Home / General Motors News: New Executive, EV Changes, & Earnings

General Motors News: New Executive, EV Changes, & Earnings

By: Jasmin Espinas
May 13, 2025

General Motors remains one of the largest carmakers in the world. Known for brands like Chevrolet, Cadillac, and GMC, the company continues to shape how people drive across North America and beyond. In recent General Motors news, the company has hired a Tesla alum and Aurora co-founder as one of its executives.

Besides GM’s new executive, this update also looks at how its earnings are holding up, details on some recalls, and what’s changing with its electric vehicle strategies.

Sterling Anderson Joins GM As EVP of Global Product & Chief Product Officer

On May 12, 2025, General Motors announced that Sterling Anderson will take on the role of executive vice president of global product. Anderson is the co-founder of Aurora, a company focused on self-driving trucks.

Before launching Aurora, he worked at Tesla, where he led the Model X program and helped build out the Autopilot system. Just last week, Anderson stepped down from Aurora, including his position on the company’s board. His departure came shortly after Aurora rolled out its self-driving truck service in Texas.

Now, he’s moving to GM as the company shifts away from its robotaxi efforts and puts more attention on adding hands-free features to personal vehicles. With Cruise, the company’s self-driving ride service, shut down, GM is focusing on expanding its Super Cruise driving system instead.

Anderson told TechCrunch he didn’t plan to leave Aurora. But after talking with GM leadership, including CEO Mary Barra, he saw a real chance to build something new.

GM Financial Performance: Q1 2025 Earnings, & 2025 Guidance Adjustment

On April 29, General Motors shared its results for the first quarter of 2025. The company outperformed expectations from Wall Street.

Here’s a quick look at the numbers compared to what analysts predicted:

Earnings per share: $2.78 (adjusted), slightly higher than the $2.74 estimate
Revenue: $44.02 billion, above the expected $43.05 billion

Earlier this year, GM shared a full-year forecast that didn’t account for possible tariffs. Back then, the company expected to bring in between $11.2 billion and $12.5 billion in net income, with adjusted earnings between $13.7 billion and $15.7 billion.

Now, GM is rethinking those estimates. During a press call, CFO Paul Jacobson said the company is reviewing how future tariffs could affect profits. He added that the old guidance is no longer reliable and promised to give a clearer update once they have more information.

As of now, GM’s new forecast includes adjusted earnings between $10 billion and $12.5 billion, which is lower than the earlier range of $13.7 billion and $15.7 billion.

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GM’s Recalls & EV Model Change

General Motors is recalling nearly 600,000 vehicles in the U.S. because of a possible engine issue. The recall affects several popular models built between March 1, 2021, and May 31, 2024. These include:

Cadillac Escalade (2021–2024)
Cadillac Escalade ESV
Chevrolet Silverado 1500
Chevrolet Suburban
Chevrolet Tahoe
GMC Sierra 1500
GMC Yukon
GMC Yukon XL

⚠️ Recall Alert
2021-2024 GM Cadillac Escalade and Escalade ESV, Chevrolet Silverado 1500, Suburban, and Tahoe, GMC Sierra 1500, Yukon, and Yukon XL vehicles equipped with a 6.2L V8 gas engine.
Recalled for engine failure.https://t.co/JP0m7P8PQb

— NHTSA Recalls & Ratings (@NHTSArecalls) April 29, 2025

All the affected vehicles are equipped with 6.2-liter V8 gas engines. According to the National Highway Traffic Safety Administration (NHTSA), some engine parts might have been made with defects. If these parts fail, the engine could get damaged or stop working, which increases the risk of a crash if it happens while driving.

At the same time, GM appears to be planning changes to its sedan lineup. Two well-known models, the Cadillac CT5 and CT4, are expected to return in 2026 with a fresh design.

However, reports suggest these won’t be made with gas engines anymore. Instead, they could be reintroduced as electric vehicles. Cadillac has already been shifting its focus toward EVs, so this move will match the brand’s recent direction.

General Motors News: Summary & Outlook

General Motors brought on a new product leader, shared better-than-expected earnings, and adjusted its forecast due to possible tariffs. At the same time, it recalled hundreds of thousands of vehicles over engine concerns and hinted at a shift to electric-only sedans in the coming years.

As GM continues to change its strategy, the company’s next moves will be worth watching closely.

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