General Motors Stock News

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.

Kia Motors Corp. (OTC:KIMTF) has cut its 2030 electric vehicle (EV) sales target by more than 20%, becoming the latest carmaker to lower expectations amid faltering global demand and growing trade uncertainty. The South Korean carmaker now expects to sell 1.26 million battery-electric vehicles by the end of the decade, down from the 1.6 million target announced last year.

General Motors GM.N is discontinuing the Cadillac XT6 gasoline-powered three-row SUV at the end of 2025, the automaker said on Tuesday.

GM is ending production this year of the gasoline-powered Cadillac XT6 at its Spring Hill Assembly plant toward the end of this year. The automaker will continue to produce a smaller Cadillac crossover, the XT5, until at least the end of 2026.

General Motors revealed an all-electric Chevrolet Corvette concept car as part of the opening of a new design studio in England. The automaker said the car, which is a "design study" not intended to be a production model, is part of its "commitment to Europe.