General Motors Stock News

General Motors Company (NYSE:GM) has been downgraded to ‘Neutral' from ‘Buy' by analysts at UBS, who also slashed their price target on the automaker to $51 from $64 to reflect the impact of tariffs on cost structure and auto demand. For 2025, the analysts now assume General Motors' North America volumes will decline 9% year-over-year, down another 4% in 2026.

General Motors said Thursday that it is temporarily laying off hundreds of workers at its all EV-plant in Detroit, Michigan, in response to market dynamics.

About 200 workers at the plant will be temporarily laid off, according to a company source. The move is not related to recently imposed auto tariffs, according to the source.

Goldman Sachs on Thursday cut its estimate for automobile sales in the U.S. for this year by nearly 1 million units, as President Donald Trump's tariffs make it more expensive to buy a vehicle.

General Motors is laying off workers at its all-electric Factory Zero plant in Detroit where it is adjusting production "to align with market dynamics," the company said Thursday.

General Motors Co. is facing higher costs and lower demand that may eat into the auto giant's profits under the tariff program imposed by President Donald Trump, UBS analysts said Thursday.

With an S&P 500 bear market underway, there are plenty of "discounted" stocks to be found. President Donald Trump's tariff strategy could cause inflation to surge, and many experts see the chances of a U.S. recession in 2025 as much higher than they were a few months ago.

The specifics of those plans are chilling for the auto industry's 2025 profits. As of April 3, a 25% tariff is now in effect on any vehicle not assembled in the United States.