General Motors Stock News

GM is temporarily halting production of its electric commercial van through October 2025 at its assembly plant in Ontario amid slow sales, the company and union said. The Detroit automaker is temporarily laying off 1,200 workers at the plant as a result, according to Unifor, the union representing workers at the plant.

A new analysis by the Center for Automotive Research has found that President Donald Trump's 25% auto tariffs imposed in early April will increase costs by about $108 billion for automakers in the U.S. in 2025.

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.