General Motors Company disclosed that Board member Jonathan McNeill will not stand for reelection at the 2026 Annual Meeting of Shareholders scheduled for June 2, 2026. He will retire from the Board at the conclusion of that meeting.
The company states that Mr. McNeill’s retirement is not due to any disagreement regarding its operations, policies, or practices. Following his departure, the Board intends to reduce its size from 11 directors to 10 directors.
General Motors disclosure: proposed sale of Common stock. A Form 144 filed on 05/26/2026 records that Fidelity Brokerage Services LLC intends to sell 40,000 shares of Common stock on the NYSE with an aggregate amount shown as $3,200,000. The filing also lists prior open‑market purchases of 25,000 shares on 11/19/2020 and 15,000 shares on 11/20/2020.
Vanguard Capital Management reported beneficial ownership of 67,537,567 shares of General Motors Co common stock, representing 7.47% of the class as of 03/31/2026. The filing states Vanguard has sole dispositive power for 67,537,567 shares and sole voting power for 8,796,974 shares. The Schedule 13G identifies holdings held on behalf of funds and managed accounts and is signed by Vanguard's Head of Global Fund Administration.
General Motors reported Q1 2026 net sales and revenue of $43.6 billion, slightly below the $44.0 billion a year earlier. Net income attributable to stockholders was $2.6 billion versus $2.8 billion in Q1 2025, with diluted EPS of $2.82 compared to $3.35. Operating cash flow declined to $3.0 billion from $6.1 billion, reflecting working capital swings and restructuring activity. GM recorded about $1.1 billion of additional charges tied to its North American EV capacity realignment and continues to expect further, but smaller, EV-related charges in 2026. The quarter also benefited from a $0.5 billion favorable adjustment related to previously paid tariffs under the International Emergency Economic Powers Act. As of March 31, 2026, total assets were $281.0 billion and total stockholders’ equity was $62.7 billion. GM reaffirmed full‑year 2026 guidance, expecting net income attributable to stockholders of $9.9–$11.4 billion and EBIT‑adjusted of $13.5–$15.5 billion, with EPS‑diluted of $10.62–$12.62 and EPS‑diluted‑adjusted of $11.50–$13.50.
General Motors reported mixed but solid Q1 2026 results and raised full-year guidance. Revenue was $43.6 billion, down 0.9% from $44.0 billion a year ago, while net income attributable to stockholders slipped to $2.63 billion from $2.78 billion. EBIT-adjusted climbed to $4.25 billion from $3.49 billion, lifting the EBIT-adjusted margin to 9.7% from 7.9%.
EPS-diluted was $2.82 versus $3.35, but EPS-diluted-adjusted improved to $3.70 from $2.78. Automotive operating cash flow fell to $0.53 billion from $2.40 billion, though adjusted automotive free cash flow improved to $1.27 billion from $0.81 billion. GM raised 2026 EBIT-adjusted guidance to $13.5–$15.5 billion and EPS-diluted-adjusted to $11.50–$13.50, helped by an approximately $0.5 billion favorable adjustment tied to a U.S. Supreme Court tariff decision, which also lowered expected 2026 gross tariff costs to $2.5–$3.5 billion. The board declared a $0.18 per-share quarterly dividend payable June 18, 2026.
General Motors is asking shareholders to approve its 2026 director slate and several governance and compensation items while highlighting strong recent performance. For 2025, GM reports $185.0B in revenue, $2.7B in net income, $12.7B EBIT-adjusted, and a 54% total shareholder return, returning $6.5B via dividends and buybacks.
The Board describes a strategic shift toward profitable internal combustion vehicles, rightsizing EV and battery capacity, and impairing certain EV assets to improve future EV profitability. Software and services continue to scale, with 12 million OnStar subscribers, about 620,000 Super Cruise subscribers, and over $5.4B in deferred revenue.
Shareholders will vote on ratifying Ernst & Young as auditor, advisory say‑on‑pay and pay frequency, and Amendment No. 2 to the 2020 Long‑Term Incentive Plan to increase shares available. GM also details new Board refresh rules, including a non‑employee director retirement age of 75 and a 20‑year term limit.
The Vanguard Group filed Amendment No. 11 to a Schedule 13G/A reporting 0% beneficial ownership of General Motors Co common stock. The amendment states January 12, 2026 internal realignment led to disaggregated reporting under SEC Release No. 34-39538; the filing shows 0 shares beneficially owned and 0% of the class. The filing is signed by Ashley Grim on 03/26/2026.
General Motors Company entered into an Eighth Amended and Restated 364‑Day Revolving Credit Agreement providing a 364‑day, $2.0 billion unsecured credit facility maturing on March 22, 2027. The facility is available to GM and certain wholly owned subsidiaries but has been allocated for exclusive use by General Motors Financial Company, Inc.
The facility allows U.S. dollar borrowings and is guaranteed by GM for subsidiary borrowers. Interest is tied to Term SOFR, Daily Simple SOFR or an alternative base rate, plus a margin based on GM’s credit rating. Key covenants require GM to maintain at least $4.0 billion in global liquidity and $2.0 billion in U.S. liquidity, with additional restrictions on mergers, asset sales and new indebtedness.