Automaker
Appears in 3 stories
Raised 2026 outlook while absorbing tariff costs
General Motors paid roughly $900 million in import tariffs in three months and still told investors it will make more money this year than it thought. On July 21, the largest US automaker raised its 2026 profit outlook, lifting its adjusted operating earnings target to about $14–16 billion.
Updated Jul 21
Actively investing in U.S. ICE manufacturing while maintaining EV commitments
General Motors is spending more than $150 million to retool a century-old casting plant in Saginaw, Michigan, for the company's next-generation 6.7-liter V-8 engine. The plant has poured engine blocks since 1919 and now employs about 300 workers. In 2027, it will begin producing components for the sixth-generation small-block V-8 destined for the Chevrolet Silverado HD and GMC Sierra HD pickup trucks.
Updated May 30
Cautious supporter of realignment, heavily invested in EVs
On December 3, 2025, President Trump unveiled an NHTSA proposal to slash Biden-era CAFE standards, cutting the 2031 target from about 50.4 mpg to roughly 34.5 mpg. The rule also slows annual increases to 0.25–0.5% from 2% and bans credit trading after 2028, which especially hurts EV-focused companies that sell credits to gasoline-heavy manufacturers.
Updated May 10
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