General Motors CompanyNYSE: GM

On June 16, 2026, General Motors announced a new defense partnership with Lockheed Martin as the U.S. ramps up production of weapons, with company executives saying the deal was facilitated by the U.S. Department of Defense. GM shares rose more than 1% in after-hours trading following reports of the talks to supply weapons parts to Lockheed. The partnership opens a new revenue avenue for GM beyond autos and aligns with broader strategic expansion into digital infrastructure and defense contracts. It comes against a backdrop of GM posting a 12% sales gain through the first half of the year while mitigating tariff effects. Risks remain around an ongoing UAW strike threat to truck production, a recall of nearly 600,000 U.S. vehicles for a potential engine-failure issue, and a $1.6 billion Q3 charge tied to revamping its EV strategy after federal EV tax credits ended.

General Motors announces new defense partnership with Lockheed Martincnbc.comGeneral Motors Co (GM) Stock Price & Newsgoogle.com

General Motors stock climbed over 1% in after-hours trading following reports that the company is in talks to supply weapons parts to Lockheed Martin, a move that would extend GM beyond its core auto business into the defense supply chain. The report adds to a recent strategic pivot that also includes a new sodium-ion partnership targeting grid-scale energy storage. GM's underlying auto business remains strong, with Q1 2026 EPS of $3.70 beating the $2.61 estimate by nearly 42%. Why it matters: diversification into defense and energy storage could open new high-margin revenue streams and reduce reliance on cyclical vehicle sales. The risk is that these are early-stage talks and partnerships that may not materialize into meaningful revenue. Next earnings are expected July 21, 2026.

General Motors Company (GM) Stock Price, News - Yahoo Financefinance.yahoo.comGM Stock Quote Price and Forecast - CNNcnn.com

No material news in the last 48 hours.

No material news in the last 48 hours.

On May 20, GM was the focus of a Motley Fool feature noting the automaker is 'cranking up U.S. investments again,' with an additional $300M earmarked to expand transmission capacity at a Detroit-area plant, on top of a $300M commitment late last year. Total U.S. manufacturing investment since 2025 now exceeds $6B. GM shares closed up 4.83% at $76.14 on May 20. The company also raised its 2026 EBIT-adjusted guidance by $500M to $13.5-$15.5B, tied to expected refunds from a Supreme Court ruling striking down some Trump-era tariffs, though it now expects $1.5-$2B in raw materials, chip, and logistics headwinds. BofA Securities raised its price target to $106 from $105 with a Buy rating; consensus 12-month target is $94.08.

GM Is Cranking Up U.S. Investments Again. This Time, It's Great News.fool.comBofA Raises GM Stock Price Target, Keeps Buy Ratinggmauthority.comGM cutting up to 600 white-collar jobs, even as it seeks tech talentdetroitnews.com

General Motors shares declined approximately 5% for the week ending May 15, 2026, closing at $74.86 per share. The drop was driven by news that the automaker is cutting 500 to 600 information technology jobs globally as it pivots toward AI-focused talent. GM also agreed to a $12.75 million settlement of a California privacy lawsuit over OnStar driver data sharing with insurance brokers, with more than 25 additional class actions pending. Strategically, GM has slowed Ultium battery production goals and abandoned its next-generation electric truck program, shifting back toward hybrids. BofA Securities raised its GM price target to $106 from $105 while maintaining a Buy rating earlier in May.

GM Stock Value Falls 5 Percent Week Of May 11, 2026 To May 15, 2026gmauthority.comGM cutting up to 600 white-collar jobs, even as it seeks tech talentdetroitnews.comGM Stock Slips After Layoff News But the Bigger Story Is Underneathprimaryignition.com

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On May 11, GM disclosed layoffs of 500-600 IT employees (more than 10% of the IT department) in Austin and Warren as the automaker pivots toward AI-skilled hires, with roughly 80 open IT positions in AI, motorsports and autonomous vehicles. Shares closed the week of May 11-15 down 5% at $74.86 after rising 4% the prior week to $78.80. BofA raised its price target from $105 to $106 while keeping a Buy rating; Morgan Stanley upgraded to Overweight and Piper Sandler raised to Overweight with a $98 target. GM settled a California data privacy lawsuit for $12.75M tied to covert sales of driver location data to Verisk and LexisNexis, carrying a five-year ban on selling driving data. Chief Growth Officer Norm de Greve confirmed he will leave next month. The company previously raised its 2026 core profit outlook by $500M to $13.5B-$15.5B.

