GM Stock Value Rises 2 Percent During Week Of February 10, 2025 – February 14, 2025

The value of GM stock increased during the week of February 10^th, 2025 to February 14^th, 2025. Shares closed the week at $48.37 per share, representing a rise of $0.98 per share, or 2.07 percent, compared to the previous week’s closing value of $47.39 per share.

By comparison, shares of GM’s crosstown rival, Ford Motor Company, increased 2.6 percent, or $0.24 per share, during the same timeframe.

GM Stock Factors

GM stock value regained a little composure this week after dropping 4 percent last week and 8 percent the week before.

Factors affecting GM stock value this week obviously include the latest Trump administration moves and tariff threats. The 25-percent import tariffs imposed on Canada and Mexico are suspended until March, though a recent data analysis indicated that the price of an average new car could rise by $5,790. Trump then announced a 25-percent tariff on all steel and aluminum imported in to the United States, also scheduled to take effect in March, which would undoubtedly increase production costs for all vehicles built in the U.S. In addition, the president floated the idea of imposing tariffs amounting to 50 or 100 percent on Canadian-built vehicles. GM currently builds the Chevy BrightDrop, the Chevy Silverado 1500 and the Chevy Silverado HD in Canada. GM said it could mitigate up to 50 percent of the added costs due to the looming tariffs.

Meanwhile, the national EV charger funding program has been suspended, while U.S. senators have proposed the elimination of the EV tax credit in addition to a $1,000 EV purchase tax to fund road maintenance.

In labor-related news, GM will pause operations for a month at its Gravataí assembly plant in Brazil, while agreeing to a partial worker layoff as the facility readjusts its production line. Closer to home, GM abruptly ended its business with long-time shipping supplier Jack Cooper Transport. On a somewhat brighter note, and without providing much detail, GM China announced a Q4 2024 sales growth of 40.6 percent compared to Q4 2023.

In addition to announcing that the Chevy Blazer EV SS would be this year’s Daytona 500 pace car, GM showcased the Chevy Blazer EV.R NASCAR prototype as its entry in a potential future EV race series.

Last but not least, the all-new Chevy Spark EUV electric crossover made its global debut in Brazil while being announced in eight South American countries, Mexico and the Middle East.

GM Stock Value Macro Factors – Strategy

General Motors continues to drive towards the mass adoption of all-electric vehicles, laying out its ambitious global future growth strategy in 2022 and once again reaffirming its commitment to deploying zero-emission and autonomous technologies around the world, despite the recent election results. GM has also announced several major investments, including a massive $7 billion for its Michigan-based production facilities that includes $4 billion to convert the Orion Township plant for production of the new Chevy Silverado EV and Sierra EV and $2.5 billion for a third Ultium Cells battery plant. The $7 billion investment is the largest single investment in GM history, and prompted responses from the White House, among other groups. More recently, the Department of Energy finalized a $2.26 billion loan to build a new lithium mine in Nevada under a GM joint venture.

Earlier this year, GM finalized an $18.6 billion deal with LG Energy Solution to secure hundreds of thousands of tons of cathode materials for battery production. GM CEO Mary Barra has stated that production of the automaker’s battery modules has increased 300 percent in the last six months. General Motors and Samsung SDI recently finalized a deal to build a new EV battery production plant in Indiana. GM has also signed a multi-billion-dollar agreement to secure new supplies of synthetic graphite material for EV battery production.

However, during the Investor Day presentation on October 8^th, 2024, GM announced that it’s dropping the Ultium brand as it relates to its battery and drive motor technology, while more recently, GM announced that it is selling its stake in a third Ultium Cells plant to partner LG Energy Solution, with the company CFO stating that another plant wasn’t needed.

GM has also announced a round of investments totaling $918 million benefitting four GM’s U.S.-based production facilities, including $579 million for the GM Flint Engine plant in Michigan, $216 million for the GM Bay City GPS plant in Michigan, $68 million for the GM Rochester plant in New York, and $55 million for the GM Defiance plant in Ohio. The investments will support production of GM’s next-gen Small Block V8 gasoline engine, as well as EV production.

Further investments include $1 billion for two Flint-area GM production facilities and a C$280 million investment for the GM Oshawa plant in Canada, all of which will support next-gen HD truck production, plus a $500 million investment for the GM Arlington plant to support-next-gen SUV production, $632 million for the GM Fort Wayne plant to support next-gen ICE-based pickup production, as well as $920 million for the DMAX plant in Brookville to support next-gen ICE-based HD truck production. Additionally, the Biden administration has announced a $500 million grant to support EV production at the GM Lansing Grand River plant in Michigan.

