General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide. It operates through GM North America, GM International, and GM Financial segments, marketing vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brands. Vehicles and parts are sold through retail dealers, distributors, and to fleet customers such as daily rental car companies, commercial fleets, leasing companies, and governments. The company also offers after-sales services through its dealer network, including maintenance, light and collision repairs, vehicle accessories, and extended service warranties, as well as automotive financing and software-enabled services and subscriptions. Founded in 1908, General Motors Company is based in Detroit, Michigan.
GM Reinstates Apple CarPlay and Android Auto After Customer Backlash
General Motors will reinstall Apple's CarPlay and Android Auto in its vehicles after initially planning to remove the software from new cars. The reversal came as part of this week's announcement of a new high-resolution dual-screen infotainment system, in which GM quietly noted that CarPlay and Android Auto projection would now be supported. GM had been slowly phasing the software out, reportedly to capture data and subscription revenue, but customers rebelled, and dealers had warned that buyers would walk away without CarPlay. Pras Subramanian, Yahoo Finance's senior autos reporter, cited a statistic that 79% of new car buyers would only consider a vehicle that offered CarPlay, while 98% of cars have CarPlay. Ford CEO Jim Farley has said that 70% of Ford customers are Apple customers, underscoring why automakers are reluctant to drop the feature.
Eisman Calls Tesla's 220x Multiple Crazy, Counts Himself a Robotaxi Skeptic
Steve Eisman, the Neuberger Berman senior portfolio manager made famous by The Big Short, said on his weekly wrap podcast that Tesla's valuation only makes sense if investors believe its robotaxi business will conquer the world, adding, "just count me a skeptic." Eisman noted Tesla's 2026 consensus EPS of $1.66 puts its 2026 P/E at 220 times, versus 6.5 times for General Motors, and that the estimate sits 59% below Tesla's 2022 peak EPS of $4.07. Tesla's Q2 2026 8-K, filed July 22, 2026, showed revenue of $28.24 billion, up 25.5% year over year, but non-GAAP EPS of $0.33 that missed the $0.54 estimate by 38.5%, operating income down 56.9% to $398 million, and free cash flow of negative $1.09 billion. On the bull side, Tesla has expanded Robotaxi service to seven U.S. metros with unsupervised rides in Austin, Dallas, Houston, Miami, Orlando, and Tampa, reached 1.48 million active FSD subscriptions, up 56% year over year, and plans 2026 CapEx above $25 billion. GM, meanwhile, posted Q2 2026 adjusted EPS of $3.57, beating the $3.18 estimate by 12.1% for a fifth consecutive beat, and raised full-year guidance to EBIT-adjusted of $14.0B to $16.0B and adjusted EPS of $12.00 to $14.00.
GM Begins Supplying Patriot Missile Components to Lockheed Martin
General Motors has started supplying missile-housing components for Lockheed Martin's Patriot PAC-3 MSE interceptors, delivering its first batch in August. Lockheed said GM completed work that typically takes months in three weeks. CEO Mary Barra told analysts this summer she expects $700 million of defense revenue this year at double-digit margins. The opportunity comes as Lockheed Martin faces a significant production ramp, with the Pentagon ordering it to more than triple Patriot output to over 2,000 missiles a year by the end of 2030 while constrained suppliers make scaling difficult. The most advanced Patriot costs over $4 million and takes more than two years to reach the customer, with many key parts largely handmade and sourced from single suppliers such as Boeing, which makes the seeker.
GM Warns of Softer Q4 on Truck Transition, Flat 2027 for EVs
General Motors is warning investors to expect a softer fourth quarter as the changeover to its next-generation pickups temporarily cuts truck deliveries by roughly 35,000 units, while management also sees 2027 as a difficult year for electric vehicles. CFO Paul Jacobson said at Morgan Stanley's Laguna Conference that the truck shortfall is about the right way to think about the fourth quarter, which is typically seasonally weaker than the second and third quarters. The near-term weakness looks largely operational, but the bigger investor issue is whether GM can protect truck profits while making its EV business sustainably profitable. Pickups and SUVs remain critical profit engines for GM's North American business, which in the second quarter generated $48 billion of revenue and $3.9 billion of adjusted EBIT at an 8.6% adjusted EBIT margin, and GM raised its full-year 2026 guidance for the second time this year. Jacobson said 2027 is going to be a bit of a flat spot for EVs as profitability remains under pressure, hit first by tariffs and second by the loss of EV credits in the variable profit equation, though GM still believes EVs are a long-term opportunity. GM's next major checkpoint comes October 20, when it reports third-quarter results, with investors watching updated 2026 guidance, North American margins, truck inventories and progress reducing EV losses.
