Exhibit 99.1 News For Release: Tuesday, July 22, 2025, at 6:30 a.m. ET GM releases 2025 second-quarter results DETROIT – General Motors (NYSE: GM) today reported second-quarter 2025 revenue of $47.1 billion, net income attributable to stockholders of $1.9 billion, and EBIT-adjusted of $3.0 billion. GM's full-year financial guidance is unchanged. An overview of quarterly results and financial highlights appears below. Visit the GM Investor Relations website to download the company's earnings deck and GM Chair and CEO Mary Barra's Letter to Shareholders. Conference call for investors and analysts Mary Barra and GM Chief Financial Officer Paul Jacobson will host a conference call for the   investment community at 8:30 a.m. today to discuss these results. Conference call details are as follows: • 1-800-857-9821 (U.S.) • 1-517-308-9481 (international/caller-paid) • Conference call passcode: General Motors • An audio replay will be available on the GM Investor Relations website in the Events section. 1 Results Overview Three Months Ended ($M) except per share amounts June 30, 2025 June 30, 2024 Change % Change Revenue $ 47,122 $ 47,969 $ (847) (1.8) % Net income attributable to stockholders $ 1,895 $ 2,933 $ (1,038) (35.4) % EBIT-adjusted $ 3,037 $ 4,438 $ (1,401) (31.6) % Net income margin 4.0 % 6.1 % (2.1) ppts (34.4) % EBIT-adjusted margin 6.4 % 9.3 % (2.9) ppts (31.2) % Automotive operating cash flow $ 4,653 $ 7,713 $ (3,060) (39.7) % Adjusted automotive free cash flow $ 2,827 $ 5,297 $ (2,470) (46.6) % EPS-diluted $ 1.91 $ 2.55 $ (0.64) (25.1) % EPS-diluted-adjusted $ 2.53 $ 3.06 $ (0.53) (17.3) % GMNA EBIT-adjusted $ 2,415 $ 4,433 $ (2,018) (45.5) % GMNA EBIT-adjusted margin 6.1 % 10.9 % (4.8) ppts (44.0) % GMI EBIT-adjusted(a) $ 204 $ 50 $ 154 n.m. China equity income (loss)(a) $ 71 $ (104) $ 175 n.m. GM Financial EBT-adjusted $ 704 $ 822 $ (118) (14.4) % __________ (a) n.m. = not meaningful Six Months Ended ($M) except per share amounts June 30, 2025 June 30, 2024 Change % Change Revenue $ 91,141 $ 90,983 $ 158 0.2 % Net income attributable to stockholders $ 4,680 $ 5,913 $ (1,233) (20.9) % EBIT-adjusted $ 6,527 $ 8,310 $ (1,783) (21.5) % Net income margin 5.1 % 6.5 % (1.4) ppts (21.5) % EBIT-adjusted margin 7.2 % 9.1 % (1.9) ppts (20.9) % Automotive operating cash flow $ 7,057 $ 11,311 $ (4,254) (37.6) % Adjusted automotive free cash flow $ 3,639 $ 6,388 $ (2,749) (43.0) % EPS-diluted $ 5.28 $ 5.10 $ 0.18 3.5 % EPS-diluted-adjusted $ 5.31 $ 5.68 $ (0.37) (6.5) % GMNA EBIT-adjusted $ 5,702 $ 8,273 $ (2,571) (31.1) % GMNA EBIT-adjusted margin 7.4 % 10.8 % (3.4) ppts (31.5) % GMI EBIT-adjusted(a) $ 234 $ 40 $ 194 n.m. China equity income (loss)(a) $ 116 $ (210) $ 326 n.m. GM Financial EBT-adjusted $ 1,389 $ 1,559 $ (170) (10.9) % __________ (a) n.m. = not meaningful 2 General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM’s Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry’s widest range of EVs, as we move to an all-electric future. Learn more at GM.com. ### CONTACTS: Jim Cain GM Communications 313-407-2843 james.cain@chevrolet.com Ashish Kohli, CFA GM Investor Relations 847-964-3459 ashish.kohli@gm.com David Caldwell GM Communications 586-899-7861 david.caldwell@gm.com Cautionary Note on Forward-Looking Statements : This press release and related comments by management may include “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact and represent our current judgment about possible future events. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. 3 Guidance Reconciliations The following table reconciles expected Net income attributable to stockholders to expected EBIT-adjusted (dollars in billions): Year Ending December 31, 2025 Net income attributable to stockholders $ 7.7-9.5 Income tax expense 1.6-2.3 Automotive interest income, net (0.0) Adjustments(a) 0.7 EBIT-adjusted $ 10.0-12.5 __________ (a) Refer to the reconciliation of Net income attributable to stockholders to EBIT-adjusted and segment profit (loss) for adjustment details. These expected financial results do not include the potential impact of future adjustments related to special items . The following table reconciles expected EPS-diluted to expected EPS-diluted-adjusted: Year Ending December 31, 2025 Diluted earnings per common share $ 8.22-9.97 Adjustments(a) 0.03 EPS-diluted-adjusted $ 8.25-10.00 __________ (a) Refer to the reconciliation of diluted earnings per common share to EPS-diluted-adjusted for adjustment details. These expected financial results do not include the potential impact of future adjustments related to special items. The following table reconciles expected automotive net cash provided by operating activities to expected adjusted automotive free cash flow (dollars in billions): Year Ending December 31, 2025 Net automotive cash provided by operating activities $ 17.0-20.5 Less: Capital expenditures 10.0-11.0 Adjustments 0.5 Adjusted automotive free cash flow(a) $ 7.5-10.0 __________ (a) These expected financial results do not include the potential impact of future adjustments related to special items. 