GM Takes $6 Billion EV Writedown as Electric Vehicle Market Cools
General Motors (GM) announces $6 billion in EV-related charges as demand weakens and Trump eliminates tax credits, joining Ford in massive electric vehicle pullback.
/ 15 items
#GM↓
Piper Sandler Upgrades Ford, GM, and Stellantis Stocks
Piper Sandler upgraded Ford, GM, and Stellantis to Overweight, raising price targets and highlighting improved strategy, cash flow strength, and upside potential through 2026–2027.
Morgan Stanley Turns Cautious on Rivian Amid Prolonged EV “Winter”
Morgan Stanley downgrades Rivian to Underweight, keeping a $12 price target. The firm expects the EV slowdown to continue through 2026 while showing more confidence in traditional engines and hybrids.
GM Raises 2025 Outlook as Truck Sales Surge and Tariff Relief Boosts Profits
General Motors increases full-year profit forecast to $12-13B as strong pickup truck sales and Trump administration tariff relief offset EV struggles and market challenges.
White House to Extend Tariff Relief for US Automakers: What You Need to Know
The White House will extend tariff relief for US carmakers by five years, helping Ford, GM, and others reduce costs from Trump's import duties on auto parts and vehicles.
General Motors Takes $1.6 Billion Charge to Right-Size EV Capacity
GM booked a $1.6B charge, reducing its EV production plans. Demand is slower than expected due to gov't ending tax credits and changing rules.