Tesla Reclaims 52% US EV Market Share as Rivals Retreat
Tesla has reclaimed a 52% share of the US electric vehicle market even as overall industry sales fell 30% through August, according to The Wall Street Journal, while Tesla's own sales were off 16%. The recovery follows a brutal stretch in which Tesla stock fell from $436 a share at the start of 2025 to $240 by late April, wiping out more than $500 billion in market capitalization, and S&P Global Mobility Research found brand loyalty had plunged. GM, Ford, and rivals based in South Korea and Europe have largely abandoned their US EV ambitions and retooled factories for other products, leaving Tesla with virtually no serious domestic competition. Tesla now relies on just two models, the Model Y and Model 3, after discontinuing the Model S and Model X, and no major overhaul appears planned in the near term. Its Full Self-Driving Supervised software is widely regarded as the industry's best, and a large base of subscribers paying $99 a month positions Tesla to capitalize quickly if regulators approve real self-driving.
GM Targets Domestic Battery Supply Chain Within Three Years
General Motors is developing a domestic battery supply chain it expects to complete within two to three years, even as it currently relies on some Chinese-sourced materials for existing battery production. Kurt Kelty, GM's vice president of battery and sustainability, told CNBC the company's near-term goal is full domestic sourcing, centered on sodium-ion battery cells GM is developing with Denver-based startup Peak Energy for stationary energy storage in homes, businesses, and data centers. GM expects commercial production of those cells around 2029, and a GM spokesperson confirmed the same domestic sourcing priority would apply to battery cells for future electric vehicles. Sodium-ion cells are built around sodium from soda ash, which the U.S. holds in abundance, sidestepping the lithium and ferrous sulfate supply chains China currently controls, and Kelty said they handle a broader span of temperatures, removing the need for active thermal management. GM has committed $900 million to new battery research facilities at its suburban Detroit campus, including a cell prototyping building exceeding 500,000 square feet scheduled to open before the end of the year. The comments came as Ford faced criticism from the Trump administration over its battery sourcing, with Transportation Secretary Sean Duffy saying last week he had "profound concern" over Ford's licensing of technology from Chinese battery manufacturer CATL for its Marshall, Michigan plant, while Ford CEO Jim Farley called the charges "basic misunderstandings, mistruths" and the White House posted that Ford is "a GREAT American company."
GM and Ford Expand Century-Old Rivalry Into Defense and Energy Storage
General Motors and Ford are taking their century-old rivalry into defense contracting and energy storage, CNBC reported on September 5. Ford joined GM this year in seeking U.S. military contracts after the Trump administration approached domestic automakers about using their mass manufacturing expertise, but GM is years ahead, already building a backlog around a U.S. Army contract for Infantry Squad Vehicles that could exceed $1 billion depending on congressional appropriations, and GM expects its 2026 defense revenue to grow to almost $700 million while targeting positive earnings in the segment this year. Both companies are also entering the energy storage system market, betting on rising electricity costs and data center power demand, with the global Energy Storage System market projected to grow from $668.7 billion in 2024 to $5.12 trillion by 2034. Ford Energy sits within its Model e electric vehicle segment, which is guided to a $4 billion loss in 2026 before targeting breakeven by 2029, and CEO Jim Farley told investors in July that Ford is in the third inning of selling out 20 gigawatt-hours of energy storage production capacity, backed by a five-year framework agreement with EDF Power Solutions North America.
Trump Open to Chinese Automakers Building Cars in the U.S.
President Donald Trump said he would be open to Chinese automakers building vehicles in the United States with American workers, while pledging to maintain restrictions that have effectively shut Chinese-made cars out of the U.S. market. In a Fox News interview, Trump rejected reports that he could allow vehicles built in China to be imported, saying the domestic market could be "overrun" if existing restrictions were lifted, and drew a distinction between imports and Chinese companies manufacturing inside the U.S., comparing such investment with production by Japanese automakers. "If China wanted to come in, and open a plant to build their cars here, I'd be okay with it," Trump said, adding that Chinese manufacturers would need to hire American workers. The comments come ahead of a planned summit with Chinese President Xi Jinping in Washington, and follow similar remarks in January; Ford Chief Executive Jim Farley and Trump administration officials also held preliminary discussions earlier this year about a possible framework under which Chinese companies could manufacture cars in the U.S. with protections for domestic automakers, though no decisions were reached. The prospect remains politically contentious, with Senators Elissa Slotkin and Bernie Moreno introducing legislation backed by Ford, General Motors and the United Auto Workers that would restrict connected vehicles, software and hardware linked to China and other countries considered U.S. adversaries, and prohibit sales of connected vehicles from automakers more than 15% owned by Chinese entities.