4 General Motors Company and Subsidiaries 1 Combining Income Statement Information (In millions) (Unaudited) Three Months Ended June 30, 2025 Three Months Ended June 30, 2024 Automotive Cruise GM Financial Reclassifications/Eliminations Combined Automotive Cruise GM Financial Reclassifications/Eliminations Combined Net sales and revenue Automotive $ 42,869 $ — $ — $ — $ 42,869 $ 44,060 $ 25 $ — $ (25) $ 44,060 GM Financial — — 4,255 (2) 4,253 — — 3,918 (10) 3,908 Total net sales and revenue 42,869 — 4,255 (2) 47,122 44,060 25 3,918 (35) 47,969 Costs and expenses Automotive and other cost of sales 39,289 — — (1) 39,289 37,592 1,023 — — 38,615 GM Financial interest, operating and other expenses — — 3,567 — 3,567 — — 3,109 — 3,109 Automotive and other selling, general and administrative expense 2,141 — — (2) 2,139 2,234 138 — (1) 2,372 Total costs and expenses 41,431 — 3,567 (2) 44,995 39,827 1,161 3,109 (2) 44,096 Operating income (loss) 1,438 — 688 — 2,127 4,233 (1,136) 809 (33) 3,873 Automotive interest expense 199 — — (1) 198 206 112 — (112) 206 Interest income and other non-operating income, net 367 — — (1) 366 133 6 — (79) 60 Equity income (loss) 64 — 16 — 80 (97) — 14 — (84) Income (loss) before income taxes $ 1,671 $ — $ 704 $ — $ 2,375 $ 4,063 $ (1,242) $ 822 $ — $ 3,643 Income tax expense (benefit) 481 767 Net income (loss) 1,894 2,877 Net loss (income) attributable to noncontrolling interests 1 57 Net income (loss) attributable to stockholders $ 1,895 $ 2,933 Net income (loss) attributable to common stockholders $ 1,865 $ 2,919 Six Months Ended June 30, 2025 Six Months Ended June 30, 2024 Automotive Cruise GM Financial Reclassifications/Eliminations Combined Automotive Cruise GM Financial Reclassifications/Eliminations Combined Net sales and revenue Automotive $ 82,729 $ 1 $ — $ — $ 82,730 $ 83,272 $ 51 $ — $ (50) $ 83,273 GM Financial — — 8,419 (7) 8,412 — — 7,730 (19) 7,710 Total net sales and revenue 82,729 1 8,419 (7) 91,141 83,272 51 7,730 (69) 90,983 Costs and expenses Automotive and other cost of sales 74,318 163 — (1) 74,480 71,189 1,422 — (1) 72,611 GM Financial interest, operating and other expenses — — 7,058 — 7,058 — — 6,215 (1) 6,215 Automotive and other selling, general and administrative expense 4,016 111 — (2) 4,124 4,269 279 — (1) 4,547 Total costs and expenses 78,334 274 7,058 (4) 85,662 75,459 1,701 6,215 (3) 83,372 Operating income (loss) 4,395 (273) 1,361 (4) 5,479 7,813 (1,650) 1,514 (66) 7,611 Automotive interest expense 351 30 — (30) 350 425 128 — (128) 425 Interest income and other non-operating income, net 701 2 — (26) 676 406 18 — (62) 362 Equity income (loss) 114 — 28 — 142 (234) — 45 — (189) Income (loss) before income taxes $ 4,859 $ (301) $ 1,389 $ — $ 5,946 $ 7,561 $ (1,761) $ 1,559 $ — $ 7,359 Income tax expense (benefit) 1,199 1,529 Net income (loss) 4,747 5,830 Net loss (income) attributable to noncontrolling interests (68) 83 Net income (loss) attributable to stockholders $ 4,680 $ 5,913 Net income (loss) attributable to common stockholders $ 5,224 $ 5,889 ________ 1 Certain columns and rows may not add due to rounding. 5 General Motors Company and Subsidiaries 1 Basic and Diluted Earnings per Share (Unaudited) The following table summarizes basic and diluted ea rnings pe r share (in millions, except per share amounts): Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Basic earnings per share Net income (loss) attributable to stockholders $ 1,895 $ 2,933 $ 4,680 $ 5,913 Adjustments(a) (30) (15) 544 (24) Net income (loss) attributable to common stockholders $ 1,865 $ 2,919 $ 5,224 $ 5,889 Weighted-average common shares outstanding 963 1,136 976 1,145 Basic earnings per common share $ 1.94 $ 2.57 $ 5.35 $ 5.14 Diluted earnings per share Net income (loss) attributable to common stockholders – diluted $ 1,865 $ 2,919 $ 5,224 $ 5,889 Weighted-average common shares outstanding – diluted 976 1,147 989 1,155 Diluted earnings per common share $ 1.91 $ 2.55 $ 5.28 $ 5.10 Potentially dilutive securities(b) 6 4 6 4 __________ (a) Includes a $593 million return from the preferred shareholders related to the redemption of Cruise preferred shares from noncontrolling interest holders in the six months ended June 30, 2025. (b) Potentially dilutive securities attributable to outstanding stock options, Performance Stock Units and Restricted Stock Units (RSUs) at June 30, 2025 and stock options and RSUs at June 30, 2024, were excluded from the computation of diluted earnings per share (EPS) because the securities would have had an antidilutive effect. 