Overview
- GM posted net income of $1.327 billion for July–September, down 56.6% from a year earlier.
- Quarterly revenue was $48.591 billion, a 0.3% decline that was essentially flat year over year.
- Results reflected charges tied to reducing EV production capacity after an October 14 review prompted by softer demand and reduced U.S. purchase incentives.
- GM said the expected impact of Trump administration tariffs narrowed by about $500 million, with related costs now projected at $3.5–$4.5 billion.
- The company raised its full-year guidance on the lower tariff estimate, while noting tariffs and EV-related costs continue to weigh on performance.