Ford Faces US Scrutiny Over CATL and Geely China Ties
Ford Motor Company is facing scrutiny from U.S. Transportation Secretary Sean Duffy over its business relationships with Chinese companies, including battery supplier CATL and automaker Geely Automobile Holdings Limited. Ford's partnership with CATL centers on battery technology and supply, under a 2022 global strategic cooperation in which CATL would supply lithium-iron-phosphate battery packs for vehicles such as the Mustang Mach-E and F-150 Lightning, with Ford structuring its Michigan LFP battery project around licensing CATL's technology rather than having CATL own or operate the facility. Ford's relationship with Geely is broader, and in July 2026 the companies announced plans to establish a joint venture at Ford's Valencia plant in Spain to produce Ford- and Geely-branded multi-energy passenger vehicles for the European market. The two companies also have historical links, as Ford sold Volvo Cars to Geely in 2010. Separately, Tesla faces a National Highway Traffic Safety Administration investigation into the certification of nearly 1,000 Cybercabs, and General Motors faces an expanded U.S. safety investigation into engine failures affecting nearly one million pickup trucks and SUVs.
Mexico's automotive industry reported mixed results for August, with light-vehicle production declining 1.4% year over year to 344,940 units while exports increased 1.3% to 300,475 vehicles, according to INEGI data. The U.S. remains the dominant market, absorbing 76.3% of Mexico's vehicle exports in the first eight months of 2026, totaling 1.72 million units. General Motors led both production and exports in August, manufacturing 79,230 vehicles and shipping 74,842 units, while Nissan's production plunged 26% and Ford's exports tumbled 41.3%. Year-to-date production is nearly flat at 2.65 million vehicles, down 0.7%, with GM leading output at 600,912 units and Nissan experiencing a 25.1% decline. The data underscores the automotive sector's heavy reliance on U.S. demand and its sensitivity to trade policy changes.
Canada's Retaliatory Tariffs on U.S. Goods Take Effect
Canada's retaliatory tariffs on U.S. goods took effect at 12:01 a.m. on September 8, imposing duties of 15%, 25%, and 50% on about C$27.6 billion ($20 billion) of U.S. imports, including steel, aluminum, dairy, appliances, agricultural equipment, pulp and paper, plastics, and electronics. The measures escalate an 18-month trade dispute following the collapse of negotiations between Ottawa and Washington, and come after the U.S. imposed new 50% duties on Canadian exports in August. U.S. companies to watch include Nucor, Steel Dynamics, Cleveland-Cliffs, Alcoa, Deere, Caterpillar, Whirlpool, Kraft Heinz, General Mills, Eaton, Emerson Electric, Honeywell, International Paper, Dow, LyondellBasell, General Motors, and Ford, among others. Bombardier faces added uncertainty after President Donald Trump threatened to block its aircraft from the U.S. market unless it manufactures in the U.S. The dispute could weigh on Canadian growth, exports, and business investment, with Canadian exports to the U.S. already falling 6.6% in July.
GM and Ford Pivot EV Battery Capacity to Energy Storage
GM and Ford are turning their underutilized electric vehicle battery capacity into a new energy storage business to meet soaring demand from data centers and the electric grid. Ford, which took a $19.5 billion write-down on its EV expansion, launched a battery energy storage systems (BESS) business at the end of 2025, repurposing manufacturing capacity in Glendale, Kentucky, and planning to invest roughly $2 billion over the next two years. Ford Energy, a wholly-owned subsidiary, aims to deploy at least 20 GWh of battery storage annually by late 2027 and has a five-year framework agreement with EDF power solutions North America for up to 4 GWh per year. GM, which recorded cumulative charges of $10.9 billion, has also launched an energy storage business and is partnering with Peak Energy on sodium-ion chemistry for grid-scale storage. The U.S. installed a record 20.2 GWh of energy storage in the second quarter of 2026, with utility-scale capacity growing at an annual average rate of 70% over the past three years.
US Automakers Urge Congress to Permanently Ban Chinese Cars
The Alliance for Automotive Innovation, the largest trade association in the U.S. automotive industry, has submitted a letter to members of Congress urging a permanent ban on the import of connected cars, as well as related software and hardware from China, citing risks to economic and national security interests. John Bozzella, the alliance's CEO, stated in the letter that Chinese automakers are flooding the market with government-subsidized vehicles equipped with internet-connected software and hardware worldwide, and requested expedited legislation to ban imports before the end of this year's session. The request reflects growing concerns about threats from Chinese automakers such as BYD and Geely. The organization represents U.S. automakers, including General Motors, as well as major foreign automakers like Toyota and Volkswagen. This move comes amid cheap Chinese electric vehicles capturing global market share and beginning to penetrate Canadian and Mexican markets, raising concerns among U.S. automakers that Chinese cars may soon enter the American market.
