Research · Sep 3, 2026
GM FY25 (Dec 31, 2025) at $185.0B revenue (-1.3%). OpInc $2.91B (-77%, EV write-downs + restructuring + Cruise wind-down). Net income $2.70B (-55%); Diluted EPS $3.27. FCF +$11.07B (vs -$5.98B FY24). Capex $15.79B (-40% from $26.1B FY24). Buyback $6.04B; Div $657M. Total debt $130.3B. GMNA ~80% (Silverado/Sierra trucks). DB upgraded Hold→Buy ($83→$90); Wolfe upgrade PP→OP ($96); Benchmark $65→$90 (+$25 largest); UBS $102→$105; GS $104→$91 trim.
Research · Aug 25, 2026
Talks collapsed on 21 August and a US 50% tariff on about $20bn of Canadian goods took effect on 22 August, with Canada retaliating from 8 September.
Research · Jun 12, 2026
Ford -4.3% on Trump USMCA renewal threat. 25% North American production in Mexico. $4-6B tariff exposure if full USMCA exit occurs.
Research · Jun 10, 2026
GM signaling new battery chemistry for AI data center backup + grid storage. Strategic pivot opens $20B+ market beyond struggling EV business.
Research · Apr 13, 2026
VW's US ID.4 cancellation signals EV slowdown, boosting Ford and GM's ICE/hybrid profits while pressuring Rivian, Lucid, Tesla's core, and Albemarle. Legacy names offer value at low multiples; pure-plays face cash crunch. Rank: Buy GM/F, avoid others.
Research · Apr 13, 2026
Tesla's April 10, 2026, Dutch FSD approval catalyzes EU robotaxi fleets, boosting OEM-ride hailing winners like TSLA, UBER, RIVN, GM, and GOOG. Analysis ranks TSLA top for scale, UBER for value, amid high-margin fleet potential. Key metrics show UBER's 18% growth at 14x P/E leading near-term.
Research · Apr 10, 2026
VW's Xpeng partnership spotlights Chinese EV tech's edge, boosting XPEV and pressuring US legacy firms like Ford and GM while Tesla's scale and Rivian's JV provide buffers. Article analyzes six US-listed players with fresh financials, ranking XPEV as top winner amid disruption.
