GM's core profit rises 22% on strong U.S. truck sales [Globe and Mail, The (Toronto, Canada)]
General Motors Company (GM)
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Source: Globe and Mail, The
The automaker's quarterly net income dropped 6 per cent from a year earlier to US$2.6-billion, mostly due to a US$1.1-billion charge to settle supplier claims for slowing electric-vehicle programs. Revenue of US$43.6-billion was down less than 1 per cent. American consumers have continued buying cars despite a year of economic uncertainty from tariffs, elevated gas prices and a shaky job market. “We are clearly operating in a very dynamic environment, which isn't unusual for this industry,” GM chief executive officer Mary Barra said in a statement. In North America, GM's biggest money maker, its profit margin improved to 10.1 per cent from 8.8 per cent a year earlier, despite a 10-per-cent decline in sales in the first quarter. The sales drop was partly explained by a tough comparison to first quarter 2025, when U.S. buyers snapped up new vehicles in a rush to beat tariff-related price hikes. GM said cost savings from eased tailpipe emissions regulations in the U.S., as well
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- General Motors beats profit outlook despite EV realignment, raises FY26 outlook [Seeking Alpha]Seeking Alpha
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GM
Earnings
- 4/28/26 - Beat
GM
Sec Filings
- 4/28/26 - Form 8-K
- 4/20/26 - Form ARS
- 4/20/26 - Form DEFA14A
- GM's page on the SEC website