Ford Recalls 148,663 Mustangs Over Electrical Wiring Issue
Ford Motor Company is recalling 148,663 Mustang vehicles due to an electrical wiring issue that could cause a loss of drive power or disrupt key functions such as headlights, increasing the risk of a crash. The recall covers 2024-2026 Ford Mustang models manufactured between September 7, 2022, and June 9, 2026, with NHTSA estimating that about 1% of the affected vehicles may have the defect. Ford will notify owners by mail between August 31 and September 4, 2026, and a remedy is expected around March 2027, with dealerships replacing the engine compartment wiring harness ground terminals at no cost. In related news, Tesla faces heightened regulatory scrutiny in China after regulators ordered the recall of about 2.98 million vehicles last month over concerns that emergency door-release systems could fail during a crash or power loss, affecting its Model 3, Model Y, Model S, and Model X vehicles. Additionally, General Motors is facing an expanded U.S. safety investigation into engine failures affecting nearly 1 million pickup trucks and SUVs, following a previous recall of nearly 600,000 vehicles for L87 engine problems.
GM Canada Union Agrees to Boost Large Pickup Production
The union representing workers at General Motors' Canadian subsidiary has approved a labor agreement investing C$144 million to increase production capacity for the GMC Sierra heavy-duty pickup truck at the Oshawa plant in Ontario. The agreement, announced by Canada's auto workers union Unifor, also includes a commitment not to immediately sell or close the Ingersoll assembly plant. With U.S. President Trump imposing a 25% import tariff on Canadian-made vehicles and pledging to raise it to 50% by 2027, GM has committed to invest over C$1 billion in its Canadian plants. This includes C$691 million for the production of a new V8 engine in Ontario, and GM Canada has offered workers a 3% annual wage increase over three years. GM Canada President Jack Uppal praised the significant improvements in wages, benefits, and job security, stating they will help maintain high-paying jobs. Last week's U.S.-Canada trade talks broke down over tariff reductions, and Barclays research shows that Canada accounts for about 17% of production of GM's best-selling model, the Chevrolet Silverado.
Unifor members ratify GM contracts securing investments
Unifor members at General Motors have voted overwhelmingly to ratify contracts that secure new products and investment, delivering wage and benefit improvements in the union's pattern agreement. The agreements commit more than one billion dollars in vital investments to Canadian GM facilities, including a new single source next-generation transmission at the St. Catharines Propulsion Plant and the return of next-generation Heavy-Duty GMC Sierra production to Oshawa. The three-year collective agreement mirrors the 3% annual wage increases in the Detroit Three pattern agreement, raising wages for full-rate production members to $50.20/hour and Skilled Trades workers to $62.71/hour. The contracts cover more than 4,600 Unifor members at GM Ontario facilities in Oshawa, St. Catharines, Woodstock, and Ingersoll, with 80.5% approval for the GMCC agreement and 96.5% for the CAMI agreement. Highlights include C$144 million for the Heavy-Duty GMC Sierra at Oshawa, C$215 million for the St. Catharines transmission, and a commitment to seek opportunities for the CAMI facility, extending income maintenance for laid-off members until May 2028.
GM Faces Safety Probe Over Engine Failures in Nearly 1 Million Vehicles
The National Highway Traffic Safety Administration has opened an engineering analysis covering 997,743 General Motors pickups and SUVs equipped with the L87 V-8 engine, spanning model years 2021 through 2026 and including the Cadillac Escalade, Chevrolet Silverado 1500, and GMC Yukon. The agency has logged roughly 500 complaints of engine failure in vehicles already repaired under an earlier L87 recall, with about two dozen requiring full engine replacement, plus 191 reports of failures in vehicles built after that recall's coverage period. GM issued the original recall last year and attributed the defect to a supplier, and has separately disclosed roughly $500 million in incremental costs tied to the L87 issue. The probe follows GM's own receipt of nearly 7,000 complaints of post-repair engine failure, raising concerns that the original fix may be inadequate and could lead to a second, more expensive recall.
