General Motors (GM, Financials) lifted its full-year 2025 earnings forecast on Thursday, citing support from President Donald Trump's trade policies while absorbing up to $5 billion in tariff-related costs. The revised EBIT-adjusted guidance now ranges from $10 billion to $12.5 billion, according to a May 1 shareholder letter from the company.
GM said the outlook reflects the positive impact of the Administration's actions this week. The automaker has been in ongoing dialogue with the White House and credited the discussions with helping shape a more favorable operating environment.
In the first quarter, GM gained nearly two points of U.S. market share, kept incentives well below industry average, and maintained low inventory levels. North American margins came in at 8.8%, within the target range of 8% to 10%, despite additional Cruise expenses.
Chevrolet emerged as the fastest-growing EV brand, helping GM retain the No. 2 position in the U.S. electric vehicle market. In China, GM posted positive equity income and reported growth in both volume and share despite ongoing restructuring.
The company said nearly 1 million Americans are tied to its economic footprint through employment, dealerships, and suppliers. GM has invested $60 billion in the U.S. over the past five years and operates 50 manufacturing and parts facilities across 19 states.
Looking ahead, GM aims to expand its battery and autonomous vehicle tech stack while deploying new software-driven platforms and scaling Super Cruise and Level 3 automation. The company also plans to introduce new battery chemistries to cut costs and enhance EV profitability.
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