GM 2025 profit slumps on EV charges despite higher US market share

General Motors has posted weaker yearly net for 2025 aft gross slipped and ample electric-vehicle (EV) charges pushed the 4th fourth into a loss.

The US-based carmaker said yearly gross fell 1.3% to $185bn, portion EBIT-adjusted dropped 14.6% from 2024.

Net income borderline narrowed sharply to 1.5% from 3.2%, a autumn of 53.1%. Net income attributable to stockholders dropped 55.1% year-on-year to $2.6bn.

The institution reported yearly EBIT-adjusted nett of $12.7bn, unneurotic with a 20% emergence successful its quarterly dividend and a caller $6bn stock buyback authorisation.

In North America, the EBIT-adjusted borderline fell to 6.8% from 9.2% year-over-year, adjacent arsenic US marketplace stock accrued to 17.2% from 16.5%, driven chiefly by trucks and crossovers.

GM reported that 27.5% of its wholesale conveyance volumes successful 2025 came from extracurricular the US, portion North American operations ran astatine much than afloat two-shift capableness during the year.

The 4th fourth was marked by a plaything to a $3.3bn loss, aft the radical recorded much than $7.2bn successful peculiar charges mostly tied to a realignment of EV capableness and investments.

GM said the actions reflected weaker projected EV request and shifts successful US authorities policy, including the ending of user incentives and looser emissions rules.

Fourth-quarter EBIT-adjusted accrued 13.3% year-on-year to $2.8bn.

For 2026, GM forecast nett income attributable to stockholders of betwixt $10.3bn and $11.7bn, with EBIT-adjusted projected astatine $13bn to $15bn.

Capital spending is expected to scope $10bn to $12bn, including outlays for battery-cell manufacturing associated ventures.

It besides sanctioned a $6bn stock repurchase programme with nary expiry date.

GM reiterated its 2026 fiscal goals, including adjusted automotive escaped currency travel of $9bn to $11bn and EBIT-adjusted net per stock of $110 to $130.

In a shareholder letter, CEO Mary Barra said: “GM delivered full-year EBIT-adjusted astatine the precocious extremity of our guidance range, and we are pleased that we delivered a full instrumentality of 54% for our investors. We judge this is sustainable, truthful we are expanding our dividend complaint by 20% and our Board authorised a caller $6bn stock repurchase programme.”

"GM 2025 nett slumps connected EV charges contempt higher US marketplace share" was primitively created and published by Just Auto, a GlobalData owned brand.

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