GM's U.S. Sales Crown at Risk as Toyota Fast Approaches
General Motors' lead over Toyota in U.S. vehicle sales has narrowed to just over 100,000 vehicles through July, with both automakers at around 1.5 million sales, according to The Wall Street Journal. GM sold roughly twice as many vehicles as Toyota two decades ago, and Cox Automotive analyst Charlie Chesbrough told CNBC that GM may be looking over their shoulder and that Toyota could overtake it as the top-selling U.S. manufacturer by year-end. GM's Lansing, Michigan, battery plant, which GM scrapped and sold its stake in back in 2024, is now producing batteries for a $1.5 billion Toyota order, a symbolic marker of the shifting balance highlighted at a ribbon-cutting attended by Michigan Governor Gretchen Whitmer. Despite the sales pressure, GM is on track for near-record operating profit, raised its free cash flow guidance to $9.5 billion to $11.5 billion, bought back $2.8 billion of stock in the first half, and holds $19.7 billion in automotive cash. GM still holds 42% share of full-size pickups, more than 10 points ahead of its nearest rival, a franchise no competitor has taken from GM in 40 years. However, GM's plants operate at 73% utilization, unchanged since 2018, versus 91.9% at Toyota, according to a Wall Street Journal analysis, and Toyota offers hybrids across more than 20 U.S. models, from the Camry to the RAV4, Corolla Cross, and Highlander. Losing the top sales spot hurts GM's image and reputation, as GM has led U.S. sales since 1931, and seeing a local battery plant supply Toyota instead of GM shows a major foreign rival taking over American production.
Automakers Face 50% US Tariffs on Canada, Hope for Deal Before They Take Effect
Global automakers face a doubled problem after President Trump declared that from January 1 next year, the US will impose 50% tariffs on Canadian-made vehicles, auto parts, and trucks. One industry executive said, "We must not let Canada be treated like China in January." According to Barclays, Canadian-made vehicles account for only about 6% of US sales in 2025, but if tariffs double, Ford Motor, General Motors, Stellantis, Toyota, and Honda will face significant additional costs on their main models. Moreover, higher tariffs on parts would hit the entire US automotive supply chain. Some industry sources interviewed by Reuters suggested that since the tariffs are months away, there is still room for both sides to reach an agreement. Toyota and Honda are expected to be the most affected, as according to the Canadian Automobile Manufacturers Association, they account for over 75% of the 1.2 million vehicles produced in Canada in 2025, most of which are exported to the US.
GM Faces Federal Probe Into Brake Failures Affecting 1.1 Million Vehicles
General Motors is under federal investigation for potential brake failure risks affecting over 1.1 million vehicles equipped with its eBoost brake-by-wire system. US safety regulators opened the probe to assess reports of braking performance issues and possible safety hazards for drivers. The review could lead to recalls, repairs, or other corrective actions depending on the findings. Investors are monitoring potential regulatory, legal, and reputational impacts for GM as the probe progresses. The main near-term financial risk is the cost of any recall, repair, or software fix if regulators conclude the eBoost system creates a safety defect, which could pressure margins already affected by quality-related outlays. The clearest signal for investors will be the outcome of the investigation, particularly whether it triggers a formal recall with quantified repair obligations across the affected vehicles.
Ford to Bring Lincoln Production Home as GM Exits Battery Venture
Ford Motor Company announced on August 12, 2026 that it will increase US production of its Lincoln vehicles starting in 2030 and phase out imports from China entirely, a move the company said will generate thousands of direct and indirect US jobs. Days earlier, Samsung SDI acquired General Motors' 49.99% stake in SynergyCells, ending a $3.5 billion US battery joint venture between the two companies. Ford CEO Jim Farley called Lincoln a quintessentially American brand and said the company builds in America because it believes in America, noting Ford assembled more than 2 million vehicles domestically in 2025, more than any other automaker. Ford reported roughly $3 billion in gross tariff costs in 2025, with about a $2 billion hit to earnings even after offsets, while General Motors expects gross tariff costs of $2.5 billion to $3.5 billion this year alone, a burden that could eat more than 20% of its operating profit. Samsung SDI said it will keep working with General Motors on next-generation prismatic battery technology and plans to repurpose the partially built Indiana plant, originally designed for 27 gigawatt-hours of annual EV battery output, to serve the fast-growing energy storage systems market instead.
GM Sets Up $4.5 Billion Parts Facility as Ford Shifts Lincoln Production to US
General Motors disclosed a $4.5 billion purchasing facility with Procura Auto Parts to secure components during supply-chain disruptions, while Ford said it will move production of some Lincoln models from China to the United States starting in 2030. GM's facility, funded by a bank syndicate led by JPMorgan Chase and Santander, prepays suppliers so GM can avoid paying for stored parts until needed, though it pays interest, premiums, and an annual fee on unused amounts. Ford's shift targets the Lincoln Nautilus, which faces a 52.5% US tariff, and builds on existing domestic assembly of the Navigator in Kentucky and the Aviator in Chicago. GM expects gross tariff expenses of $2.5 billion to $3.5 billion this year, while Ford pegs its net tariff hit at about $1 billion. GM was held by 77 hedge funds as of Q1 2026, down from 81, and Ford by 50, down from 52.
