StoryCommercial
GM reports strong Q1 2026 results; China competition intensifies
General Motors reported Q1 2026 net income of $2.6 billion and raised full-year EBIT guidance by $500 million to $13.5-15.5 billion. North America EBIT margin hit 10.1%, exceeding the 8-10% target. Despite strong US truck sales and remaining the No. 2 EV seller, China operations faced intensifying competition from Tesla and Chinese makers, with the company's China equity income at $100 million but vehicle sales growth slowing.