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Automakers Shift to Gas Vehicles Amid Profit Pressures

12/23/2025

46 10 Full Breakdown

Summary

Story summary

General Motors (GM), Ford Motor Company (Ford), and Stellantis N.V. shift focus back to gasoline-powered vehicles to protect profits.
They are prioritizing gas trucks and SUVs and cutting jobs in EV factories.
GM says it is nearing profitability in its EV sector, unlike its competitors.
Cox Automotive forecasts a 2.4% decline in new-car sales in 2026 as demand shifts to lower-cost options amid economic pressures.

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Story summary

General Motors (GM), Ford Motor Company (Ford), and Stellantis N.V. shift focus back to gasoline-powered vehicles to protect profits.
They are prioritizing gas trucks and SUVs and cutting jobs in EV factories.
GM says it is nearing profitability in its EV sector, unlike its competitors.
Cox Automotive forecasts a 2.4% decline in new-car sales in 2026 as demand shifts to lower-cost options amid economic pressures.