6 General Motors Company and Subsidiaries 1 Combining Balance Sheet Information (In millions, except per share amounts) (Unaudited) June 30, 2025 December 31, 2024 Automotive Cruise GM Financial Reclassifications/Eliminations Combined Automotive Cruise GM Financial Reclassifications/Eliminations Combined ASSETS Current Assets Cash and cash equivalents $ 13,891 $ 87 $ 8,403 $ — $ 22,381 $ 14,470 $ 308 $ 5,094 $ — $ 19,872 Marketable debt securities 6,958 — — — 6,958 7,265 — — — 7,265 Accounts and notes receivable, net(a) 15,817 237 1,678 (1,010) 16,722 11,498 22 1,988 (681) 12,827 GM Financial receivables, net(d) — — 44,797 (324) 44,473 — — 46,760 (398) 46,362 Inventories 15,459 — — (5) 15,454 14,569 — — (5) 14,564 Other current assets 3,055 18 5,220 5 8,297 2,816 38 4,799 2 7,655 Total current assets 55,180 342 60,098 (1,335) 114,285 50,618 369 58,640 (1,082) 108,545 Non-current Assets GM Financial receivables, net(c) — — 47,043 — 47,043 — — 46,750 (276) 46,474 Equity in net assets of nonconsolidated affiliates 4,846 — 1,257 — 6,103 5,896 — 1,206 — 7,102 Property, net 51,995 64 101 — 52,159 51,729 69 107 — 51,904 Goodwill and intangible assets, net 3,141 1 1,346 — 4,488 2,642 570 1,339 — 4,551 Equipment on operating leases, net — — 33,196 — 33,196 — — 31,586 — 31,586 Deferred income taxes 23,045 — (1,567) — 21,478 21,149 1,899 (1,795) — 21,254 Other assets(b) 9,176 35 1,420 — 10,631 9,340 41 1,323 (2,359) 8,346 Total non-current assets 92,204 99 82,796 — 175,099 90,756 2,579 80,516 (2,635) 171,216 Total Assets $ 147,384 $ 441 $ 142,893 $ (1,335) $ 289,384 $ 141,374 $ 2,948 $ 139,156 $ (3,717) $ 279,761 LIABILITIES AND EQUITY Current Liabilities Accounts payable (principally trade)(a) $ 27,356 $ 2 $ 493 $ (774) $ 27,077 $ 25,446 $ 200 $ 714 $ (681) $ 25,680 Short-term debt and current portion of long-term debt Automotive(a)(d) 2,243 4 — (561) 1,687 2,413 7 — (279) 2,141 GM Financial — — 36,627 — 36,627 — — 37,291 — 37,291 Cruise(d) — — — — — — 119 — (119) — Accrued liabilities 23,534 194 4,693 — 28,421 24,949 548 5,661 (4) 31,154 Total current liabilities 53,133 200 41,813 (1,335) 93,812 52,808 874 43,666 (1,082) 96,265 Non-current Liabilities Long-term debt Automotive(b) 15,475 38 — — 15,512 13,288 2,397 — (2,359) 13,327 GM Financial — — 81,905 — 81,905 — — 76,973 — 76,973 Cruise(c) — — — — — — 276 — (276) — Postretirement benefits other than pensions 3,989 — — — 3,989 3,990 — — — 3,990 Pensions 6,077 — 8 — 6,085 5,772 — 7 — 5,779 Other liabilities 16,144 287 3,191 — 19,622 14,635 297 2,904 — 17,836 Total non-current liabilities 41,685 325 85,104 — 127,113 37,686 2,970 79,885 (2,635) 117,906 Total Liabilities 94,818 524 126,917 (1,335) 220,925 90,494 3,844 123,551 (3,717) 214,171 Equity Common stock, $0.01 par value 10 — — — 10 10 — — — 10 Additional paid-in capital(e) 18,725 1,861 1,137 (1,112) 20,610 19,632 1,187 1,196 (1,172) 20,843 Retained earnings 42,382 (1,945) 16,236 1 56,675 40,203 (2,647) 15,916 1 53,472 Accumulated other comprehensive loss (9,535) — (1,397) — (10,932) (9,744) (3) (1,506) — (11,253) Total stockholders’ equity 51,581 (83) 15,976 (1,111) 66,363 50,100 (1,464) 15,606 (1,170) 63,072 Noncontrolling interests(e) 985 — — 1,111 2,096 780 568 — 1,170 2,518 Total Equity 52,566 (83) 15,976 — 68,459 50,880 (896) 15,606 — 65,590 Total Liabilities and Equity $ 147,384 $ 441 $ 142,893 $ (1,335) $ 289,384 $ 141,374 $ 2,948 $ 139,156 $ (3,717) $ 279,761 __________ (a) Eliminations primarily include GM Financial accounts and notes receivable of $0.6 billion due from Automotive; Automotive accounts receivable of $0.1 billion primarily due from GM Financial; and Cruise accounts receivable of $0.2 billion due from Automotive at June 30, 2025; and GM Financial accounts and notes receivable of $0.5 billion due from Automotive; and Automotive accounts receivable of $0.2 billion primarily due from GM Financial and Cruise at December 31, 2024. (b) Eliminations primarily related to convertible note issued by Cruise to Automotive and deferral agreement between Cruise and Automotive as regards to engineering, capital spending, restructuring and other costs incurred by Automotive on behalf of Cruise resulting in a long-term payable for Cruise offset by a long-term receivable for Automotive at December 31, 2024. (c) Eliminations primarily related to intercompany loans due from Cruise to GM Financial at December 31, 2024. (d) Eliminations primarily related to GM Financial accounts receivable due from Automotive and Cruise. (e) Primarily reclassification of GM Financial Cumulative Perpetual Preferred Stock, Series A, B and C. The preferred stock is classified as noncontrolling interests in our consolidated balance sheets. 