT of $2.843 billion compared to the estimated $2.77 billion [1] Future Projections - For 2025, GM's adjusted EBIT is projected to be in the range of $12.7 billion, with adjusted automotive free cash flow of $10.6 billion and adjusted EPS of $10.60 [6] - For 2026, GM expects adjusted EBIT margins in North America to be back in the 8-10% range [2] Tariff and Cost Impacts - GM's full-year tariff exposure for the previous year was $3.1 billion, lower than the initial projection of $3.5 billion to $4.5 billion [4] - The company anticipates additional tariff costs of $3.0 to $4.0 billion, along with commodity and foreign exchange headwinds of $1.0 to $1.5 billion [4] Electric Vehicle (EV) Business - GM expects improvements in EV unit losses by $1.0 to $1.5 billion and anticipates regulatory benefits of $550 to $750 million from not purchasing emissions credits [7] - The company recently took a $6 billion charge to its EV business due to lower-than-expected demand and the loss of the federal EV tax credit [7]

Core Insights - General Motors reported a higher fourth-quarter core profit, driven by stronger sales of affordable crossover SUVs and pickup trucks throughout the year [1] Company Performance - The increase in core profit is attributed to the robust demand for General Motors' affordable crossover SUVs and pickup trucks [1]