Outside the U.S., GM has announced a $1.4 billion investment cycle for Brazil, the largest and most commercially strategic country in South America.

GM has said its EV business will be “solidly profitable” by 2025 and that its digital retailing platform for EV sales would save the company $2,000 per vehicle. It also expects to double its revenue by 2030 through new software platforms and connectivity, while adding 50 new in-vehicle digital services by 2026, creating a wealth of new potential revenue streams. The automaker’s Winning with Simplicity initiative is increasing efficiency and profit, with examples of savings such as the deletion of 2,700 unique parts. GM also expects to save upwards of $6,000 per EV unit through the use of new LFP battery technology.

Back in 2020, GM CEO Mary Barra shared the company’s plan to launch a total of 30 new electric vehicles globally by 2025, with a total investment of $7 billion. To put that in perspective, 40 percent of GM’s offerings will be fully electric by the end of 2025, compared to just three percent in 2021. GM CEO Mary Barra has also stated that General Motors could catch up to Tesla in EV sales by 2025, while announcing plans to build a new network of charging stations across the U.S. GM will adopt the North American Charging Standard starting in 2025. GM EVs now have access to the Tesla Supercharger network.

That all said, The General is now shifting its electrification strategy. GM scrapped its goal of production 400,000 EVs by mid-2024, with plans to instead build between 200,000 and 300,000 EVs in North America during the 2024 calendar year, and revising that number to about 200,000 units produced by the time the 2024 calendar year comes to a close. GM is also eyeing a change to its 1-million EV production capacity target. Cadillac has announced it will not fully transition to all-electric powertrains by 2030 as originally anticipated, but it will not offer plug-in hybrids in North America like GM’s other brands. An encouraging sign is a massive 192-percent increase in GM EV sales during Q3 of the 2024 calendar year, led by the Chevy Equinox EV.

GM’s Cruise LLC autonomous vehicle division previously announced a pause of its driverless operations across all its fleets following the state of California’s decision to suspend the robotaxi company’s driverless permits while the NHTSA investigates, among other incidents, an accident during which a Cruise AV ran over and dragged a pedestrian before coming to a stop. Cruise was given a $112,500 fine as a result of the incident, and was forced to pay a $500,000 fine for submitting a false crash report. Cruise has also released an independent study explaining what happened, and the city of San Francisco filed a lawsuit targeting Cruise’s AV fleet. Cruise recently reached a settlement with the pedestrian trapped underneath the AV in the accident. However, GM has since announced that it will refocus Cruise on personal vehicles, abandoning plans to develop a fleet of fully autonomous robotaxis. The announcement took Cruise employees by surprise, and prompted Microsoft to file an $800 million impairment charge. In February 2025, GM announced having taken full ownership of Cruise, with a round of layoffs expected.

Some investors are coming around to GM, with Fitch Ratings has upgrading its rating for GM and GM Financial from BBB- to BBB, indicating the credit agency believes GM has a low chance of default. Morgan Stanley has also announced that it was upping its GM stock target price from “underweight” to “equal weight.”

Finally, The General is also cutting its workforce in China, while a new president has been appointed at the SAIC-GM joint venture amid a restructuring effort. The automaker previously announced that sales figures for its GM China operations dropped 21 percent in the third quarter of 2024.

In June of 2024, GM’s Board of Directors approved an additional $6 billion share buyback program.

GM has also announced that it is moving its global headquarters to the new Hudson’s Detroit development in downtown, while GM CEO Mary Barra has expressed confidence that a solution will be found for the GM Renaissance Center the automaker will vacate next year.

GM Stock Value Macro Factors – Sales

GM’s Q4 2024 sales increased 21 percent in the United States, reaching 755,160 units with gains across all brands, an increase of 21 percent. EV sales jumped 50 percent during the quarter, roughly doubling the automaker’s market share over the course of the year.

GM’s Q3 2024 sales figures were highlighted by a 2.2-percent overall decreased in the U.S. market, though three out of the four GM brands actually posted gains. The good news was a sharp rise in EV sales, increasing by 60 percent year-over-year and by 46 percent compared to Q2 2024.

GM’s Q2 2024 sales figures were highlighted by a slight 0.6-percent increase in the U.S., with sales rising at Buick and GMC, but declining at Chevrolet and Cadillac. Total sales for the quarter amounted to 696,086 units.