7 General Motors Company and Subsidiaries 1 Combining Cash Flow Information (In millions) (Unaudited) Six Months Ended June 30, 2025 Six Months Ended June 30, 2024 Automotive Cruise GM Financial Reclassifications/Eliminations Combined Automotive Cruise GM Financial Reclassifications/Eliminations Combined Cash flows from operating activities Net income (loss) $ 4,040 $ (302) $ 1,008 $ — $ 4,747 $ 6,051 $ (1,366) $ 1,145 $ — $ 5,830 Depreciation and impairment of Equipment on operating leases, net — — 2,438 — 2,438 — — 2,425 — 2,425 Depreciation, amortization and impairment charges on Property, net 3,511 9 17 — 3,537 3,221 617 20 — 3,859 Foreign currency remeasurement and transaction (gains) losses 251 — 11 — 262 (145) — (3) — (148) Undistributed earnings of nonconsolidated affiliates, net 611 — (28) — 583 (55) — (45) — (101) Pension contributions and OPEB payments (308) — (1) — (309) (430) — — — (430) Pension and OPEB income, net 31 — 1 — 32 29 — 1 — 30 Provision (benefit) for deferred taxes (3) — 208 — 205 1,234 (396) 289 — 1,127 Change in other operating assets and liabilities(a)(c) (1,077) (432) 410 2,573 1,473 1,406 (145) (617) (4,107) (3,464) Net cash provided by (used in) operating activities 7,057 (725) 4,065 2,573 12,969 11,311 (1,291) 3,214 (4,107) 9,128 Cash flows from investing activities Expenditures for property (3,940) (2) (10) — (3,953) (5,267) (2) (10) (73) (5,352) Available-for-sale marketable securities, acquisitions (1,248) — — — (1,248) (2,232) — — — (2,232) Available-for-sale marketable securities, liquidations 1,719 — — — 1,719 1,535 — — — 1,535 Purchases of finance receivables(a) — — (19,270) (6) (19,275) — — (20,016) 3,377 (16,639) Principal collections and recoveries on finance receivables(a)(b) — — 20,902 (3,616) 17,286 — — 15,577 1 15,578 Purchases of leased vehicles — — (8,591) — (8,591) — — (7,489) — (7,489) Proceeds from termination of leased vehicles — — 5,326 — 5,326 — — 6,157 — 6,157 Other investing activities(b) (3,320) — — 898 (2,422) (1,693) — — 1,147 (546) Net cash provided by (used in) investing activities (6,790) (2) (1,642) (2,724) (11,158) (7,656) (2) (5,781) 4,452 (8,987) Cash flows from financing activities Net increase (decrease) in short-term debt (13) — 41 — 29 (2) — 296 — 294 Proceeds from issuance of debt (original maturities greater than three months)(b) 2,018 499 28,650 (499) 30,668 20 960 29,350 (960) 29,370 Payments on debt (original maturities greater than three months) (571) (3) (26,722) (20) (27,316) (52) (7) (23,815) (29) (23,904) Payment to purchase common stock (2,012) — — — (2,012) (1,346) — — — (1,346) Issuance (redemption) of subsidiary stock(b) — — — (29) (29) — 255 — (255) — Dividends paid(c) (260) — (759) 700 (319) (275) — (959) 900 (334) Other financing activities (227) — (95) — (322) (14) (163) (112) — (288) Net cash provided by (used in) financing activities (1,064) 496 1,115 152 699 (1,668) 1,046 4,760 (345) 3,793 Effect of exchange rate changes on cash, cash equivalents and restricted cash 261 1 64 — 327 (173) — (58) — (231) Net increase (decrease) in cash, cash equivalents and restricted cash (536) (230) 3,602 — 2,836 1,814 (247) 2,135 — 3,702 Cash, cash equivalents and restricted cash at beginning of period 14,561 322 8,081 — 22,964 12,310 1,359 8,249 — 21,917 Cash, cash equivalents and restricted cash at end of period $ 14,025 $ 92 $ 11,683 $ — $ 25,800 $ 14,123 $ 1,112 $ 10,384 $ — $ 25,620 __________ (a) Includes eliminations of $3.3 billion in the six months ended June 30, 2025 and 2024 primarily driven by purchases/collections of wholesale finance receivables resulting from vehicles sold by GM to dealers that have arranged their inventory floor plan financing through GM Financial. (b) Eliminations include intercompany funding activity from Automotive and GM Financial to Cruise in the six months ended June 30, 2025 and 2024. (c) Eliminations include dividends issued by GM Financial to Automotive in the six months ended June 30, 2025 and 2024. Note: Certain intercompany transactions that are eliminated in consolidation are presented on a net basis. 8 General Motors Company and Subsidiaries 1 The following tables summarize key financial information by segment (dollars in millions): GMNA GMI Corporate Eliminations Total Automotive Cruise GM Financial Reclassifications/Eliminations Total Three Months Ended June 30, 2025 Net sales and revenue $ 39,486 $ 3,326 $ 57 $ — $ 42,869 $ — $ 4,255 $ (2) $ 47,122 Expenditures for property $ 2,014 $ 89 $ 28 $ — $ 2,131 $ — $ 6 $ — $ 2,137 Depreciation and amortization $ 1,642 $ 131 $ 9 $ — $ 1,782 $ — $ 1,243 $ — $ 3,026 Impairment charges $ — $ 18 $ — $ — $ 18 $ — $ — $ — $ 18 Equity income (loss)(a)(b) $ 12 $ 77 $ (14) $ — $ 75 $ — $ 16 $ — $ 91 GMNA GMI Corporate Eliminations Total Automotive Cruise GM Financial Reclassifications/Eliminations Total Three Months Ended June 30, 2024 Net sales and revenue $ 40,725 $ 3,298 $ 37 $ — $ 44,060 $ 25 $ 3,918 $ (35) $ 47,969 Expenditures for property $ 2,461 $ 74 $ 4 $ — $ 2,539 $ (10) $ 6 $ 35 $ 2,569 Depreciation and amortization $ 1,515 $ 147 $ 20 $ — $ 1,682 $ 7 $ 1,192 $ — $ 2,880 Impairment charges $ — $ — $ — $ — $ — $ 605 $ — $ — $ 605 Equity income (loss)(a)(b) $ 330 $ (103) $ — $ — $ 227 $ — $ 14 $ — $ 240 GMNA GMI Corporate Eliminations Total Automotive Cruise GM Financial Reclassifications/Eliminations Total Six Months Ended June 30, 2025 Net sales and revenue $ 76,873 $ 5,753 $ 103 $ — $ 82,729 $ 1 $ 8,419 $ (7) $ 91,141 Expenditures for property $ 3,719 $ 182 $ 39 $ — $ 3,940 $ 2 $ 10 $ — $ 3,953 Depreciation