Ford and Stellantis Drop 4% as Trump Sets 50% Auto Tariffs on Canada
Ford and Stellantis each fell 4% after President Trump announced 50% tariffs on all Canadian vehicles and parts starting January 2027. Ford stock was down to $13.87 and Stellantis to $5.19 in Monday mid-morning trading, while General Motors slipped 2% to $86.28. The announcement came in a Truth Social post in which Trump accused Canada of ripping off the United States and cited a $60 billion trade deficit. The move follows the collapse of U.S.-Canada trade talks late Friday, with Canada's ambassador Mark Wiseman saying the written trade text diverged from what Canada believed it had agreed to. Washington separately applied 50% tariffs to about $20 billion of Canadian goods, and Canada announced counter-tariffs scheduled for September 8.
PG&E Expands Vehicle-to-Everything Program with New Partners and EV Models
Pacific Gas and Electric Company announced a significant expansion of its Vehicle-to-Everything program, adding Bidirectional Energy and PowerFlex as approved partners and making EVs from Kia, Volvo, Polestar, and Nissan newly eligible. The expansion also includes new General Motors models such as the Chevrolet Bolt, Cadillac Celestiq, and Cadillac Escalade IQL, building on existing options from Ford, Tesla, Chevrolet, GMC, and Cadillac. Customers can now enroll through June 30, 2027, with residential incentives of $2,500 upfront, or $3,000 for those in disadvantaged communities, plus a $1,500 Early Adopter Incentive for the first 250 enrollees. Newly eligible vehicle and charger combinations qualify for up to $13,000 in additional incentives through California Energy Commission grant funding. PG&E has also advanced V2X solutions for commercial and fleet customers, including work with school districts in Fremont, Oakland, and San Francisco to support bidirectionally capable electric school bus fleets.
Samsung SDI to sell part of its stake in Samsung Display
Samsung SDI has agreed to reduce its stake in Samsung Display from 15.2% to 10.2%, selling 13.09 million shares at KRW 304,000 each to free up KRW 4.45 trillion, or US$3.2 billion, for investment in future growth businesses. Samsung Display will buy back the shares as treasury stock, with the final valuation subject to change during the repurchasing process. The move comes as Samsung SDI faces rising investment demand in the US amid falling battery electric vehicle sales following the withdrawal of purchase incentives worth up to US$7,500 per vehicle last year. Samsung SDI recently agreed to take over General Motors' almost 50% stake in its Synergy Cells joint venture, giving it full control of the US$3.5 billion battery plant under construction in New Carlisle, Indiana.
US-Canada Trade Talks Collapsed Over Fine Print, Envoy Says
US-Canada trade talks collapsed over a range of issues where the written text of a potential deal was at odds with what the Canadian side believed it had agreed to, Prime Minister Mark Carney's top US envoy says. Mark Wiseman, Canada's ambassador to the US, said in an interview Sunday that there was no one issue that led talks to collapse late Friday, a development that triggered new tariffs and a potentially escalating trade fight. Wiseman likened the negotiations to a handshake deal to buy a house, only for the prospective buyer to learn appliances weren't included, the furnace had no warranty and neither the garage nor yard is on the same property, and ultimately walk away. The US proceeded to apply a 50% tariff on about $20 billion in Canadian goods, and Carney announced retaliation that will take effect on Sept. 8. Wiseman said Canada needed medium and heavy duty vehicles to be included in tariff relief, an issue affecting General Motors Co. and Ford Motor Co., two US automakers operating in Canada, but added that this was not why the deal fell apart. Carney also said the US demanded that Canada constrain its ability to do separate trade deals with other nations, and that the administration was looking to curtail the use of French, one of Canada's two official languages, in digital services and US-based streaming services. Wiseman declined to say whether Canada was open to restarting talks, but said communications with the administration continue and that the talks were cordial throughout.
General Motors reaches tentative labor deals with Canada's Unifor union
General Motors has reached tentative labor agreements with Canada's Unifor union covering more than 4,600 members across four manufacturing facilities. The deals cover workers at the Oshawa Assembly Plant, St. Catharines Propulsion Plant, Woodstock Parts Distribution Centre, and CAMI Assembly, though terms were not immediately disclosed. Unifor National President Lana Payne said the agreements deliver strong income and benefit gains amid challenging times. The agreements were unanimously endorsed by the Unifor General Motors Master Bargaining Committee and still require ratification by members in meetings scheduled for August 29 and 30. Unifor, Canada's largest private-sector union, began negotiations with General Motors last week after finalizing a three-year labor agreement with Ford Motor in July.
