GM (GM) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, January 27, 2026 astatine 9:28 AM CST 52 min read

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Jan. 27, 2026, astatine 8:30 a.m. ET

• Chief Executive Officer — Mary Barra

• Chief Financial Officer — Paul Jacobson

• Chief Financial Officer, GM Financial — Susan Sheffield

Mary Barra: Thank you, Ashish, and bully morning, everyone. I'm incredibly arrogant of our planetary team, including our dealers and suppliers for delivering an exceptional 2025. Together, we grew the concern and adapted to important changes successful taxation and commercialized argumentation to present full-year EBIT adjusted astatine the precocious extremity of our guidance range. We are pleased that we delivered a full instrumentality of 54% for our investors and I'd similar to stock immoderate of the operating highlights that underscore our momentum. In the United States, we achieved our highest full-year marketplace stock successful a decade. In fact, 2025 was our 4th consecutive twelvemonth of marketplace stock maturation and we proceed to present with debased inventory, debased incentives, and beardown pricing.

Once again, GM led the manufacture successful full-size pickups and full-size SUVs, and we had our champion twelvemonth ever successful crossovers driven by vehicles similar the redesigned Chevrolet Equinox and Traverse. We person besides been precise palmy with smaller profitable crossovers similar the Chevrolet Trax successful Buick and Vista. Because we supply tremendous value, with large styling, technology, and a suite of information features astatine immoderate of the lowest prices successful the market. We're precise arrogant that Car and Driver named Chevrolet Trax to its 10 Best database for the 3rd twelvemonth successful a enactment joining the Chevrolet Corvette Cadillac CT5 V Blackwing, and our full-size SUVs.

Not lone that, but the Cadillac Escalade IQ won Motor Trend's prestigious SUV and Technology of the Year awards. Lastly, the conveyance and exertion solutions that GM Involve delivers to our commercial, government, and rental customers helped america pb the US fleet conception for the 2nd consecutive year. We demonstrated different existent halfway competency passim the year, our agility and velocity successful adapting to change. We proactively managed our nett tariff vulnerability reducing it good beneath our archetypal expectations. Thanks to self-help initiatives and argumentation actions that enactment companies similar GM that person important and increasing commitments to American manufacturing.

We were besides speedy to respond to slowing EV request by selling our stock successful the Altium Cells Lansing works and pivoting oregon successful assembly from EV to ICE production. Our compelling conveyance and exertion portfolio, a resilient US market, and the steps we person taken to fortify our presumption should assistance marque 2026 an adjacent amended twelvemonth for GM. The charges we took successful the 2nd fractional of the twelvemonth to trim EV capableness volition trim our fixed costs and resoluteness the bulk of our commercialized claims tied to little volume. In addition, our warranty disbursal is moving successful the close absorption and our EV losses volition beryllium lower.