and amortization $ 3,230 $ 233 $ 36 $ — $ 3,499 $ 5 $ 2,456 $ — $ 5,959 Impairment charges $ — $ 18 $ — $ — $ 18 $ — $ — $ — $ 18 Equity income (loss)(a)(b) $ 255 $ 125 $ (14) $ — $ 366 $ — $ 28 $ — $ 394 GMNA GMI Corporate Eliminations Total Automotive Cruise GM Financial Reclassifications/Eliminations Total Six Months Ended June 30, 2024 Net sales and revenue $ 76,824 $ 6,380 $ 68 $ — $ 83,272 $ 51 $ 7,730 $ (69) $ 90,983 Expenditures for property $ 5,091 $ 167 $ 8 $ — $ 5,267 $ 2 $ 10 $ 73 $ 5,352 Depreciation and amortization $ 2,924 $ 272 $ 25 $ — $ 3,221 $ 12 $ 2,445 $ — $ 5,678 Impairment charges $ — $ — $ — $ — $ — $ 605 $ — $ — $ 605 Equity income (loss)(a)(b) $ 457 $ (211) $ — $ — $ 245 $ — $ 45 $ — $ 291 __________ (a) Includes Automotive China joint ventures (Automotive China JVs) equity income (loss) of $71 million and $116 million in the three and six months ended June 30, 2025 and $(104) million and $(210) million in the three and six months ended June 30, 2024. (b) Equity earnings related to Ultium Cells Holdings LLC, an equally owned joint venture with LG Energy Solution, are presented in Automotive and other cost of sales as this entity is integral to the operations of our business by providing battery cells for our electric vehicles (EVs). Equity earnings related to Ultium Cells Holdings LLC were $11 million and $252 million in the three and six months ended June 30, 2025 and $324 million and $479 million in the three and six months ended June 30, 2024. 9 General Motors Company and Subsidiaries Supplemental Material 1 (Unaudited) General Motors Company (GM) uses both generally accepted accounting principles (GAAP) and non-GAAP financial measures for operational and financial decision making, and to assess Company and segment business performance. Our non-GAAP measures include: earnings before interest and taxes (EBIT)-adjusted, presented net of noncontrolling interests; earnings before income taxes (EBT)-adjusted for our General Motors Financial Company, Inc. (GM Financial) segment; earnings per share (EPS)-diluted-adjusted; effective tax rate-adjusted (ETR-adjusted); return on invested capital-adjusted (ROIC-adjusted) and adjusted automotive free cash flow. GM's calculation of these non-GAAP measures may not be comparable to similarly titled measures of other companies due to potential differences between companies in the method of calculation. As a result, the use of these non-GAAP measures has limitations and should not be considered superior to, in isolation from, or as a substitute for, related U.S. GAAP measures. These non-GAAP measures allow management and investors to view operating trends, perform analytical comparisons and benchmark performance between periods and among geographic regions to understand operating performance without regard to items we do not consider a component of our core operating performance. Furthermore, these non-GAAP measures allow investors the opportunity to measure and monitor our performance against our externally communicated targets and evaluate the investment decisions being made by management to improve ROIC-adjusted. Management uses these measures in its financial, investment and operational decision-making processes, for internal reporting and as part of its forecasting and budgeting processes. Further, our Board of Directors uses certain of these and other measures as key metrics to determine management performance under our performance-based compensation plans. For these reasons, we believe these non-GAAP measures are useful for our investors. EBIT-adjusted (Most comparable GAAP measure: Net income attributable to stockholders) EBIT-adjusted is presented net of noncontrolling interests and is used by management and can be used by investors to review our consolidated operating results because it excludes automotive interest income, automotive interest expense and income taxes as well as certain additional adjustments that are not considered part of our core operations. Examples of adjustments to EBIT include, but are not limited to, impairment charges on long-lived assets and other exit costs resulting from strategic shifts in our operations or discrete market and business conditions, and certain costs arising from legal matters. For EBIT-adjusted and our other non-GAAP measures, once we have made an adjustment in the current period for an item, we will also adjust the related non-GAAP measure in any future periods in which there is an impact from the item. Our corresponding measure for our GM Financial segment is EBT-adjusted because interest income and interest expense are an integral part of its financial performance. EPS-diluted-adjusted (Most comparable GAAP measure: Diluted earnings per common share) EPS-diluted-adjusted is used by management and can be used by investors to review our consolidated diluted EPS results on a consistent basis. EPS-diluted-adjusted is calculated as net income attributable to common stockholders-diluted