General Motors Stock Rises 3.5% Since Strong Q2 Earnings Beat
General Motors shares have gained about 3.5% since the company reported second-quarter 2026 results a month ago, outperforming the S&P 500. The automaker posted adjusted earnings of $3.57 per share, up 41.3% year over year and beating the Zacks Consensus Estimate of $3.13 by 14.06%, while revenues rose 1.9% to $48.03 billion. GM raised its full-year adjusted EBIT guidance to $14-$16 billion and adjusted earnings per share to $12-$14, citing strong pricing and warranty performance. The company also repurchased $2 billion of stock and declared a quarterly dividend of 18 cents per share. Analyst estimates have trended upward over the past month, with the consensus estimate shifting 5.57% higher, and the stock currently carries a Zacks Rank #3 (Hold).
US to cut Canadian auto tariffs to 15% in exchange for lifting retaliatory measures
The United States is preparing to reduce import tariffs on automobiles from Canada to 15% from the current 25%, as part of a trade agreement under negotiation, with Canada required to lift trade measures imposed in retaliation against the US. Multiple foreign news agencies reported, citing sources, that under the new agreement the tariff rate for Canadian autos would fall to 15%, while details of the deal are still being finalized and there remains a possibility that President Donald Trump could adjust terms late in the negotiations or scrap the agreement, as has happened in past trade talks. The two countries are also discussing ways to expand the list of parts and value eligible for additional tariff exemptions, but no final decision has been made so far. If an agreement is reached on that issue, it would further reduce the tariff burden on automakers. The tariff cut could be a major victory for Canada's auto industry, including major manufacturers such as Toyota, Honda, General Motors, and Ford, which all have production bases in Canada and export vehicles to the US market. Last year, the US announced 25% tariffs on imported cars and trucks built outside the country, while for vehicles produced in Canada and Mexico, the US would levy tariffs only on the value of parts not made in the US, in an effort to push manufacturers to increase domestic production and use more local parts.
General Motors Extends China Joint Venture With SAIC Motor For 20 Years
General Motors and SAIC Motor agreed to extend their joint venture for another 20 years to deepen cooperation in intelligent electric vehicles and global expansion. The extension signals a renewed long-term commitment by GM to the Chinese market and global EV manufacturing through the SAIC-GM partnership. Separately, GM was removed as a key partner from a major new LG Energy Solution battery plant project in the US as the company adjusts its North American battery strategy. The twin moves indicate a shift in how GM balances China-focused EV development with a more flexible battery sourcing approach in the US.
Rivian Automotive is closing the gap with Tesla in advanced driver-assistance technologies, making software a bigger part of its growth strategy. CNBC testing over hundreds of miles indicated Rivian's Autonomy+ technology was better than historical systems such as General Motors' Super Cruise, but Tesla's FSD was still more capable overall. Tesla navigated traffic signals, junctions, exit ramps and nearly 200 miles of combined highway and city driving with little assistance, while Rivian still needs driver input for some of these and can't change lanes by itself yet. Rivian plans to launch point-to-point driving later this year, moving Autonomy+ closer to what Tesla already offers today. Rivian's Autonomy+ subscription is priced at $49.99 per month, compared to Tesla's FSD subscription at $99 a month.
GM to End Chevrolet Sales in China as Ford Reshores Lincoln Production
General Motors plans to stop Chevrolet sales in China after nearly 21 years, while Ford will stop producing Lincoln vehicles in China for the US market beginning in 2030. Chevrolet's China sales fell from over 767,000 vehicles in 2014 to less than 9,000 last year, a 98.8% decrease, prompting GM to focus on Buick and Cadillac. Ford's move targets the Lincoln Nautilus, its best-selling model and the only vehicle it currently makes in China for American buyers, which faces a 52.5% US tariff. CEO Jim Farley said the decision was prompted by the Trump administration's trade policies, and GM recently extended its SAIC joint venture until 2047 while planning at least 30 new energy vehicles domestically by 2030.
GM Restarts Ohio Battery Production After Seven Month Shutdown
Ultium Cells, the General Motors and LG Energy Solution joint venture, restarted battery production at its Warren, Ohio plant after a seven month shutdown linked to changes in US BEV market conditions and policy. The Warren facility return to operations marks a fresh step in rebuilding GM's domestic EV battery supply chain following the extended pause. The restart follows earlier adjustments to GM's electric vehicle rollout plans in response to evolving US demand for battery electric vehicles. General Motors, a US auto company with a market capitalization of about $75.8b, designs and sells trucks, crossovers, cars, and parts worldwide. The Ultium Cells restart feeds directly into its effort to secure battery capacity for its broader vehicle lineup.
