$GM

Tesla's Roadster will use SpaceX thrusters. Rivian's 2027 vans got EPA approval with a 129 kWh battery, offering up to 355 miles of range. Lucid plans to enter the French market in 2027. Ford and Geely's JV was approved by Chinese regulators. GM's CEO defended exiting the robotaxi business, focusing on personal vehicle autonomy. Retail sentiment on Stocktwits shows bearishness for TSLA and F, neutrality for RIVN and GM, and bullishness for LCID.

Montana sued General Motors, alleging it sold drivers' data without consent. The state claims GM and OnStar collected data from 14M vehicles, selling it to brokers who resold it to insurers, affecting rates and coverage. The lawsuit seeks unspecified damages.

GM CEO Mary Barra stated on CNBC's Mad Money that the company is on track to launch eyes-off, hands-off driving by 2028, starting with the electric Cadillac Escalade IQ. GM exited the Cruise robotaxi business to focus on personal vehicle autonomy, according to Barra.

Mexico clarified that a new five-year tariff break for imported car parts applies only to automakers with existing production facilities. The decree, which cuts tariffs to zero for certain parts, was initially seen as potentially benefiting Chinese automakers. The economy ministry stated 11 eligible firms, likely including Audi, BMW, Ford, and others, meet specific criteria.

Ford (F) shares rose 2% to $12.54, while GM (GM) gained 0.7% to $84.21, and Stellantis (STLA) increased 0.35% to $4.37. Ford's Q2 2026 EPS beat estimates at $0.42, with revenue of $48.3B. Ford raised its full-year EBIT guidance to $10B-$11B. Both stocks outperformed broader market declines.

General Motors is expected to report Q3 2026 earnings on October 20, with analysts forecasting $3.63 EPS on $48.76B revenue. This represents a 29.6% YoY earnings increase despite flat revenue growth. GM has beaten estimates in the last two quarters, and shares are trading at $85.72 ahead of the report. Investors will focus on margin sustainability and EV production updates.

Global EV sales grew 20% in 2025, reaching 20M units, with 23M expected in 2026, per IEA. Tesla unveiled the Roadster, targeting 2028 production, and reported Q3 deliveries down 2% YoY. Rivian set a Q3 sales record, while Lucid cut output. GM's U.S. EV sales fell 62% YoY. Albemarle saw lithium prices drop but was upgraded by Mizuho.

NHTSA launched a recall query (RQ26003) on 535,639 GMC Sierra 1500 pickups (2022-2024) due to reports of the upper grille deflector detaching, even after a prior recall fix. The agency received 118 complaints, with 21 post-repair issues. GM's initial recall (25V-060) covered only 70,768 trucks. No injuries or crashes have been reported.

General Motors is facing a lawsuit from a former Black female employee who alleges racial and gender discrimination, including a noose-like incident. She claims the company failed to investigate or address her complaints, leading to her termination. The case was filed in a US federal court.

General Motors (GM) is using advanced simulators to test and improve its Super Cruise hands-free driving system, aiming for 'eyes-off' capability by 2028. The technology, available in over 20 GM models, allows drivers to temporarily remove their hands from the wheel. GM's goal is to offer a safe, convenient driving experience that could attract subscription-based services. Industry experts note regulatory hurdles and competition from other automakers like Ford and Tesla.