The Latest Breaking News from Mary Barra

General Motors Co. (NYSE:GM) expects EV sales to decline after President Donald Trump's September 30 deadline for $7,500 Federal EV Credit, anticipating an end to heavy discounts on all-electric vehicles in the U.S.

A new report reveals the CEOs of companies who received the most money in 2024, particularly those in the automotive industry. It’s not just the manufacturers that are responsible for vehicle production, but also the technology that is applied in various types of transportation.

Despite a decrease in overall sales for the year, EVs are shining bright in the lead-up to September’s consumer credit deadline.

General Motors Co. (NYSE:GM) has said that Chevrolet is the second-largest electric vehicle brand in the U.S., with Cadillac coming in at the fifth spot despite leading luxury EV sales.

“The top-down macroevidence seems clear: Americans are mostly paying for the tariffs,” a Deutsche Bank analyst said in a note published Tuesday.

The automaker’s new battery technology could deliver even cheaper cells compared to LFP, CEO Mary Barra said.

General Motors reported Tuesday that second-quarter profits tumbled by more than a third due to tariffs as it confirmed its full-year forecast.

General Motors on Tuesday released its financial results for the second quarter of 2025, revealing a $1.1-billion drop in revenue year-over-year. The drop was blamed squarely on tariffs, with the company expecting even more revenue shortfalls as the year goes on. 

General Motors Company slumped in Tuesday’s premarket session after reporting a sharp drop in adjusted EBIT margins to 6.4% and a whopping $1.1 billion tariff headwind.