Detroit Three face over $2 billion in annual added costs if USMCA origin rules are tightened
General Motors, Ford Motor, and Stellantis plan to tell the Trump administration that its proposal to tighten automotive rules of origin under the United States-Mexico-Canada Agreement would add at least $2 billion a year in costs and could hurt their competitiveness against foreign automakers. According to estimates by two of the major U.S. automakers, if requirements are introduced mandating that vehicles contain at least 50 percent U.S.-made parts, or if the North American parts content requirement is raised from the current 75 percent, the Detroit Three would face at least $2 billion in additional annual costs, on top of cost increases from various tariffs introduced since last year. General Motors has already indicated that its total tariff-related costs this year could reach $2.5 billion to $3.5 billion, potentially equivalent to more than 20 percent of its operating profit, while Ford estimates its net tariff burden at about $1 billion. The Office of the United States Trade Representative did not respond to a request for comment.
General Motors Exits Indiana Battery Joint Venture With Samsung SDI
General Motors is selling its 49.99% stake in the $3.5 billion Indiana battery plant joint venture to partner Samsung SDI, making the South Korean company sole owner of SDI-GM Synergy Cells Holdings. The purchase price was not disclosed. The two companies will maintain a business relationship through a separate agreement to jointly develop next-generation prismatic battery cells, and GM will continue to source batteries from Samsung SDI. The exit comes amid weaker-than-expected U.S. EV demand following the expiration of the $7,500 federal EV tax credit in September 2025, and GM has already incurred roughly $6 billion in charges related to scaling back its EV strategy.
Tesla sold 93,579 units to Chinese buyers in July, according to official EV figures from the China Passenger Car Association, even as China's overall passenger car market fell 20.9% to 1.46 million retail units. The company also exported 66,330 units from its Shanghai plant during the month, while rival BYD failed to rank among the top three sellers in China. In the US, Tesla holds over half the EV market, helped by GM and Ford retreating from the segment, though US EV sales dropped about 20% in the first half of the year after the $7,500 federal tax credit ended. A 100% US tariff on Chinese EVs shields Tesla from cheaper rivals, and US oil reserves at a low not seen since 1983 could push gas prices toward $5, potentially boosting EV demand.
Ford reported second-quarter revenues of $48.3 billion, down 3.8% year on year and 2.6% below analyst expectations, though adjusted operating income and EPS beat estimates. The stock has fallen 6.5% since the report and trades at $14.00. Among the ten automobile manufacturing stocks tracked, Rivian posted the biggest analyst estimate beat with revenues of $1.66 billion, up 27.2% year on year, while Winnebago delivered the weakest performance with revenues of $698.7 million, down 9.9% year on year. General Motors reported revenues of $48.03 billion, up 1.9% year on year, and its stock is up 15.7% since reporting.
GM sets up $4.5 billion parts facility to guard against supply-chain disruptions
General Motors has established a purchasing facility of up to $4.5 billion with third-party inventory management company Procura Auto Parts to secure critical components and protect production from future supply-chain disruptions. Under the three-year arrangement, Procura will purchase and manage selected parts from suppliers, while banks including JPMorgan Chase and Santander will fund the purchases. The facility is designed to help GM maintain production during disruptions caused by natural disasters, cyberattacks or unexpected increases in demand. The move comes after COVID-19 caused major supply-chain disruptions and semiconductor shortages that forced automakers to halt production.
GM and SAIC Extend China Joint Venture by 20 Years, Plan 30 New Energy Vehicles by 2030
General Motors and SAIC Motor have extended their SAIC-GM joint venture in China by 20 years to 2047, committing to launch at least 30 new energy vehicles by 2030 and to use China-developed technologies for both domestic and overseas markets. This shift from one-way technology transfer to local innovation and global sharing positions GM to tap China's electric vehicle supply chain and engineering base as a key pillar of its worldwide product and technology roadmap. The extension reinforces GM's global EV ambitions but does not clearly change the near-term focus on EV profitability and the risk that slower adoption and policy shifts keep margins under pressure. GM is also recalibrating its battery and EV footprint, highlighted by its decision to unwind an Indiana battery joint venture with Samsung SDI while continuing to cooperate on next-generation prismatic cells.
EVgo and GM open flagship charging site in Detroit, plan over 100 new stalls by end of 2026
EVgo and General Motors have opened a new flagship charging station in metropolitan Detroit, part of a broader program that now has more than 40 flagship stalls nationwide and is expected to surpass 100 stalls by the end of 2026. The latest site, located at a Meijer store in Warren, Michigan, features 12 stalls with CCS and NACS connectors, 350 kW charging, and a pull-through canopy for vehicles with trailers. EVgo plans to build additional flagship stations in California, Florida, Georgia, Illinois, Michigan, and Texas. Separately, EVgo has built nearly 2,400 stalls across 32 states with GM's support, and a collaborative network with Pilot Company has surpassed 1,300 stalls at 300 locations across 40 states.
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