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The Latest Breaking News from Paul Jacobson

Detroit’s top carmaker just wrote down $7.6 billion on its EV business—and grew its market cap by the same amount. Here’s how GM did it

“We continue to believe in EVs,” CEO Mary Barra told the Street. But GM also believes in free cash flow.

Fortune

GM CFO Says Rivals Were Selling EVs For 'Whatever They Could Get' During Third Quarter Earnings Call Amid $1.6 Billion EV Charge

General Motors Co. (NYSE:GM) CFO Paul Jacobson says that emissions regulations and EV credits encouraged some rivals to sell EVs at lower prices during the company's third-quarter earnings call.

Benzinga

General Motors CFO: Agility is a key strength as tariffs deliver $1.1 billion hit in Q2

Despite year-over-year declines in revenue, GM outperformed market expectations across major metrics.

Fortune

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GM Not Planning to Raise Car Prices Despite Tariff Hit, CFO Says

GM stock's second-quarter earnings said the company took a $1 billion hit from tariffs, but the CFO said they won't raise prices on cars.

Kiplinger

General Motors Profits Fall On Tariffs

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

International Business Times

'Extreme-Right Totems': Tesla Owners Go To Court Over Musk's Politics

Plus, General Motors infuses $4 billion into U.S. production, and Volkswagen considers a smaller electric van after the ID. Buzz.

InsideEVs

GM’s $5B tariff gut punch shows how painful it will be for U.S. automakers to adapt to Trump’s vision

GM executives described various "levers" the carmarker can pull to offset some of the sting of the tariffs, and said the company should benefit from adjustments to the auto tariffs that Trump announced this week.

Fortune

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GM Expects to Lose '$4 to 5 Billion' Over Tariffs

General Motors held its first-quarter 2025 financial call today. The event, delayed from April 30 to allow the Trump administration to announce more tariff changes, revealed GM will be out billions of dollars unless something changes.

Motor1

General Motors Won't Raise EV Prices Due To Tariffs

General Motors signaled Thursday that it plans to hold prices steady across its U.S. line-up this year, even as it braces for billions of dollars of cost impact on its business due to the Trump administration’s tariffs. That’s welcome news for electric vehicle buyers, especially those eyeing models like the…

InsideEVs

Trump Tempers Auto Tariffs, Winning Cautious Praise From Industry

Trump signed an executive order to limit the impact of overlapping tariffs on automakers. He also released a proclamation that gives the industry a two-year grace period to move supply chains back to the United States and reduce "American reliance on imports of foreign automobiles and their parts."

International Business Times

Stock Market Today: Stocks Extend a Quiet Winning Streak

The S&P 500 Index could actually close April with a monthly gain, which would be an extraordinary sign of market resilience.

Kiplinger

Trump Signals Relief On Auto Tariffs As Industry Awaits Details

The White House said Tuesday it will soften tariffs on automakers, sparking optimism in Detroit whose car manufacturing industry has been on tenterhooks awaiting details on President Donald Trump's fast-evolving policy.

International Business Times

At Tesla's Q4 Earnings Call, The Check Is Due

Elon Musk is a very busy man. These days, his interests are varied and multi-faceted. He's focused on the AI race, cutting government spending in Washington D.C., advising President Donald Trump on just about everything of import, gaming, posting on his social media platform, space travel, and... whatever that was…

InsideEVs

GM 2025 Profit Forecast Clouded By Trump Policy Unknowns

General Motors faced questions Tuesday about the impact of potential moves by the Trump administration targeting trade and the environment, with the uncertainty overshadowing the company's latest results.

International Business Times

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InsideEVs

Auto Industry Urges Trump: 'Preserve The Tax Credits'

A week after the U.S. elections, the country's top auto industry lobbying group wrote a letter to President-elect Donald Trump. It had a clear message: Don't mess with the electric vehicle tax credits. Of course, the group attempted to strike a far more subtle and diplomatic tone. But the urgency…

International Business Times

Awaiting Trump, US Auto Execs Further Temper EV Push

US auto giants signaled Wednesday they could further slow the ramp-up of electric vehicle production as Detroit awaits the arrival of a Trump administration eager to reverse key Biden climate initiatives.

International Business Times

Strong Auto Prices Lift GM Results As It Eyes China Revamp

General Motors reported strong earnings Tuesday on robust pricing as the Detroit giant said it was hopeful about returning to profitability in China and reiterated a flexible approach to EV investment.

InsideEVs

GM Pushes On With The Key To Its EV Future: Profits

General Motors has good news on the EV front after its 2024 Investor Day event. Meanwhile, Volkswagen tries again and Honda hedges its bets.

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Barchart

This CFO Invested $1.1M in His Company's Stock After Earnings

CFO Paul Jacobson just made his first purchase of company stock in more than a year.

InsideEVs

General Motors Cut Its 2024 EV Sales Goal Over Demand Concerns

According to GM Chief Financial Officer Paul Jacobson, the company trimmed its EV production expectations to 200,000-250,000.

International Business Times

General Motors Lifts 2024 Profit Forecast After Strong Q1

General Motors reported higher profits Tuesday thanks to continued strength in North America that offset a loss in its China business, enabling the carmaker to lift its forecast.

Motor1

GM Knows It Loses Money On EVs But Plans To Fix That Next Year

The company's EV pretax margins are expected to improve significantly around the middle of the decade.

InsideEVs

GM Ditches Goal Of Building 400,000 EVs In North America Through Mid-2024

GM is reworking its North America EV strategy and will no longer challenge Tesla's lead in the US EV segment amid slowing EV sales growth, higher labor costs.

The Independent UK

Autoworkers strike cuts into GM earnings, company sees further loses if walkouts linger

A strike by autoworkers against General Motors is expected to cut the automaker's pretax earnings by $800 million this year, and another $200 million per week after that

InsideEVs

GM Having Difficulty Ramping Up EV Production, CFO Admits

GM CFO Paul Jacobson said the automaker had manufactured more than 1,000 Lyriq SUVs in July, which is still well below the automaker's initial expectations.

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