Core Insights - General Motors reported third-quarter 2025 revenue of $48.6 billion, with a net income attributable to stockholders of $1.3 billion and EBIT-adjusted of $3.4 billion [1][3] - The company updated its full-year 2025 earnings guidance, lowering the net income range from $7.7 billion - $9.5 billion to $7.7 billion - $8.3 billion [1][5] Financial Performance - Revenue for Q3 2025 was $48.6 billion, a slight decrease of 0.3% from $48.8 billion in Q3 2024 [3] - Net income attributable to stockholders fell significantly by 56.6% to $1.3 billion from $3.1 billion in the same quarter last year [3] - EBIT-adjusted decreased by 18.0% to $3.4 billion compared to $4.1 billion in Q3 2024 [3] - Automotive operating cash flow was reported at $6.1 billion, down 22.8% from $7.9 billion year-over-year [3] - Adjusted automotive free cash flow also declined by 28.0% to $4.2 billion from $5.8 billion in Q3 2024 [3] Updated Guidance - The updated guidance for net income attributable to stockholders is now set at $7.7 billion - $8.3 billion, down from the previous range of $7.7 billion - $9.5 billion [1][5] - EBIT-adjusted guidance was revised to $12.0 billion - $13.0 billion from the previous $10.0 billion - $12.5 billion [1][5] - Automotive operating cash flow guidance increased to $19.2 billion - $21.2 billion from $17.0 billion - $20.5 billion [1][5] - Adjusted automotive free cash flow guidance was raised to $10.0 billion - $11.0 billion from $7.5 billion - $10.0 billion [1][5] - Diluted EPS guidance is now $8.30 - $9.05, compared to the previous $8.22 - $9.97 [1][5] Earnings Per Share - Diluted EPS for Q3 2025 was $1.35, a decrease of 49.6% from $2.68 in Q3 2024 [3] - Adjusted diluted EPS was $2.80, down 5.4% from $2.96 in the same quarter last year [3] - The updated guidance for diluted EPS is $8.30 - $9.05, compared to the previous range of $8.22 - $9.97 [1][7]

Core Viewpoint - General Motors (GM) has launched an offering of senior unsecured fixed rate notes to refinance existing debt and fund a loan to its joint venture, Ultium Cells LLC, aimed at facilitating the prepayment of loans received under the U.S. Department of Energy's program [1][2] Group 1: Financial Details - GM intends to use the net proceeds from the sale of the notes for general corporate purposes, including refinancing a portion of the $1.25 billion outstanding of its 6.125% senior notes maturing on October 1, 2025 [1] - The company has agreed to provide a $1.8 billion five-year term loan to Ultium Cells LLC [1] Group 2: Regulatory and Offering Information - GM has filed a registration statement with the Securities and Exchange Commission (SEC) for this offering, which includes a prospectus and preliminary prospectus supplement [2] - The documents related to the offering are publicly available for free on the SEC's EDGAR website [3] Group 3: Company Overview - GM is focused on advancing transportation technology to create safer, smarter, and lower-emission vehicles, including a wide range of electric vehicles (EVs) [4]