January 28, 2026
TLDR: GM posted $12.7 billion adjusted EBIT for 2025, raised its dividend 20%, and guided to $13-15 billion for 2026. The cost: $7.2 billion in EV write-downs, Factory Zero cut to one shift, and 1,100 permanent layoffs. GM built too much EV capacity too fast, admitted it, and fixed it.
Mary Barra did something unusual last week. She stood in front of investors and admitted GM had built too much EV capacity too fast for a market that wasn’t ready.
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