Harvey Rory sold $775K of GM

The U.S. Supreme Court invalidated Trump IEEPA tariffs, leaving the administration to refund about $166 billion. By Aug. 4, refunds exceeded $100 billion. Apple received $2.19 billion, Amazon $600 million, and others including Walmart ($2.4B), Ford ($1.3B), GM ($500M), and Costco (~$2B) are expected to receive large checks. New Section 301 tariffs may affect prices.

General Motors said it and SAIC will extend their 50-50 SAIC-GM joint venture through 2047. The JV plans at least 30 new-energy (EV and hybrid) models by 2030 using Chinese platforms and software, with China serving as GM’s engineering and export hub for Buick and Cadillac. Chevrolet will exit China retail, shifting to export-only.

SAIC Motor and General Motors renewed their SAIC-GM joint venture on Aug. 5, extending it 20 years to 2047, according to the companies. SAIC-GM said the deal supports China-led user insights, R&D, manufacturing and supply-chain efficiency, with electrification focus and a target of 30 new energy vehicles by 2030. It reported NEV sales near 50,000 units in Jan-Jun 2026, up 81% YoY, and seven straight quarters of profit.

General Motors will extend its 50-50 China joint venture with SAIC, renewing the SAIC-GM partnership through 2047, according to GM. The venture had been set to end next year. GM says SAIC-GM returned to profitability in 2025 and produced about 521,000 vehicles. The 2025 restructuring cut capacity and inventory and shifted development toward EVs and hybrids.

General Motors said it and SAIC Motor will extend their SAIC-GM joint venture for 20 years, keeping it operating through 2047. The renewed partnership, started in 1997, will focus on locally developed technology and new-energy vehicles. SAIC-GM targets at least 30 NEVs by 2030, including Buick and Cadillac models, and plans to export the Buick Electra E7 starting in October.

General Motors (GM) and SAIC Motor plan to extend their SAIC-GM joint venture for 20 years to 2047, according to the companies. GM and joint ventures delivered about 1.9 million vehicles in 2024, up 2.3%, and sold nearly 1 million new energy vehicles. SAIC-GM targets at least 30 new energy vehicles by 2030 and plans to export Buick Electra E7 starting October.