Top analyst strongly resets General Motors target before earnings

U.S. EV sales rose 2.5% in August but were down 46.9% year-over-year, per Cox Automotive. Tesla unveiled the Roadster's launch date for October 1, delayed from 2020. A U.S. regulator questioned Tesla's autonomous vehicle design. Lucid and Bolt partnered on autonomous vehicles, with Lucid facing supplier and production challenges. Rivian's CEO cited supplier constraints as a production bottleneck. GM's hybrid market share lagged behind Toyota and Honda, with dealers reporting customer attrition.

GM CEO Mary Barra highlighted the growing demand for skilled trades, noting these careers may be more resilient to AI disruption. She cited high earning potential and GM's $200M investment in training programs. Barra also mentioned a broader societal issue of skilled trades being undervalued. The U.S. could face a shortage of 2.1M skilled-trades jobs by 2030, according to Fortune.

Volkswagen's shares dropped 7.5% after cutting its operating-margin forecast due to a Porsche write-down and weak Chinese demand. US auto groups, including Ford and GM members, urged Trump to maintain restrictions on Chinese BYD vehicles. GM shares fell 5%, Ford 4%, and Stellantis 5% in US markets.

General Motors (GM) shares fell 5.2% on Friday, the worst session since July 2025, due to record diesel prices and rising Treasury yields. Diesel prices exceeded $6.30 per gallon after a drone strike in Saudi Arabia, while the 10-year Treasury yield reached 5.04%. Ford Motor (F) also declined 2.9%.

General Motors (GM) delivered Patriot missile components to Lockheed Martin in three weeks, faster than traditional defense suppliers. The partnership aims to address depleted U.S. missile stockpiles and increase production. GM expects $700M in defense revenue this year, diversifying its income streams. Lockheed Martin seeks to reduce supply chain concentration and improve resilience.

GM Defense delivered Patriot missile parts to Lockheed Martin 22 days after signing a contract, aiming for $700M in defense revenue. GM also announced new V-8 engines for 2027 Silverado and Sierra pickups, with V-8s making up 55-61% of current sales.