less adjustments noted above for EBIT-adjusted and certain income tax adjustments divided by weighted-average common shares outstanding-diluted. Examples of income tax adjustments include the establishment or release of significant deferred tax asset valuation allowances. ETR-adjusted (Most comparable GAAP measure: Effective tax rate) ETR-adjusted is used by management and can be used by investors to review the consolidated effective tax rate for our core operations on a consistent basis. ETR-adjusted is calculated as Income tax expense less the income tax related to the adjustments noted above for EBIT-adjusted and the income tax adjustments noted above for EPS-diluted-adjusted divided by Income before income taxes less adjustments. When we provide an expected adjusted effective tax rate, we do not provide an expected effective tax rate because the U.S. GAAP measure may include significant adjustments that are difficult to predict. ROIC-adjusted (Most comparable GAAP measure: Return on equity) ROIC-adjusted is used by management and can be used by investors to review our investment and capital allocation decisions. We define ROIC-adjusted as EBIT-adjusted for the trailing four quarters divided by ROIC-adjusted average net assets, which is the average equity balances adjusted for average automotive debt and interest liabilities, exclusive of finance leases; average automotive net pension and other postretirement benefits (OPEB) liabilities; and average automotive net income tax assets during the same period. Adjusted automotive free cash flow (Most comparable GAAP measure: Net automotive cash provided by operating activities) Adjusted automotive free cash flow is used by management and can be used by investors to review the liquidity of our automotive operations and to measure and monitor our performance against our capital allocation program and evaluate our automotive liquidity against the substantial cash requirements of our automotive operations. We measure adjusted automotive free cash flow as automotive operating cash flow from operations less capital expenditures adjusted for management actions. Management actions can include voluntary events such as discretionary contributions to employee benefit plans or nonrecurring specific events such as a closure of a facility that are considered special for EBIT-adjusted purposes. 10 General Motors Company and Subsidiaries Supplemental Material 1 (Unaudited) The following table reconciles Net income attributable to stockholders to EBIT-adjusted and segment profit (loss) (dollars in millions): Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Net income attributable to stockholders(a) $ 1,895 $ 2,933 $ 4,680 $ 5,913 Income tax expense (benefit) 481 767 1,199 1,529 Automotive interest expense 198 206 350 425 Automotive interest income (200) (229) (391) (414) Adjustments Ultium strategic realignment(b) 330 — 330 — China restructuring actions(c) 140 — 140 — Restructuring actions(d) 87 — 87 — Cruise restructuring(e) 65 583 65 583 GMI plant wind down(f) 33 103 33 103 Headquarters relocation(g) 8 — 34 — Buick dealer strategy(h) — 75 — 171 Total adjustments 663 761 689 857 EBIT-adjusted 3,037 4,438 6,527 8,310 Operating segments GM North America (GMNA) 2,415 4,433 5,702 8,273 GM International (GMI) 204 50 234 40 Cruise — (458) (273) (900) GM Financial(i) 704 822 1,389 1,559 Total operating segments 3,323 4,847 7,051 8,971 Corporate and eliminations(j) (286) (409) (524) (662) EBIT-adjusted $ 3,037 $ 4,438 $ 6,527 $ 8,310 __________ (a) Net of net loss attributable to noncontrolling interests. (b) These adjustments were excluded because they relate to Ultium Cells Holdings LLC charges from a strategic realignment to have the right manufacturing and cell capabilities in place to meet EV demand and expected growth. (c) These adjustments were excluded because they relate to restructuring activities associated with our operations in China, including an other-than-temporary impairment and restructuring charges recorded in equity earnings associated with our Automotive China JVs. (d) These adjustments were excluded because they relate to employee separation charges. (e) These adjustments were excluded because they relate to restructuring charges resulting from the plan to combine the Cruise and GM technical efforts to advance autonomous and assisted driving, the indefinite delay of the Cruise Origin and the voluntary pausing in 2023 of Cruise's driverless, supervised and manual AV operations in the U.S. The adjustments primarily consist of non-cash restructuring charges, supplier-related charges and employee separation costs. (f) These adjustments were excluded because they relate to the wind down of our manufacturing operations in Colombia and Ecuador. (g) These adjustments were excluded because they relate to the GM headquarters relocation, primarily consisting of accelerated depreciation. (h) These adjustments were excluded because they relate to strategic activities to transition certain Buick dealers out of our dealer network as part of Buick’s EV strategy. (i) GM Financial amounts represent EBT-adjusted. (j) GM's automotive interest income and interest expense, legacy costs from the Opel/Vauxhall Business (primarily pension costs), corporate expenditures and certain revenues and expenses that are not part of a reportable segment are recorded centrally in Corporate. 