General Motors Co has recently released its latest 10-Q report. General Motors designs, builds, and sells trucks, crossovers, cars, and automobile parts in markets around the world. Its operations are organized into GM North America, GM International, and GM Financial, and its vehicle brands include Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling.
In Item 2, management said the quarter was shaped by tariff volatility, EV restructuring costs, and mixed regional demand. For the nine months ended Sept. 30, 2026, GM recorded net favorable tariff adjustments of $0.7 billion, mainly tied to previously charged IEEPA tariffs that are refundable, and said the current tariff environment could affect EBIT-adjusted by $2.5 billion to $3.5 billion for full-year 2026. It also recorded $3.6 billion of net charges in the nine-month period related to its EV strategic realignment, including $2.5 billion for supply-base and joint-venture negotiations, $1.3 billion of losses on supply agreements, and $0.5 billion tied to compliance-related assets, offset by $0.7 billion of recoveries; $2.7 billion of those charges will be cash costs, and GM said it had already incurred $4.2 billion in related cash outflows.
GM said it expects 2026 net income attributable to stockholders of $8.9 billion to $9.5 billion, EBIT-adjusted of $14.5 billion to $15.5 billion, diluted EPS of $9.72 to $10.72, and adjusted diluted EPS of $12.75 to $13.75. In North America, industry sales were 15.3 million units in the nine months ended Sept. 30, 2026, down 1.7% from a year earlier, while U.S. industry sales fell 2.3% to 12.3 million units. GM’s U.S. vehicle sales were 2.0 million units, giving it a 16.4% share, down 0.7 percentage points year over year.
In China, industry sales fell 18.2% to 15.8 million units in the nine-month period, while GM’s sales there were 1.1 million units for a 6.7% share, down 0.3 percentage points. GM said its Automotive China joint ventures generated $0.3 billion of equity income, including $0.1 billion from the restructuring of SAIC General Motors. Outside China, industry sales rose 4.8% to 21.2 million units, while GM’s sales were 0.7 million units for a 3.1% share, down 0.1 percentage points.
GM’s wholesale vehicle sales totaled 2.917 million units in the nine months ended Sept. 30, 2026, up from 2.862 million a year earlier. North America accounted for 2.511 million of those units, while international markets accounted for 407,000. Fleet sales were 853,000 units in the nine-month period, equal to 20.7% of total vehicle sales, up from 17.0% a year earlier. As a result of these announcements, the company's shares have moved -6.84% on the market, and are now trading at a price of $77.09. For the full picture, make sure to review General Motors Co's 10-Q report.
