GM beat expectations, raised full-year EBIT guidance, cut estimated tariff impact, and booked a $1.6B EV charge; Ford must match results and fix quality problems.
General Motors shares surge 8% as tariff outlook improves
General Motors raised its annual adjusted core profit outlook to $12.0–$13.0 billion and lowered expected tariff impact to $3.5–$4.5 billion while facing weaker EV demand.