Recent Updates — GM
Christopher T. Hatto, Vice President, Global Business Solutions and Chief Accounting Officer of General Motors Company, notified the company of his decision to retire, effective April 1, 2027. Mr. Hatto will continue in his role through the retirement date to support an orderly transition, with a successor principal accounting officer to be announced at a later date. The departure is not due to any disagreement regarding operations or policies. General Motors designs, builds and sells trucks, cars and automotive parts worldwide.
General Motors Company has authorized the voluntary withdrawal of its common stock from the New York Stock Exchange and its transfer to the Nasdaq Global Select Market. Nasdaq has approved the listing, which is expected to begin trading on November 17, 2026, following the cessation of NYSE trading on November 16, 2026. The company will retain the ticker symbol "GM." Concurrently, GM amended its bylaws to update director independence criteria in alignment with Nasdaq requirements. General Motors designs, builds, and sells trucks, crossovers, cars, and automobile parts.
General Motors reported third-quarter 2026 revenue of $50.0 billion and net income attributable to stockholders of $3.3 billion, driven by a 21.6% increase in EBIT-adjusted earnings to $4.1 billion. The company updated its full-year 2026 guidance, narrowing the EPS-diluted range to $9.72-$10.72 and raising adjusted automotive free cash flow expectations to $11.5-$12.5 billion. Additionally, GM's Board approved a new $20 billion multi-year share repurchase authorization after completing its previous $6.0 billion program, and declared a quarterly cash dividend of $0.18 per share payable on December 17, 2026. General Motors designs, builds, and sells trucks, crossovers, cars, and automobiles worldwide.
General Motors entered into a Master IPU Agreement with Procura Auto Parts LLC to secure critical inventory against supply chain disruptions. The program allows the company to issue irrevocable payment undertakings backed by a syndicate of banks, including JPMorgan Chase and Banco Santander, up to a $4.5 billion facility limit. Funds are advanced to suppliers who hold inventory for GM until needed, with payments due no later than August 6, 2029. Interest accrues at SOFR plus 1.55%, plus a 0.25% fee on unutilized amounts during the twelve-month availability period starting August 7, 2026. This arrangement is accounted for as a product financing transaction. General Motors designs, builds, and sells trucks, passenger vehicles, and parts globally.
General Motors reported 2026 second-quarter revenue of $48.0 billion and EBIT-adjusted of $3.9 billion. The company raised its full-year 2026 EBIT-adjusted guidance to $14.0 billion - $16.0 billion and EPS-diluted-adjusted guidance to $12.00 - $14.00. The Board of Directors declared a quarterly cash dividend of $0.18 per share, payable September 17, 2026, to holders of record on September 4, 2026. General Motors operates in the automotive industry and manufactures gasoline-powered and electric vehicles.
At its 2026 Annual Meeting, General Motors shareholders approved an amendment to the 2020 Long-Term Incentive Plan that increases the number of shares available for issuance and incentive stock options by 27 million and extends the plan's term to June 3, 2036. Shareholders also elected 10 directors, ratified Ernst & Young LLP as the company's independent auditor, and approved named executive officer compensation on an advisory basis.