General Motors Company (GM) reported a total revenue of $185.0 billion for the fiscal year ending December 31, 2025, a decrease of 1.3% from $187.4 billion in 2024. The company's net income attributable to stockholders was $2.7 billion, down from $6.0 billion the previous year, resulting in diluted earnings per share of $3.27 compared to $6.37 in 2024. The decline in profitability was attributed to several factors, including increased costs related to the strategic realignment of electric vehicle (EV) capacity, which accounted for $7.9 billion in charges, and rising material and freight costs, including $3.1 billion due to tariffs.
In terms of operational performance, GM's wholesale vehicle sales totaled 3.8 million units in 2025, a decrease from 4.0 million units in 2024. The company maintained a market share of 17.2% in the U.S., reflecting a slight increase from 16.5% in the previous year. The North American segment (GMNA) generated $154.3 billion in revenue, while the international segment (GMI) contributed $13.4 billion. The company also reported a significant equity loss of $0.6 billion from its Automotive China joint ventures, primarily due to restructuring charges.
Strategically, GM has shifted its focus from the development of Cruise's robotaxi operations to enhancing its autonomous vehicle technology for personal use. In February 2025, GM acquired the noncontrolling interests in Cruise and began winding down its robotaxi operations. The company plans to invest approximately $4 billion in capital expenditures over the next two years to strengthen its manufacturing capabilities in the U.S., particularly for EVs and advanced engine technologies.
Looking ahead, GM anticipates earnings per share in the range of $11.00 to $13.00 for the year ending December 31, 2026, with net income attributable to stockholders projected between $10.3 billion and $11.7 billion. The company aims to return to its historical EBIT-adjusted margins of 8.0% to 10.0% as it navigates ongoing market challenges, including regulatory changes, supply chain disruptions, and evolving consumer preferences. GM's management remains focused on aligning its production capacity with consumer demand, particularly in the EV segment, while maintaining profitability in its internal combustion engine (ICE) vehicle offerings.
About General Motors Co
General Motors is a global automotive manufacturer designing, building, and selling trucks, cars, crossovers, and parts. It operates through segments including North America, International markets, and Cruise autonomous vehicle technology. GM offers a diverse vehicle portfolio, including electric and internal combustion engines, supported by financing services. The company emphasizes innovation, safety, and sustainability, leveraging dealer networks and software-enabled services to meet evolving customer needs worldwide.
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