GM’s Q1 2024 sales figures were highlighted by a 1.5-percent decrease to 594,233 units for the quarter. Sales increased at Buick, but decreased at Chevy, Cadillac, and GMC brands. Q1 recorded 256 deliveries for BrightDrop, as well. GM Envolve (fleet) sales fell 23 percent.

GM’s Q4 2023 sales figures were highlighted by a 0.3-percent increase to 625,176 units for the quarter. Sales increased at Buick, but decreased at Chevy, Cadillac, and GMC brands. The General has also released final sales figures for the 2023 calendar year, which were up 14-percent to 2,549,698 units.

GM Q3 2024 Global Deliveries

Vehicle sales in hundreds of thousands of units (000)

	Q3 2024 / Q3 2023	Q3 2024	Q3 2023
Global Deliveries	-8.8%	1,475	1,617
North America	-0.8%	790	796
- U.S.A	-2.1%	660	674
Asia/Pacific, Middle East and Africa	-17.8%	576	701
- China	-21.4%	426	542
South America	-8.3%	110	120
- Brazil	-5.7%	82	87

GM Stock Value Macro Factors – Earnings

GM’s Q3 2024 earnings were headlined by $3 billion in profit on $48.7 billion in revenue, which, compared to Q3 of 2023, show a slight decrease in net income and a 10.5 percent increase in revenue. The Q3 2024 performance also represents a net income margin of 6.3 percent, while earnings per share (EPS) diluted was $2.68, up by $0.48 from $2.20 during Q3 of 2023.

GM’s Q2 2024 financial results were headlined by $48.0 billion in revenue, net income attributable to stockholders of $2.9 billion, and EBIT-adjusted of $4.4 billion. GM also updated its 2024 full-year earnings guidance, with anticipated capital spending of $10.5 billion to $11.5 billion, including investments into the company’s battery cell production.

GM’s Q1 2024 earnings were headlined by $2.9 billion in net income on $43 billion in revenue, a 24.4-percent increase in net incoming and 7.6-percent increase in revenue compared to Q1 of 2023. The performance included a net income margin of 6.9 percent, which was up 0.9 percent from 6.0 percent in Q1 or the 2023 calendar year. Meanwhile, Earnings per Share (EPS) diluted increased to $2.56, a jump of $0.87 from $1.69 during Q1 of 2023.

GM’s Q4 2023 earnings were headlined by $2.1 billion in income and $43 billion in revenue, representing a 5.2-percent increase in net income and 0.3-percent decrease in revenue. Earnings for the 2023 calendar year amounted to $10.1 billion in income and $171.8 billion in revenue. The performance represents a net income margin of 4.9 percent, a decrease of 0.3 percentage points from 4.6 percent in Q4 of 2022. Earnings per share (EPS) diluted was $1.59, up $0.20 from $1.39 compared to Q4 2022.

GM’s Q3 2023 earnings report on October 24^th highlighted $3.1 billion in net income on $44 billion in revenue, representing a 7.3 percent decrease in income and a 5.4 percent increase in revenue compared to the third quarter of 2022. GM’s EBIT-adjusted earnings were $3.5 billion, a 16.9 percent or $723 million drop compared to the $4.28 billion figure announced over the same period last year.

GM Q3 2024 Earnings Summary

METRIC	UNIT	Q3 2024	Q3 2023	CHANGE	% CHANGE
GM FINANCIAL EBT-ADJUSTED	MILLION USD	$687	$741	-$54	-7.3%
GAAP METRICS
NET REVENUE	BILLION USD	$48,757	$44,131	+$4,626	+10.5%
NET INCOME ATTRIBUTED TO STOCKHOLDERS	BILLION USD	$3,056	$3,064	$-8	-0.3%
NET INCOME MARGIN	PERCENT	6.3%	6.9%	-6 PPTS	N/A
EARNINGS PER SHARE (EPS) DILUTED1	USD PER SHARE	$2.68	$2.20	+$0.48	+21.8%
NON GAAP METRICS
EBIT-ADJUSTED	BILLION USD	$4,115	$3,564	+$551	+15.5%
EBIT-ADJUSTED MARGIN	PERCENT	8.4%	8.1%	+0.3 PPTS	N/A
AUTOMOTIVE OPERATING CASH FLOW	BILLION USD	$7,863	$6,794	+$1,069	+15.7%
ADJUSTED AUTOMOTIVE FREE CASH FLOW	BILLION USD	$5,834	$4,910	+$924	+18.8%
EPS DILUTED - ADJUSTED1	BILLION USD	$2.96	$2.28	+$0.68	+29.8%
DELIVERIES	MILLIONS OF VEHICLES	1,475	1,617	-142K	-8.8%
GLOBAL MARKET SHARE (IN GM MARKETS)	PERCENT	8.1%	9.0%	-0.9 PPTS	N/A
DIVISIONAL RESULTS
GM NORTH AMERICA EBIT-ADJUSTED	BILLION USD	$3,982	$3,526	+$456	+12.9%
GM INTERNATIONAL EBIT-ADJUSTED	MILLION USD	$42.0	$357	-$315	-88.2%
GM CHINA EQUITY INCOME	MILLION USD	-$137	$192.0	-$329	-171.4%

