General Motors (GM) Jumps 19% on Minimal Dent from Tariffs

Core Insights - General Motors Company (NYSE:GM) is recognized as one of Wall Street's top-performing stocks, with a week-on-week surge of 19.32% due to minimal impact from import tariffs and an improved growth outlook for the year [1] Financial Performance - Total net sales and revenues for General Motors remained flat at $48 billion compared to the same quarter last year, indicating adaptation to President Trump's tariffs [2] - The company raised its earnings before interest and taxes guidance for Q4 to between $12 billion and $13 billion, up from a previous range of $10 billion to $12.5 billion [3] - Net income attributable to shareholders is projected to narrow to between $7.7 billion and $8.3 billion, down from an earlier estimate of $7.7 billion to $9.5 billion [3] - Attributable net profit for the last quarter fell by 56.6% to $1.327 billion from $3.056 billion in the same period last year [3] Strategic Investments - General Motors is investing heavily in domestic manufacturing to mitigate tariff risks, planning to spend $4 billion over the next two years on production facilities in Tennessee, Kansas, and Michigan [4] - The company aims to produce over two million vehicles per year in the United States once these investments are operational [5] - An additional investment of nearly $1 billion is allocated for the development of advanced, fuel-efficient V8 engines in New York [5]