# Detroit automaker reported earnings before interest and taxes of US$4.3 billion.

*business · news · 2026-04-28 · Bnn Bloomberg*

## Key points

- GM raised its 2026 profit outlook by $500 million, expecting a tariff refund after a Supreme Court ruling.
- First-quarter net income fell 6% due to a $1.1 billion charge related to slowing EV programs.
- North American profit margin rose to 10.1% despite a 10% sales decline in the first quarter.
- Equity income from GM's China operations jumped to $165 million from $45 million a year ago.
- GM's EV sales dropped 43% in the last quarter of 2023 amid policy-driven demand weakening.

**Companies:** General Motors
**Countries:** United States, China

[Read the full story on Bnn Bloomberg](https://www.bnnbloomberg.ca/business/company-news/2026/04/28/gm-lifts-profit-outlook-as-us-truck-sales-boost-first-quarter/)

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