General Motors raised its 2026 pre-tax operating earnings forecast to a range of $14 billion to $16 billion, up half a billion dollars from the prior level, citing slightly better commodity cost dynamics. The company reported first-quarter profits of $1.3 billion, down 31 percent from a year ago, while revenues rose nearly two percent to $48 billion. Results were dented by $2.3 billion in costs related to winding down electric vehicle investments and $177 million in China restructuring charges. Strong pricing in North America, driven by record full-sized pickup truck sales and robust fleet demand, boosted profit margins despite lower sales volumes. GM maintained its full-year projection of a $2.5 billion to $3.5 billion hit from US tariffs, and CEO Mary Barra said the company is shifting more production back to the United States to reduce tariff exposure.
General Motors CompanyGM raised its 2026 profit outlook by $0.5B, citing better commodity cost dynamics.