GM Raises Outlook as Strong Truck Demand Dulls Tariff Pain [View all]

[lostincalifornia]

"General Motors Co. raised its full-year outlook and posted third-quarter results that topped Wall Street estimates on better—than-expected pickup truck sales and fresh relief from the Trump administration’s tariffs on auto parts.

Adjusted earnings before interest and taxes will be $12 billion to $13 billion in 2025, the automaker said in a statement on Tuesday. That’s up from a previous range of $10 billion to $12.5 billion. The bullish outlook comes as GM has seen a jump in sales of high-margin gas-powered SUVs and trucks partly enabled by swings in federal emissions policy.

In a letter to shareholders, Chief Executive Officer Mary Barra thanked President Donald Trump for extending through 2030 a tariff discount on some imports for carmakers that produce and sell completed automobiles in the US. “GM is very well positioned as we invest to increase our already significant domestic sourcing and manufacturing footprint,” she said."

.........

The forecast shows how GM is managing disruption from the White House in areas ranging from emission penalties and electric vehicle subsidies to levies on imports of components and vehicles. Those changes have further undercut an already wavering initiative undertaken to electrify GM’s fleet by 2035 in a bid to better compete with Tesla Inc. and fast-growing Chinese rivals. Earlier this month, GM said it booked a one-time charge of $1.6 billion to restructure its struggling EV business."

https://www.bloomberg.com/news/articles/2025-10-21/gm-raises-outlook-as-strong-truck-demand-dulls-tariff-pain?srnd=homepage-americas

Let me understand this, because of the sociopath in the White House, GM and other American auto manufacturers will now be increasing their production of large ICE, and de-emphasizing electric and clean energy vehicles.

In other words by all appearances the U.S. is ceding clean energy production to Europe and Asia, and it will be the U.S. that will be left behind the rest of the world.

Does anyone recall what happened in the 70's? The US auto industry faced significant losses to foreign automakers because of the consumer shift to more fuel-efficient vehicles.

I won't be surprised if history repeats itself, and it will be much more brutal this time, because in all areas this administration is moving the country backwards by at least 70 years, and the damage done by this administration will be very difficult for us to catch up as the rest of the world moves ahead and leaves us behind.