Kilowatt: A Podcast about Electric Vehicles · 918Digital

GM's Q3 2025 Earnings Call

·41 min·4 clips

GM records a $1.6 billion charge as it transitions Orion Assembly from EV to ICE production amid lower EV adoption.

GM opens in full investor-call mode. Ashish Kohli brings in Mary Barra, Paul Jacobson, and Susan Sheffield, then the forward-looking warnings and SEC risk language do their usual lap. After that, the call gets more interesting. A question on tariff mitigation and changing emissions regulation lets management explain where GM sees room to move. The answer is not anti-EV. It is more practical than that, which is why the host latches onto it. If regulations loosen next year, GM expects to keep selling internal combustion vehicles longer than the old EV-forward story suggested. Equinox demand becomes one example. Fairfax comes up as a place where Equinox production could help meet demand GM is not serving now. Full-size utilities are another one. GM says supply has been tight there, and Orient coming online could help a major franchise. Trucks get dragged in too, with some production possibly moving more toward the United States because of tariffs while global demand for full-size trucks still hangs around. The host does not call EVs dead. He says he does not think GM is giving up on them, and that keeps the critique from turning into a lazy reversal story. What bothers him is the mismatch. GM still talks about EVs as the North Star while making space for more gasoline vehicles, a new V8, and a longer life for ICE models. Rather than turn that into a tidy market note, he asks ChatGPT for a funeral-style poem. The joke is dry, and it works because the shift is real enough to carry it. The poem mourns the all-in EV vision, battery plants, Ultium, adverts, investor days, and the engineers who believed. By the end, the ads and subscription ask make the episode feel like corporate theater, capacity planning, and one EV watcher trying to process the turn in real time.

As heard by us

GM's third quarter 2025 earnings call reads as a sharp, uneasy balancing act between EVs and ICE.

GM's third quarter 2025 earnings call is mostly a study in mixed signals. The company keeps talking about EVs and ICE at the same time, and that tension gives the call its edge.

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Why you'd press play

GM's Q3 2025 earnings call, with EVs, ICE, tariffs, and a host who keeps side-eyeing the spin.

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