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CLAIM #28206 · General Motors Company (GM) · 2025Q3 earnings call · Oct 21, 2025 · due Dec 31, 2026

And that's where we feel comfortable that we -- I believe, we can get our net tariffs to lower than what they are in 2025.

Paul Jacobson · CFO

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
we can get our net tariffs to lower than what they are in 2025
Reported
our gross tariff costs are now expected to be $2.5 billion to $3.5 billion for the year, down from our original guidance of $3 billion to $4 billion

How to check this claim

Look at: Net tariff cost/impact to the company (as disclosed by management, e.g., net tariff exposure in dollars or per-unit cost)

It came true if: Reported/disclosed net tariff impact for fiscal year 2026 lower than the net tariff impact reported for fiscal year 2025

Where: Company earnings releases and management commentary on tariff impact (10-K/10-Q disclosures and quarterly earnings calls)

In context

ned inventory and incentive approach that we've taken across the board. So that continues to bode pretty well for us. On the manufacturing footprint piece, we have some of those savings. If you recall, we announced an increase in the line rate in Fort Wayne, that's given us a little bit more utilization there that has flowed through. But the bulk of that is really going to be when the capital expenditures that we announced this year start to take effect in late '26, early '27 time frame. And then the third bucket is fixed cost. So I think we've done well to be disciplined there. We've seen a flattening of the curve pretty much, and I think we're maintaining that discipline. So all of those things we expect will hold into 2026 and the manufacturing footprint bucket can expand a little bit. And that's where we feel comfortable that we -- I believe, we can get our net tariffs to lower than what they are in 2025. And you're correct that there's no impact right now on any Korean changes in our guidance. We're still waiting for that to be finalized. Dan Levy: Okay. Great. As a follow-up, I wanted to ask about EVs. And wondering, you've talked about the opportunity for improving some of the EV -- reducing some of the EV losses that you have. Maybe you could just give us a sense of what you might be assuming or the parameters on whether it's improved -- reduced overhead spend, reducing some of the EV sales. And then how do we think about the EV lineup in this environment when on a true economic basis, presumably most of those vehicles have had problems or challenges on a variable profit basis, how you think about the need to sell those vehicles if you don't have the regulatory requirements out there?

Verify independently

SEC filings for GM · Claim quote is verbatim from the 2025Q3 earnings call.