11 General Motors Company and Subsidiaries Supplemental Material 1 (Unaudited) The following table reconciles diluted earnin gs pe r common share to EPS-diluted-adjusted (dollars in millions, except per share amounts): Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Amount Per Share Amount Per Share Amount Per Share Amount Per Share Diluted earnings per common share $ 1,865 $ 1.91 $ 2,919 $ 2.55 $ 5,224 $ 5.28 $ 5,889 $ 5.10 Adjustments(a) 663 0.68 761 0.66 689 0.70 857 0.74 Tax effect on adjustments(b) (64) (0.07) (170) (0.15) (70) (0.07) (194) (0.17) Return from preferred shareholders(c) — — — — (593) (0.60) — — EPS-diluted-adjusted $ 2,464 $ 2.53 $ 3,510 $ 3.06 $ 5,250 $ 5.31 $ 6,552 $ 5.68 __________ (a) Refer to the reconciliation of Net income attributable to stockholders to EBIT-adjusted and segment profit (loss) for adjustment details. (b) The tax effect of each adjustment is determined based on the tax laws and valuation allowance status of the jurisdiction to which the adjustment relates. (c) This adjustment consists of a return from the preferred shareholders related to the redemption of Cruise preferred shares from noncontrolling interest holders in the six months ended June 30, 2025. The following table reconciles our effective tax rate to ETR-adjusted (dollars in millions): Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Income before income taxes Income tax expense (benefit) Effective tax rate Income before income taxes Income tax expense (benefit) Effective tax rate Income before income taxes Income tax expense (benefit) Effective tax rate Income before income taxes Income tax expense (benefit) Effective tax rate Effective tax rate $ 2,375 $ 481 20.2 % $ 3,643 $ 767 21.0 % $ 5,946 $ 1,199 20.2 % $ 7,359 $ 1,529 20.8 % Adjustments(a) 663 64 828 170 689 70 924 194 ETR-adjusted $ 3,038 $ 545 17.9 % $ 4,471 $ 937 20.9 % $ 6,635 $ 1,269 19.1 % $ 8,283 $ 1,723 20.8 % __________ (a) Refer to the reconciliation of Net income attributable to stockholders to EBIT-adjusted and segment profit (loss) for adjustment details. These adjustments include Net income attributable to noncontrolling interests where applicable. The tax effect of each adjustment is determined based on the tax laws and valuation allowance status of the jurisdiction to which the adjustment relates. We define return on equity (ROE) as Net income (loss) attributable to stockholders for the trailing four quarters divided by average equity for the same period. Management uses average equity to provide comparable amounts in the calculation of ROE. The following table summarizes the calculation of ROE (dollars in billions): Four Quarters Ended June 30, 2025 June 30, 2024 Net income attributable to stockholders $ 4.8 $ 11.1 Average equity(a) $ 66.8 $ 70.4 ROE 7.1 % 15.7 % __________ (a) Includes equity of noncontrolling interests where the corresponding earnings (loss) are included in Net income attributable to stockholders. 12 General Motors Company and Subsidiaries Supplemental Material 1 (Unaudited) The following table summarizes the calculation of ROIC-adjusted (dollars in billions): Four Quarters Ended June 30, 2025 June 30, 2024 EBIT-adjusted(a) $ 13.2 $ 13.6 Average equity(b) $ 66.8 $ 70.4 Add: Average automotive debt and interest liabilities (excluding finance leases) 16.2 16.2 Add: Average automotive net pension & OPEB liability 8.9 9.3 Less: Average automotive and other net income tax asset (22.8) (22.1) ROIC-adjusted average net assets $ 69.1 $ 73.8 ROIC-adjusted 19.0 % 18.5 % __________ (a) Refer to the reconciliation of Net income attributable to stockholders to EBIT-adjusted and segment profit (loss) for adjustment details. (b) Includes equity of noncontrolling interests where the corresponding earnings (loss) are included in EBIT-adjusted. The following table reconciles Net automotive cash provided by operating activities to adjusted automotive free cash flow (dollars in millions): Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Net automotive cash provided by operating activities $ 4,653 $ 7,713 $ 7,057 $ 11,311 Less: Capital expenditures (2,131) (2,539) (3,940) (5,267) Add: Buick dealer strategy 305 114 465 276 Add: Restructuring actions 86 — 139 — Add: GMI plant wind down 8 9 12 9 Add: China restructuring actions 9 — 9 — Less: Ultium strategic realignment (103) — (103) — Add: Employee separation costs — — — 58 Adjusted automotive free cash flow $ 2,827 $ 5,297 $ 3,639 $ 6,388 13 General Motors Company and Subsidiaries Supplemental Material 1 (Unaudited) Vehicle Sales GM presents