GM Raises 2025 Outlook; GE Also Ups Guidance

General Motors beat Q3 expectations with adjusted EPS of $2.80 and revenue of about $48.6 billion, and took a $1.6 billion EV writedown after reshaping its EV strategy following the loss of a $7,500 federal tax credit and looser emissions rules. GM raised its 2025 adjusted core profit forecast to $12.0–$13.0 billion and updated FY2025 adjusted EPS guidance to $9.75–$10.50 (narrowing GAAP EPS guidance to $8.30–$9.05), saying adjusted EBIT could top $13 billion while trimming expected tariff hit to $3.5–$4.5 billion and planning to mitigate roughly 35% of tariff exposure and use a White House MSRP offset program. Management said it is investing about $4 billion in onshoring, warned EV volumes may soften in Q4 before stabilizing in 2026, and cautioned additional EV-related charges may be needed even as cutting overcapacity and strong truck/SUV pricing should reduce EV losses by 2026; the stock jumped roughly 13–15% on the outlook. Separately, General Electric posted stronger-than-expected results with revenue up about 25% to $11.3 billion and adjusted EPS of $1.66, and it again lifted its 2025 outlook — raising revenue-growth targets to the high teens and updating operating profit guidance to about $8.65–$8.85 billion and adjusted EPS to roughly $6.00–$6.20. Analysts reacted positively, including reiterated Buy ratings on GE, underscoring investor appetite for industrials benefiting from robust aerospace services and resilient auto demand.