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Trump's South Korea tariff cuts are major boost for Hyundai and GM
CNBC· 2025-12-03 21:23
American flags flutter outside a Hyundai automobile dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | ReutersDETROIT — Hyundai Motor and General Motors are set to be two of the greatest beneficiaries of lower U.S. tariffs on imports, including vehicles, from South Korea.The South Korean-based automaker is the largest U.S. importer of new vehicles from the country, followed by GM. Both automakers have paid billions of dollars in levies so far this year after President Donald Trump placed 2 ...
GM has hired a former Tesla exec in its revived self-driving push
Business Insider· 2025-12-03 20:25
GM is turning to former employees from its failed robotaxi startup Cruise as it embarks on a new self-driving vehicle push. The Detroit auto giant has hired Ronalee Mann, a former Cruise and Tesla executive, to report to Sterling Anderson, GM's chief product officer, Business Insider has learned.Mann, who previously worked as a strategy and operations manager at Cruise, recently joined GM as head of product operations, according to an internal Slack message seen by Business Insider. Mann left Cruise in A ...
Mizuho Highlights GM’s Strong Q3 Performance and Favorable Market Shifts
Yahoo Finance· 2025-12-03 19:47
General Motors Company (NYSE:GM) is included among the 15 Dividend Stocks that Outperform the S&P 500. Mizuho Highlights GM’s Strong Q3 Performance and Favorable Market Shifts Image by Alexsander-777 from Pixabay Mizuho raised i​ts pr⁠ice target on General Motors Company (NYSE:GM) to $78 f‌rom $67 on November 19 while‌ reiterat⁠ing​ an Outperform rating. T​he move f‍oll​owed what the analyst described a⁠s strong third-quarter resu‍lts and an improved 2026 outlook tied to lower tarif⁠f expectations and t ...
General Motors Company (GM) Presents at UBS Global Industrials and Transportation Conference Transcript
Seeking Alpha· 2025-12-03 19:13
Question-and-Answer SessionJoseph SpakUBS Investment Bank, Research Division There's a ton we could talk about here, so -- but I want to sort of try to keep it somewhat focused. So let's talk about the -- I want to talk about the here and now, and then let's transition to sort of where we go over the midterm and then where we go maybe a little bit longer term. But we got sales updates yesterday. Things look good. It seems to us like things are tracking in line with sort of what we expected and probably what ...
GM or FSS: Which Is the Better Value Stock Right Now?
ZACKS· 2025-12-03 17:41
Investors interested in stocks from the Automotive - Domestic sector have probably already heard of General Motors (GM) and Federal Signal (FSS) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with po ...
General Motors Company (NYSE:GM) Conference Transcript
2025-12-03 16:32
General Motors Company (NYSE: GM) Conference Summary Company Overview - **Company**: General Motors Company (GM) - **Date of Conference**: December 03, 2025 - **Speaker**: Paul Jacobson, CFO Key Points Industry and Market Context - The automotive industry is experiencing a stable demand environment, particularly for internal combustion engine (ICE) vehicles, despite some supply shortages affecting specific models like the Chevy Trax [6][7] - The company is optimistic about 2026, expecting it to be better than 2025, driven by cost control initiatives and improved inventory management [7][8] Financial Performance and Guidance - GM is on track with its sales expectations for the year, with a positive outlook for the fourth quarter [3][4] - The company anticipates a potential upside of approximately $1 billion in 2026 due to tariff adjustments, although the actual benefit may be lower than initially expected [10][12] - The CFO indicated that warranty improvements could yield a year-over-year benefit in the billion-dollar range for 2026, driven by reduced incidents and costs per repair [18][20] Electric Vehicle (EV) Strategy - GM acknowledges the current volatility in the EV market but maintains that EVs remain a strategic focus, referred to as the "North Star" [24][25] - The company is restructuring its EV business to align with market realities and regulatory changes, focusing on cost reductions rather than expanding the EV portfolio [52][53] - GM is investing in technology to lower EV production costs, which is crucial for future profitability as consumer adoption of EVs is expected to increase over time [53][54] Supply Chain Management - GM is actively working on diversifying its supply chain to reduce reliance on specific regions, particularly China, to enhance overall stability [70][71] - The company has faced increased costs due to sourcing chips from various suppliers to maintain production levels, but it has managed to mitigate production challenges better than some competitors [72][73] Capital Allocation and Shareholder Returns - GM's capital allocation strategy includes a budget of $10-$12 billion for the next few years, focusing on investments that can be effectively deployed without overextending resources [76][77] - The company plans to continue buying back shares as it believes its stock is undervalued, while also maintaining a strong balance sheet [75][78] Future Outlook - GM is preparing for a refresh of its full-size truck platform, which is expected to enhance market share and performance [64] - The company is optimistic about the consumer market's resilience and expects to close the year in line with its expectations, with a positive outlook for 2026 [68][69] Technology and Software Initiatives - GM is increasing its focus on software and technology, with over $5 billion in deferred revenue expected to contribute significantly to future earnings [87][88] - The company aims to derive more revenue from its existing vehicle fleet through software services, which could lead to substantial margin expansion [89] Additional Insights - The CFO emphasized the importance of managing warranty costs and improving vehicle quality to enhance profitability [20][22] - GM is navigating a complex regulatory environment, which has shifted its investment strategy towards more sustainable and profitable vehicle offerings [51][52] This summary encapsulates the key insights and strategic directions discussed during the conference, highlighting GM's focus on stability, cost management, and future growth in the evolving automotive landscape.