both wholesale and total vehicle sales data to assist in the analysis of our revenue and market share. Wholesale vehicle sales data consists of sales to GM's dealers and distributors as well as sales to the U.S. government, and excludes vehicles sold by our joint ventures. Wholesale vehicle sales data correlates to GM's revenue recognized from the sale of vehicles, which is the largest component of Automotive net sales and revenue. In the six months ended June 30, 2025, 25.8% of GM's wholesale vehicle sales volume was generated outside the U.S. The following table summarizes wholesale vehicle sales by our Automotive segments (vehicles in thousands): Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 GMNA 849 903 1,676 1,695 GMI 125 140 209 243 Total 974 1,043 1,885 1,938 Total vehicle sales data represents: (1) retail sales (i.e., sales to consumers who purchase new vehicles from dealers or distributors); (2) fleet sales (i.e., sales to large and small businesses, governments and daily rental car companies); and (3) sales of courtesy transportation vehicles (i.e., vehicles previously used by dealers that were sold to the end consumer). Total vehicle sales data includes all sales by joint ventures on a total vehicle basis, not based on our percentage ownership interest in the joint venture. Certain joint venture agreements in China allow for the contractual right to report vehicle sales of non-GM trademarked vehicles by those joint ventures, which are included in the total vehicle sales we report for China. While total vehicle sales data does not correlate directly to the revenue GM recognizes during a particular period, we believe it is indicative of the underlying demand for GM's vehicles. Total vehicle sales data represents management's good faith estimate based on sales reported by our dealers, distributors and joint ventures; commercially available data sources such as registration and insurance data; and internal estimates and forecasts when other data is not available. 14 General Motors Company and Subsidiaries Supplemental Material 1 (Unaudited) The following table summarizes industry and GM total vehicle sales and GM's related competitive position by geographic region (vehicles in thousands): Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Industry GM Market Share Industry GM Market Share Industry GM Market Share Industry GM Market Share North America United States 4,297 747 17.4 % 4,181 696 16.7 % 8,329 1,440 17.3 % 8,026 1,290 16.1 % Other 1,051 131 12.5 % 1,007 131 13.0 % 1,991 257 12.9 % 1,899 246 13.0 % Total North America 5,348 878 16.4 % 5,188 827 15.9 % 10,321 1,697 16.4 % 9,925 1,537 15.5 % Asia/Pacific, Middle East and Africa China(a) 6,592 448 6.8 % 5,883 373 6.3 % 12,403 890 7.2 % 11,538 814 7.1 % Other 5,277 118 2.2 % 5,234 120 2.3 % 10,908 220 2.0 % 10,734 233 2.2 % Total Asia/Pacific, Middle East and Africa 11,869 566 4.8 % 11,117 493 4.4 % 23,312 1,110 4.8 % 22,273 1,047 4.7 % South America Brazil 647 64 9.9 % 629 84 13.4 % 1,199 120 10.0 % 1,143 141 12.3 % Other 411 31 7.6 % 318 27 8.4 % 811 60 7.4 % 627 54 8.6 % Total South America 1,058 95 9.0 % 947 111 11.7 % 2,010 180 8.9 % 1,770 195 11.0 % Total in GM markets 18,275 1,539 8.4 % 17,252 1,431 8.3 % 35,642 2,987 8.4 % 33,968 2,778 8.2 % Total Europe 4,387 — — % 4,486 1 — % 8,639 1 — % 8,855 1 — % Total Worldwide(b) 22,662 1,539 6.8 % 21,738 1,432 6.6 % 44,281 2,988 6.7 % 42,823 2,779 6.5 % United States Cars 709 15 2.1 % 769 53 6.9 % 1,416 32 2.3 % 1,476 103 7.0 % Trucks 1,226 401 32.8 % 1,112 359 32.3 % 2,279 746 32.7 % 2,044 650 31.8 % Crossovers 2,362 330 14.0 % 2,300 284 12.4 % 4,634 662 14.3 % 4,507 538 11.9 % Total United States 4,297 747 17.4 % 4,181 696 16.7 % 8,329 1,440 17.3 % 8,026 1,290 16.1 % China(a) SGMS 132 120 251 275 SGMW 315 253 639 539 Total 6,592 447 6.8 % 5,883 373 6.3 % 12,403 890 7.2 % 11,538 814 7.1 % __________ (a) Includes sales by the Automotive China JVs: SAIC General Motors Sales Co., Ltd. (SGMS) and SAIC GM Wuling Automobile Co., Ltd. (SGMW). (b) Cuba, Iran, North Korea, Syria and certain regions of Ukraine are subject to broad economic sanctions. Accordingly, these countries are excluded from industry sales data and corresponding calculation of market share. As discussed above, total vehicle sales and market share data provided in the table above includes fleet vehicles. Certain fleet transactions, particularly sales to daily rental car companies, are generally less profitable than retail sales to end customers. The following table summarizes estimated fleet sales and those sales as a percentage of total vehicle sales (vehicles in thousands): Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 GMNA 178 179 350 320 GMI 96 98 164 166 Total fleet sales 274 277 514 486 Fleet sales as a percentage of total vehicle sales 17.8 % 19.3 % 17.2 % 17.5 % North America capacity two-shift utilization 117.6 % 108.1 % 113.5 % 105.1 % 15

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.