Core Viewpoint - General Motors is recalling over 43,000 SUVs due to a transmission issue that poses a potential crash risk [1][2]. Group 1: Recall Details - The recall affects specific models from the 2022 year, including 17,178 Chevrolet Tahoes, 7,616 Chevrolet Suburbans, 7,820 GMC Yukons, 5,270 GMC Yukon XLs, 3,609 Cadillac Escalades, and 2,239 Cadillac Escalade ESVs [1]. - All recalled models are equipped with a 10-speed transmission featuring an electronic transmission range select system [1]. Group 2: Technical Issue - A transmission control valve in some vehicles may experience excessive wear over time, leading to a gradual loss of pressure and harsh shifting for drivers [2]. - In rare instances, the rear wheels may lock up, increasing the risk of a crash [2]. Group 3: Remedial Actions - Dealers will install new transmission control module software to monitor valve performance and detect excessive wear [3][5]. - If an issue is detected, the transmission will be limited to fifth gear to prevent wheel lockup [3]. - Notifications to vehicle owners regarding the available remedy will be mailed on March 30 [3]. Group 4: Company Commitment - A GM spokesperson emphasized that customer safety is the highest priority and the company is working to resolve the issue promptly [4].

General Motors Co. (NYSE:GM) has issued a recall of multiple SUVs in its lineup due to a transmission issue that could cause the rear wheels to lock up.43K Vehicles RecalledGM is recalling the 2022 Chevrolet Tahoe and Suburban, the GMC Yukon and Yukon XL, as well as the Cadillac Escalade and Escalade ESV SUVs equipped with the company's 10-speed automatic transmission, the company said in its acknowledgement to NHTSA on Thursday.The recall was issued due to a problem with the transmission control valve, whi ...

Core Insights - Consumer discretionary stocks are seeking recovery after a challenging year, while automotive stocks, particularly General Motors, are showing resilience and growth in the EV market [2][6] - General Motors is gaining traction in the EV sector, with significant sales increases for its Chevrolet Equinox EV, which ranked third in U.S. EV sales [4][6] Group 1: Automotive Market Performance - U.S. auto sales reached 16.17 million vehicles in 2025, indicating a strong market performance [2][6] - General Motors' stock rose by 60% in 2025, reflecting investor confidence and market momentum [6] Group 2: General Motors vs. Tesla - General Motors has a market capitalization of $77.22 billion, significantly lower than Tesla's $1.48 trillion, yet GM has shown respectable stock performance with a 128% increase since 2020 [3] - GM is viewed as a reliable, low-volatility stock with nearly 93% institutional ownership, compared to Tesla's 66% [4] Group 3: Electric Vehicle Sales - The Chevrolet Equinox EV saw its sales double year-over-year to nearly 58,000 units in 2025, showcasing GM's growing presence in the EV market [4][6] - Despite the growth in EV sales, GM's internal combustion engine vehicles still dominate, with over 93,000 GMC Yukons and more than 114,000 Chevy Tahoes sold in 2025 [5]

Core Insights - General Motors (GM) stock experienced an 8% increase in pre-market trading following the release of mixed third-quarter earnings and an improved full-year profit outlook [3][4]. Financial Performance - GM revised its full-year EBIT guidance to a range of $12.0 billion to $13.0 billion, up from the previous estimate of $10 billion to $12.5 billion [2] - Adjusted automotive free cash flow is now projected to be between $10.0 billion and $11.0 billion, an increase from the prior range of $7.5 billion to $10 billion [2] - Adjusted earnings per share (EPS) guidance was raised to $9.75 to $10.50 diluted, compared to the previous range of $8.25 to $10.00 [2] - For Q3, GM reported net revenue of $44.26 billion, slightly below the Bloomberg consensus estimate of $45.18 billion, but adjusted EPS was $2.80, exceeding the expected $2.27 [5] Sales and Market Position - GM's Q3 sales reached 710,347 units, marking an 8% increase year-over-year, and the company achieved its best market share in the U.S. since 2017 [6] - The sales growth was driven primarily by gas-powered vehicles, including popular models like the Chevrolet Silverado and GMC Yukon [6] - GM's use of sales incentives was low, averaging 4% of the average transaction price (ATP), compared to the industry average of 6.9% [5] Tariff Impact and Mitigation - GM's full-year tariff exposure is estimated to be between $3.5 billion and $4.5 billion, assuming current levy rates remain unchanged [3] - The company expects tariff mitigations to offset 35% of the costs due to a lower tariff base [4] - GM's CEO expressed confidence in the company's trajectory and acknowledged the positive impact of recent tariff updates from the administration [4] Electric Vehicle (EV) Sales - GM's EV sales surged to a record 66,501 units in Q3, driven by the impending expiration of the $7,500 federal EV tax credit [7] - However, a slowdown in EV sales is anticipated following the expiration of the tax credit [7]