Trump administration to announce new fuel economy standards Wednesday, sources say
CNBC· 2025-12-03 12:52
Traffic on Interstate 80 in San Pablo, California, US, on Wednesday, Nov. 26, 2025.The White House will announce new fuel economy standards on Wednesday, according to administration sources. The White House will propose a major rollback of the standards implemented by former President Joe Biden last year, sources told Reuters. Executives from Ford, General Motors and Stellantis are expected to attend the event at the White House. The Biden administration standards required passenger cars and light trucks to ...
跨国车企三季报座次大洗牌
Core Insights - The global automotive industry is facing significant challenges due to tariff impacts, transformation pains, and market differentiation, leading to a reshuffling of performance rankings among major multinational car manufacturers [1] Toyota - Net profit reached $6 billion, a year-on-year increase of 62% [2][6] - Operating profit decreased by 18.6% to 2 trillion yen due to a 25% tariff on U.S. imports, with a significant cost increase of 900 billion yen [2][3] - Retail sales in China for Toyota and Lexus brands grew by 1.8% to 464,000 units [3] Ford - Net profit was $2.4 billion, a year-on-year increase of 174% [5][6] - Revenue for the third quarter reached $50.5 billion, a historical high, with a 9.3% year-on-year growth [7] - Ford's adjusted EBIT for the year is now expected to be between $6 billion and $6.5 billion, down from previous estimates [7][8] BMW - Net profit was $2 billion, a year-on-year increase of 257% [9][6] - Revenue for the third quarter was €32.314 billion, a slight decrease of 0.3% [9] - The company faced a 1.8 percentage point reduction in profit margins due to tariffs [10] Hyundai - Net profit was $1.7 billion, a year-on-year decrease of 20.5% [12][6] - Revenue reached 46.7 trillion won, an 8.8% year-on-year increase [13] - The company plans to launch a new hybrid SUV in the U.S. and increase production capacity [14] Mercedes-Benz - Net profit was $1.4 billion, a year-on-year decrease of 31% [16][6] - Revenue fell by 7% to €32.147 billion [17] - The company is implementing a restructuring plan aimed at saving €5 billion by 2027 [17] General Motors - Net profit was $1.3 billion, a year-on-year decrease of 57% [19][6] - Revenue for the third quarter was $48.59 billion, a slight decline of 0.34% [19] - The company has raised its full-year earnings forecast based on strong performance in both the U.S. and Chinese markets [19] Honda - Net profit was $780 million, a year-on-year increase of 16.5% [20][6] - Operating profit dropped by 41% to 438.1 billion yen [21] - The company has revised its profit expectations downward for the fiscal year [21] Nissan - Net loss was $700 million, a year-on-year decrease of 1042% [22][6] - Revenue for the first half of the fiscal year was 55.787 trillion yen, a 6.8% decline [23] - The company is undergoing a restructuring plan to cut costs and improve profitability [23][24] Volkswagen Group - Net loss was $1.2 billion, a year-on-year decrease of 169% [25][6] - Revenue for the third quarter was €80.3 billion, a 2.3% increase [25] - The group is facing significant challenges due to tariffs and restructuring costs [27] Stellantis - Net revenue for the third quarter was €37.2 billion, a year-on-year increase of 13% [28] - The company plans to invest $13 billion in the U.S. over the next four years [28] - Stellantis is gradually recovering under new leadership, focusing resources on the North American market [29]
General Purpose Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering
Accessnewswire· 2025-12-02 23:05
MILLBROOK, NY / ACCESS Newswire / December 2, 2025 / General Purpose Acquisition Corp. (the "Company") announced today that it priced its initial public offering of 20,000,000 units at a price of $10.00 per unit. Each unit consists of one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemable warrant, each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. ...
GM and 4 Stocks With Relative Price Strength to Buy Now
ZACKS· 2025-12-02 18:10
Key Takeaways GM is highlighted among five stocks outperforming the market across 12-, 4- and 1-week periods.AEM, GLDD, BTSG and ECG also show rising earnings estimates supporting their recent strength.All five names meet screens for positive revisions, solid VGM Scores and adequate liquidity.U.S. stocks continue to show impressive strength, with major indexes climbing steadily and sentiment improving on solid economic data and ongoing hopes for another policy cut. Investors appear encouraged by easing infl ...