General Motors reported a 22% increase in profits for the first quarter of 2025, driven by robust sales of trucks and SUVs in the U.S., even as fuel prices soared.
The automaker also raised its 2026 profit outlook by $500 million, a figure that aligns with the expected financial impact of the U.S. Supreme Court’s decision to strike down the Trump administration’s tariffs.
Global oil prices surged in March due to the war in Iran and broader turmoil in the Middle East, triggering a sharp increase in electric vehicle purchases worldwide.
In other automotive news:
- Caterham will debut a limited-edition Seven R at the Formula 1 Miami Grand Prix this weekend. Only 12 units of the lightweight blue sports car will be produced.
- Foreign automakers have threatened to withdraw their economy models from the U.S. market if a trade deal with Mexico and Canada is not finalized.
- Bollinger’s assets are set to be auctioned following the company’s collapse.
- The next-generation Alfa Romeo Giulia and Stelvio will now launch in 2028 on the STLA Large platform, featuring both electric and hybrid powertrains.
- Rivian CEO RJ Scaringe earned a record $402.6 million in 2025, including $373 million in option awards, $26 million in stock awards, and $1.1 million in salary. Most of the compensation was tied to performance targets.
- Mercedes-Benz will reintroduce physical toggles and buttons on steering wheels, despite doubling down on digital screens as the future of vehicle interfaces.
Got a news tip or feedback? Contact us at [email protected].
Related articles
Dealer Trades 2023 Cadillac Escalade with 510,000 Miles for New Toyota Sequoia: What Really Happened?
Lots of things can send a new car purchase skidding off the road into the underbrush of absurdity. Sometimes it’s dealer shenanigans; other times, it’...
Turquoise Lights: The Global Standard for Self-Driving Cars Emerges from Mercedes and China
Mercedes first used turquoise lights to show autonomous mode active. GM will fit the same turquoise signal to the Escalade IQ system suite. China plan...
HWA Unveils Limited-Edition EVO R Tribute to 1990 Mercedes 190E Evo II with 552 HP
Track days just got a little more interesting thanks to HWA’s new EVO R. Designed for customers, the car is heavily influenced by the EVO.R racer. Onl...
Mini Considers Reviving the Rocketman Concept with a Smaller, Safer Urban EV
The 2011 Rocketman concept could inspire a pint-sized Mini. Mini’s design chief notes building small cars isn’t easy nowadays. Such a vehicle would ne...
Subaru Delays In-House EV Plans to 2028+ as US Demand Slows
Subaru is delaying its first real in-house EVs as American demand cools. Up to four self-developed electric models have lost their 2028 launch window....
Lexus TZ 2025: The Quiet Luxury EV Redefining Three-Row SUVs with Highlander EV Platform
Lexus’ TZ sits unusually low for a three-row, chasing efficiency and composure. The ultra-quiet cabin feels genuinely luxurious despite a few odd mate...
Chevrolet Ends Production of Legendary LS9 Supercharged V8 from C6 Corvette ZR1
If you were hoping to stuff a Chevrolet LS9 in your Honda Fit or custom rat rod, I hope you already placed an order for one. According to several repo...
Corvette Engineer Tony Roma Vows Return to Nürburgring After Ford Mustang GTD Sets New Record
For a moment the Chevrolet Corvette was the fastest American car ever to run the Nürburgring. In August 2025, a 1250-horsepower ZR1X, driven by Chevy...