General Motors - Febspot

General Motors

A collection of 6 posts

G.M. forecasts large 2026 profit rise and plans up to $6 billion buyback — Static01.nyt.com

G.M. forecasts large 2026 profit rise and plans up to $6 billion buyback

General Motors said it expects a substantial rise in profits in 2026 and will buy back up to $6 billion of its stock, news that sent its shares up more than 4 percent in premarket trading. The company reported $2.7 billion in net income for 2025, down from $6

Canada will cut tariffs on a limited number of Chinese cars, worrying U.S. automakers — Static01.nyt.com

Canada will cut tariffs on a limited number of Chinese cars, worrying U.S. automakers

Canada has agreed to let a limited number of Chinese-made cars into its market at a lower tariff, a move announced on Jan. 16 in Beijing by Prime Minister Mark Carney. The plan would cut the tariff to 6.1 percent for up to 49,000 Chinese-made vehicles a year,

Chevrolet relaunches Bolt with new battery and 262-mile EPA range — Cdn.arstechnica.net

Chevrolet relaunches Bolt with new battery and 262-mile EPA range

Chevrolet has returned the Bolt to dealerships with a redesigned battery pack and an EPA-rated range of 262 miles, the company says. The car is being offered in LT and RS trims. Reengineering the Bolt required new cells, modules, and electronics that had to fit the original package and mounting

GM records $6 billion write-down as US EV plans shift — Cdn.arstechnica.net

GM records $6 billion write-down as US EV plans shift

General Motors recorded a $6 billion write-down as it changed its domestic electric-vehicle plans, the article said. Despite those costs, 2025 was not a terrible year for the company: it grew US sales by 6 percent, and in China more than half of the 1.9 million vehicles it sold

General Motors to record $7.1 billion loss as it scales back electric vehicle plans — Static01.nyt.com

General Motors to record $7.1 billion loss as it scales back electric vehicle plans

General Motors said it will record a $7.1 billion loss for the last quarter of 2025, primarily to reflect the diminished value of its battery factories and electric-vehicle assembly lines after federal policy changes reduced demand for EVs. The company said the charge also includes compensation it will pay

Affluent buyers keep U.S. new car sales modestly higher in 2025 — Static01.nyt.com

Affluent buyers keep U.S. new car sales modestly higher in 2025

New car sales in the United States are expected to have risen modestly in 2025 to about 16.3 million, buoyed largely by purchases from affluent Americans, analysts said. According to Cox Automotive, households with annual incomes of $150,000 or more now buy 43 percent of new cars, up