Says inventories down about 10% y/y at end of June. Sees calendar year 2026-27 spend $10B-$12B. Says making “steady progress” on Super Cruise. Expects Super Cruise revenue to double in 2026. Says “embracing AI” across the enterprise. Reports sustained China auto JV profitability and 2nd consecutive quarter of YoY sales growth. Overall sales up 20% and NEV sales up 50% YoY; debuted a PHEV version of the Buick GL8. Says EV production continues to be “North Star.” Comments taken from Q2 earnings conference call.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GM:
- General Motors Reports Stable Q2 2025 Financial Results Despite Revenue Dip
- GM Earnings: General Motors Stock Falls on Tariff Concerns Despite Q2 Beat
- General Motors says resumed open market repurchases in July
- General Motors backs calendar 2025 gross tariff impact view $4B-$5B
- Options Volatility and Implied Earnings Moves Today, July 22, 2025