GM cutting up to 600 white-collar jobs, even as it seeks tech talentdetroitnews.comGM Stock Value Falls 5 Percent Week Of May 11, 2026 To May 15, 2026gmauthority.comBofA Raises GM Stock Price Target, Keeps Buy Ratinggmauthority.com

General Motors disclosed plans to cut about 500-600 salaried employees from its information technology department to lower costs and reshape the team, with managers notifying affected workers starting Monday. The action follows continued EV demand challenges that have weighed on the financial outlook; GM recorded $7.6B in EV-related charges in 2025, including a $6B writedown tied to scrapping EV production plans and canceling battery supply contracts. GM also indefinitely suspended plans to refresh its full-size electric truck and SUV lineup (Chevy Silverado EV, GMC Sierra EV, Hummer EV, Cadillac Escalade IQ). The Ohio battery plant restart date remains uncertain. Stock priced at $77.00. Risk: EV market softness vs Ford competitive pressure.

General Motors (GM) Stock Sinks after Automaker Announces 600 IT Job Cutstipranks.comGM suspends next-gen electric truck indefinitely as it retreats to gaselectrek.coGM News Today | Why did General Motors stock go down today?marketbeat.com

On May 11, 2026, General Motors announced plans to lay off roughly 500-600 white-collar IT workers globally as part of a restructuring that simultaneously hires for AI-native development, data engineering, cloud and agent/model development. Affected employees began receiving notification emails Monday, with severance details now circulating in coverage on May 12. The news pulled GM down to about $76.06 on May 13 from $78.80 on May 8, leaving shares down roughly 12% from their January year-to-date high. The cuts come on top of a top marketing executive departure earlier in May and a recent Q1 2026 print that beat estimates with EPS of $3.70 on $43.6 billion of revenue, alongside raised full-year EBIT-adjusted guidance and a narrowed gross tariff cost range of $2.5-$3.5 billion (down from $3.0-$4.0 billion). Analyst consensus remains Moderate Buy at a roughly $93 average target.

GM to Cut Hundreds of White Collar Workers in IT Overhaulbloomberg.comGM just laid off hundreds of IT workers to hire those with stronger AI skillstechcrunch.comLaid-off GM employees tell of ominous email, severance and role of AIcnbc.com

General Motors began notifying about 500-600 salaried IT employees of layoffs starting May 11 as part of a department restructuring aimed at cutting costs, even as GM continues to hire selectively in AI, motorsports, and autonomous vehicles. Separately, GM agreed to a $12.75M settlement of a California privacy lawsuit alleging unauthorized sales of driver data. The cost-cutting comes against a backdrop of strategic retrenchment in EVs - GM indefinitely suspended next-generation electric truck/SUV refreshes (Silverado EV, Sierra EV, Hummer EV, Escalade IQ) after $7.6B in 2025 EV-related charges. The Ultium Cells JV with LG is starting a partial restart of its idled Ohio EV battery plant.

GM to Cut Hundreds of White Collar Workers in IT Overhaulbloomberg.comGM cutting hundreds of salaried IT workers as it trims costscnbc.comGeneral Motors (GM) Stock Sinks after Automaker Announces 600 IT Job Cutstipranks.com

General Motors announced layoffs of approximately 500-600 salaried IT employees on May 11, 2026, primarily in Austin, Texas and Warren, Michigan, as part of a strategic shift toward AI and software development. The company also agreed to a $12.75M settlement over OnStar driver-data privacy violations. Senior VP and Chief Growth Officer Norm de Greve will leave the company next month. Despite the news, shares closed the prior week up 4% at $78.80, but fell 4.5% to $75.29 on May 11. BofA raised its PT to $106 (Buy), and Morgan Stanley upgraded to Overweight. GM also benefited from a Supreme Court tariff ruling that lowered expected gross tariff costs to $2.5B-$3.5B from the original $3.0B-$4.0B estimate.

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GM shares closed at $78.80 on May 8, up 4.0% for the week, after BofA Securities lifted its price target to $106 from $105 with a Buy rating. The company is facing more than 25 new class action lawsuits over selling driver data to brokers that resold it to insurance companies. President Trump announced a 25% tariff on European car imports, though GM lowered its expected gross tariff cost to $2.5B-$3.5B (from $3.0B-$4.0B) following a favorable Supreme Court ruling. GM's top marketing executive (CGO Norm de Greve) is departing next month after three years. The board previously approved a 20% dividend hike and a new $6.0B share repurchase authorization. Risk: tariff exposure remains material and the data privacy litigation could result in significant settlement costs.

GM Stock Value Up 4 Percent Week Of May 4, 2026 To May 8, 2026gmauthority.comBofA Raises GM Stock Price Target, Keeps Buy Ratinggmauthority.comGeneral Motors is losing a top marketing executivedetroitnews.com