General Motors manufactured 22.3% of light vehicles in Mexico: it is the main automotive producer in the Mexican market
The 2025 guidance assumes "stable policy environment." Strong volumes and pricing helped boost GM earnings well past views.
General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street
State Democrats revised a statement that originally asserted incorrectly that "factories (are) already idling because of Trump’s presidency."
GM’s Factory Zero did not shut down because of any executive orders signed by Donald Trump, according to a GM spokesperson.
He was referring to dispute Trump’s executive order – one of a slew he has signed since taking office on Monday – that calls for the elimination of the “electric vehicle mandate.” Fanjoy and some market watchers feel government and industry investments in EV technology have moved too far along for Trump's order to have much influence on reining in sales over the long term.
Once Donald Trump swears in on Jan. 20, he will receive the Presidential state car, a custom Cadillac nicknamed "The Beast".
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.
President Trump has slashed a slew of EV-related policies, which could affect many states that have received billions of dollars in investment for electrification, notably Michigan.
Challenges still remain for the US automaker in 2025, with its electric vehicle business and manufacturing footprint possibly under threat from new White House regulations.
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.
General Motors reported a record adjusted net income for 2024 Tuesday, just a year removed from a costly strike by the United Auto Workers union, and said that it expects even better operating results in the year ahead.