Overview

• GM absorbed a $1.1 billion net hit from Trump-era tariffs in the second quarter and maintained electric vehicles as its strategic “north star.”
• EV sales surged 111% year-over-year to 46,280 units in Q2, lifting Chevrolet to the No. 2 overall EV brand and Cadillac to luxury leader status in the US.
• The company upheld its full-year 2025 guidance, which factors in $4–5 billion in tariff costs, and plans to mitigate at least 30% of that impact through manufacturing adjustments and cost initiatives.
• It committed $4 billion to realign production across North America and to expand low-cost lithium-iron-phosphate battery capacity via its Ultium Cells joint venture in Tennessee.
• GM highlighted its dual-track ICE/EV manufacturing flexibility as a key advantage for offsetting cost and demand volatility during a quarter when US EV sales dropped 6.3% year-over-year.