From Autoweek · Todd Lassa · · 1m 30s
GM Posts Record $50 Billion Quarter as EV Strategy Evolves
GM reports $50 billion quarterly revenue as EV strategy shifts.
In brief
GM reports $50 billion quarterly revenue as EV strategy shifts. General Motors achieved record $50 billion quarterly gross revenue with EV strategy evolving amid tariff costs and production shifts. Originally reported by Autoweek.
GM reports record quarterly revenue
General Motors reported $50 billion quarterly gross revenue for the three months ended September 30, 2026.
EV strategy shifts with tariff costs
GM paid $1.8 billion in tariffs year-to-date and expects $2.5, $3.5 billion in full-year 2026 tariffs.
EV financial outlook for 2027
GM expects improved EV financial results in 2027 with slower cost reductions than 2026.
EV program losses projected
GM aims to cut EV program losses from $1.5 billion to $1 billion for the full year.
President Reuss on EV strategy
President Mark Reuss stated GM has absorbed over $11 billion in EV-related charges but is not overreacting to federal policy shifts.
Super Cruise autonomous driving
GM plans to launch Level 3 Super Cruise autonomous driving in the 2028 Cadillac Escalade IQ.
EV market share trends
GM holds second place in US EV sales with 5.8 percent market share, down from 7.4 percent in Q3 2025.
Hybrid market strategy
GM focuses on hybrid-electric models for compact crossovers and sport utilities rather than mid-size vehicles.
2027 pickup truck production
New 2027 Chevy Silverado and GMC Sierra production begins at Silao assembly plant in Mexico this year.
The essence
General Motors achieved record $50 billion quarterly gross revenue with EV strategy evolving amid tariff costs and production shifts.