GM Stock Value Macro Factors – Products

GM is now pivoting to all-electric power, debuting several important new EV models, including the 2025 Cadillac Escalade IQ, the 2024 Chevy Equinox EV, the 2024 GMC Sierra EV Denali Edition 1, the 2024 Chevy Blazer EV, the Cadillac Celestiq, the 2025 Cadillac Optiq, and the 2026 Cadillac Vistiq. GM Energy is also launching new Ultium Home charging bundles. Over in China, consumers are embracing the all-new Buick Electra E5 electric crossover with more than 8,000 orders pouring in over the first 10 days it went on sale. GM Senior Vice President and President of Global Markets leadership team Marissa West said the upcoming 2026 Chevy Bolt EV will be the most affordable electric vehicle in the U.S. when it launches in 2025.

During the Q3 2023 earnings presentation, CEO Mary Barra stated that adjustments to the automaker’s software integration strategy would require pushing back the launch of the Chevy Equinox EV, Chevy Silverado EV RST and GMC Sierra EV Denali by a few months. On October, 25^th, Honda announced that it was no longer collaborating with GM on affordable electric vehicles, a plan that was initially announced in April 2022.

However, the automaker still has a wealth of ICE-powered vehicles on offer, unveiling its new flagship heavy duty off-roader model, the Chevy Silverado HD ZR2 and Chevy Silverado HD ZR2 Bison. Further ICE-based reveals include the 2024 Buick Envista crossover, the all-new 2025 Buick Enclave, the all-new 2023 Chevy Colorado, the 2023 Chevy Tahoe RST Performance Edition, the refreshed 2024 Chevy Silverado HD, the 2024 Chevy Trax crossover, the 2024 GMC Sierra HD, the all-new 2023 GMC Canyon, the GMC Canyon AT4X AEV Edition, the new 2024 Corvette E-Ray, the new 2025 Corvette ZR1, the 2025 Cadillac CT5, the 2024 GMC Acadia, the refreshed 2025 Chevy Tahoe and 2025 Chevy Suburban, the 2025 Chevy Equinox, the 2025 Chevy Silverado HD Trail Boss package, and the refreshed 2025 Cadillac Escalade.

In August 2024, GM confirmed that the BrightDrop Zevo would become the Chevy BrightDrop. In addition, the much-anticipated Chevy Equinox EV has now arrived in dealers and customer deliveries are under way.

GM Stock Value Macro Factors – Events

Following the announcement of Q4 2024 earnings and updated guidance for 2025, GM stock fell 8 percent as a result of fears that GM’s strategy does not provide a cushion for possible tariffs implemented under President Trump, or fluctuating demand and government support for EVs. U.S. Transportation Secretary Sean Duffy has directed the NHTSA to reconsider fuel economy rules covering new vehicles produced through 2031 model years. Nevertheless, GM insists that it has a plan if hefty tariffs are implemented, and has set an EV wholesale target for the year.

The Trump administration paused the implementation of new tariffs on goods imported from Mexico and Canada for roughly 30 days in light of concessions made by both countries to increase border security. Meanwhile, the UAW has criticized the Trump administration for its using autoworkers like “pawns” in trade negotiations. The Trump administration has also suspended the DOT’s EV infrastructure efforts pending further review.

GM Stock Value Micro Factors

In legal news, GM is facing allegations that the automaker broke privacy laws by selling driver data to data brokers, which in turn sold that data to insurance companies. More than 25 new class action lawsuits have been filed against GM over the automaker’s data collection practices.

In 2024, GM stock opened in January around $35 per share, rising to a little over $39 per share in February and opening over $40 per share in March. Stock value was up to $45.13 by April, falling slightly to $44.50 in May and rising to $44.96 in June and $46.68 in July. Stock value opened at $44.61 in August and $49.15 in September, edging towards the $50-per-share mark before opening at $51.15 per share in November. GM stock is now well into the mid-$50-per-share mark in December of 2024.

In January of 2025, GM stock opened at $53.32, but fell to $46.50 by the start of February.