Core Insights - General Motors (GM) reported mixed third quarter earnings but improved its full-year profit outlook despite challenges from auto tariffs [1][2] Financial Performance - GM's full-year EBIT is now projected to be between $12.0 billion and $13.0 billion, up from a previous estimate of $10 billion to $12.5 billion [2] - Adjusted automotive free cash flow is expected to be between $10.0 billion and $11.0 billion, revised from $7.5 billion to $10 billion [2] - Adjusted diluted EPS is forecasted at $9.75 to $10.50, an increase from the prior range of $8.25 to $10.00 [2] - For Q3, GM reported net revenue of $44.735 billion, slightly below the estimated $45.18 billion, but adjusted EPS was $2.80, exceeding the expected $2.27 [4] Sales and Market Position - Q3 sales reached 710,347 units, an 8% increase year-over-year, making GM the top seller in the US with its best market share since 2017 [5] - The increase in sales was driven by gas-powered vehicles, particularly pickup trucks and full-size SUVs [5] Electric Vehicle (EV) Performance - GM's EV sales surged to a record 66,501 units in Q3, ahead of the expiration of the $7,500 federal EV tax credit [6] - However, a decline in EV sales is anticipated following the tax credit expiration [6] Tariff Exposure and Mitigation - GM's full-year tariff exposure is estimated to be between $3.5 billion and $4.5 billion, with expectations that tariff mitigations will offset 35% of the costs [3][7] - The company plans to invest $4 billion to expand its US manufacturing capabilities to combat tariff effects [8]

Core Insights - General Motors (GM) is set to report its third quarter earnings, facing challenges from President Trump's auto tariffs and a fluctuating electric vehicle (EV) business [1] - GM's Q3 revenue is projected to be $45.16 billion, reflecting a 7% decrease year-over-year, with adjusted EPS expected at $2.27 and adjusted net income at $2.25 billion [1] Sales Performance - GM's Q3 sales reached 710,347 units, marking an 8% increase compared to the previous year, securing the top position in overall US sales and achieving its best market share since 2017 [2] - The growth in sales is primarily driven by gas-powered vehicles, including popular models like the Chevrolet Silverado and GMC Yukon, which are expected to lead the industry by year-end [2] Electric Vehicle (EV) Segment - EV sales surged to a record 66,501 units in Q3, driven by the impending expiration of the $7,500 federal EV tax credit [3] - However, a decline in EV sales is anticipated following the tax credit's expiration [3] Financial Adjustments - GM announced a $1.6 billion charge due to a reassessment of its EV plans, with $1.2 billion attributed to non-cash special charges related to EV capacity adjustments and $400 million in cash linked to contract cancellations and settlements [4] Tariff Impact - GM faces significant tariff cost exposure, with previous guidance indicating a potential $4 billion to $5 billion impact from auto tariffs [5][6] - The company has maintained its full-year EBIT guidance between $10 billion and $12.5 billion, with net income for stockholders projected at $8.25 billion to $10 billion [7] Industry Implications - GM's financial challenges and increased spending are affecting other US manufacturers, including Ford and Tesla, as well as foreign automakers operating in USMCA countries [8] - Tariffs on vehicles and parts from Canada and Mexico have cost automakers over $6 billion this summer, with total costs expected to exceed $10 billion by the end of the month [8]

Core Insights - General Motors (GM) reported strong third quarter sales, matching Ford's performance, with total sales reaching 710,347 units, an 8% increase year-over-year, marking the best market share since 2017 [1][3] Sales Performance - GM's sales were driven by gas-powered vehicles, particularly the Chevrolet Silverado and GMC Yukon, which are expected to lead the industry by year-end [2] - The company set a record for electric vehicle (EV) sales with 66,501 units sold in Q3, more than double Ford's EV sales, bringing year-to-date total EV sales to 144,668, a 105% increase from the previous year [3] Market Position - The Chevrolet Equinox EV was the best-selling non-Tesla EV in the US for Q3, and Cadillac had three of the top ten best-selling luxury EVs year-to-date [3] - GM's use of incentives was lower than the industry average, indicating strong consumer demand for its vehicles [7] Product Portfolio - GM's crossover vehicles also achieved record sales in Q3, with models like the GMC Terrain, Chevrolet Equinox, Chevrolet Traverse, and Buick Envista performing exceptionally well [5] - The company is reportedly working to preserve the federal EV tax credit for leased vehicles, similar to Ford's strategy [4] Future Outlook - GM plans to provide more details on tariffs, product portfolio, and financial outlook in its full Q3 results report scheduled for October 21 [8]

Group 1 - General Motors (GM) is halting the export of certain U.S. vehicles to China, specifically through its Durant Guild platform [1][2] - The Durant Guild was established in 2022 to offer premium U.S. vehicles in China, but represents less than 0.1% of GM's sales volume in the country [2] - The decision to restructure the Durant Guild is attributed to significant changes in economic conditions and the high tariffs on U.S. imports to China, which were over 100% before a recent agreement to lower them for 90 days [2][3] Group 2 - GM's commitment to the Chinese market remains strong, with over 443,000 vehicle deliveries in the first quarter and more than 1.8 million deliveries in the previous year [5] - In the first quarter, GM delivered over 1.4 million vehicles globally, including 693,000 in the U.S., generating $44 billion in total revenue and a net income of $2.8 billion [7][8]