General Motors raised its full-year adjusted-core-profit forecast to between $12 billion and $13 billion, up from a prior range of $10 billion to $12.5 billion.

The company also lowered its projected tariff hit to between $3.5 billion and $4.5 billion, down from earlier guidance of $4 billion to $5 billion.

In the third quarter, GM posted adjusted earnings per share of $2.80, topping the $2.31 expected by analysts, although revenue slipped slightly to $48.6 billion from a year prior.

The company said the improved tariff outlook reflects expected relief in the U.S. and better visibility.

GM’s roadmap also addresses its electric-vehicle (EV) business; the firm took a prior $1.6 billion charge amid EV strategy shifts and noted that future EV losses should decrease thanks to capacity rationalisation and regulatory changes.

Shares surged about 8 % in pre-market trading following the update, lifting peer names like Ford Motor Company and Stellantis N.V., which also saw positive momentum on tariff-tailwind expectations.

The broader takeaway: Auto manufacturers appear to be navigating the twin challenges of trade policy and EV transition more effectively, with GM signalling that it is gaining control of external cost pressures and positioning for structural change.

Source: Reuters.