G.M. forecasts large 2026 profit rise and plans up to $6 billion buyback

General Motors said it expects a substantial rise in profits in 2026 and will buy back up to $6 billion of its stock, news that sent its shares up more than 4 percent in premarket trading. The company reported $2.7 billion in net income for 2025, down from $6 billion in 2024, and said its 2025 total was reduced by about $7.6 billion in losses tied to a pullback in its electric-vehicle strategy and lower EV production.

G.M. also reported $185 billion in revenue for 2025 as global vehicle sales fell about 5 percent to 3.8 million cars and light trucks. G.M. projected 2026 earnings of $10.3 billion to $11.7 billion, saying sales of higher-profit gas-powered pickup trucks and large sport-utility vehicles would increase.

The company said it would raise its quarterly dividend by 20 percent, to 18 cents per common share, and expects losses on electric models to decline by $1 billion to $1.5 billion in 2026 versus 2025. G.M. said its decision to pull back from electric vehicles followed the end of a $7,500 tax credit for new EV buyers.

G.M. also said it plans to introduce a more advanced Super Cruise driver-assistance system in 2028 that would allow drivers to take their eyes off the road, and that the system will use cameras, radar and laser-based sensors. “We are operating in a U.S. regulatory and policy environment that is increasingly aligned with customer demand,” Mary T.

Key Topics

Business, General Motors, Mary Barra, Super Cruise, Electric Vehicles, Ev Tax Credit