General Motors (GM) said the company is raising 2026 EBIT adjusted guidance due to a favorable adjustment of approximately $0.5 billion resulting from the U.S. Supreme Court decision regarding certain U.S. tariffs that were paid under the International Emergency Economic Powers Act. The company now expects gross tariff costs of $2.5 billion to $3.5 billion in 2026, down from the original estimate of $3.0 billion to $4.0 billion. For 2026, adjusted EPS is now projected in a range of $11.50 - $13.50, revised from prior guidance range of $11.00 - $13.00. EPS is now projected in a range of $10.62 - $12.62, revised from prior guidance range of $11.00 - $13.00. EBIT -adjusted is now guided in a range of $13.5 billion - $15.5 billion, updated from prior guidance range of $13.0 billion - $15.0 billion.
For the first quarter, net income attributable to stockholders declined to $2.63 billion from $2.78 billion, last year. EPS was $2.82 compared to $3.35. EBIT-adjusted increased to $4.25 billion from $3.49 billion. EPS adjusted was $3.70 compared to $2.78. Revenue declined to $43.62 billion from $44.02 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.