（文章来源：每日经济新闻） 每经AI快讯，2月24日，美股汽车股走高，福特汽车涨超4%，通用汽车涨超3%。 ...

In this article7203.T-JPSAHGMTariff costs are becoming unsustainable for automakers, the president of one of the largest public dealership groups said last week. Like many in the auto industry, Sonic Automotive is warning that sooner or later, prices will rise or automakers will start cutting features to stabilize costs. "The tariffs are too high on some of these brands, and they're going to pass pricing on," Sonic Automotive president Jeff Dyke said on the company's fourth-quarter earnings call on Wednesda ...

Core Viewpoint - General Motors is recalling over 43,000 SUVs due to a transmission issue that poses a potential crash risk [1][2]. Group 1: Recall Details - The recall affects specific models from the 2022 year, including 17,178 Chevrolet Tahoes, 7,616 Chevrolet Suburbans, 7,820 GMC Yukons, 5,270 GMC Yukon XLs, 3,609 Cadillac Escalades, and 2,239 Cadillac Escalade ESVs [1]. - All recalled models are equipped with a 10-speed transmission featuring an electronic transmission range select system [1]. Group 2: Technical Issue - A transmission control valve in some vehicles may experience excessive wear over time, leading to a gradual loss of pressure and harsh shifting for drivers [2]. - In rare instances, the rear wheels may lock up, increasing the risk of a crash [2]. Group 3: Remedial Actions - Dealers will install new transmission control module software to monitor valve performance and detect excessive wear [3][5]. - If an issue is detected, the transmission will be limited to fifth gear to prevent wheel lockup [3]. - Notifications to vehicle owners regarding the available remedy will be mailed on March 30 [3]. Group 4: Company Commitment - A GM spokesperson emphasized that customer safety is the highest priority and the company is working to resolve the issue promptly [4].

Core Viewpoint - Rockland Resources Ltd. is actively advancing its mining projects, particularly the Cole Gold Mines project and the newly acquired Twin Break project, while successfully closing financing rounds to support these initiatives [1][3][7]. Drill Program - The company is currently drilling at its 100% owned Cole Gold Mines project in Ontario, with the program reaching hole 12 and the first five drilled holes submitted for lab analysis, with results expected soon [2]. Financing Closing - Rockland has completed a non-brokered private placement, issuing 1.375 million units at $0.20 per unit, raising gross proceeds of $275,000. Each unit consists of one common share and one transferable share purchase warrant, exercisable at $0.275 for 24 months [4]. - Additionally, the company closed a private placement of 1,000,000 flow-through shares at $0.25 per share, generating up to $250,000 in gross proceeds. Each flow-through unit includes one common share and half a warrant, with the whole warrant allowing purchase at $0.35 for 24 months [5][6]. Acquisition - Rockland has signed an option to acquire a 100% interest in the Twin Break project, located in the Red Lake Mining District, which is characterized as a high-grade opportunity with potential for drill-ready targets [7]. - The Twin Break project features patented land with documented high-grade gold at surface, including samples of 122.5 g/t Au and 161.1 g/t Au, and drill-supported mineralization with intercepts of 60.3 g/t Au over 0.69 m [8]. Property Highlights - The Twin Break project offers secure tenure over a proven gold-bearing setting, with significant structural upside and multiple priority targets for follow-up work [8]. - The acquisition terms include the issuance of 250,000 shares upon approval and an additional 500,000 shares after 12 months, with a 3.0% NSR applicable [9].

Core Insights - General Motors (GM) outperformed Ford in 2025, achieving its highest market share in a decade at approximately 17%, while Ford ended the year with a market share of 13.2% [3][8] - Both companies are facing challenges in electric vehicle (EV) demand and high tariffs, but they continue to invest in innovation and technology [2][6] - GM's software and services business is becoming a significant profit driver, with deferred revenues expected to reach $7.5 billion by the end of 2026, a nearly 40% increase from 2025 [4] - Ford's focus on affordable EVs and its Ford Pro and Energy platforms positions it for diversified growth, with a projected EBIT of $8-$10 billion in 2026 [7][9] General Motors (GM) Summary - GM expects North America EBIT margins to improve to 8-10% in 2026, up from 6.8% in 2025, driven by lower costs and a stronger product mix [3] - The company repurchased $6 billion in shares and paid over $500 million in dividends in 2025, with a new $6 billion buyback program approved [5] - GM incurred $7.6 billion in EV-related charges in 2025 due to weaker demand and tax incentive changes, with expectations of smaller charges in 2026 [6] Ford Summary - Ford's Ford Pro division saw a 30% growth in paid software subscriptions in 2025, and the company plans a $1.5 billion investment in its Energy platform [9] - The company anticipates a significant reduction in tariff costs to about $1 billion in 2026, easing some financial pressure [11] - Ford's high dividend yield of over 4% is attractive for income-focused investors, and the company is restructuring its EV business to focus on affordability [10] 2026 Outlook: GM vs. Ford - GM projects adjusted EBIT of $13-$15 billion in 2026, with automotive operating cash flow expected to rise to $19-$23 billion [13] - Ford expects adjusted EBIT of $8-$10 billion, with free cash flow improving to $5-$6 billion [12] - Both companies are seen as investor-friendly, with GM focusing on buybacks and dividends, while Ford emphasizes high-yield payouts and disciplined capital allocation [20] Valuation Perspective - Ford currently appears more attractive from a valuation standpoint, particularly on a price-to-sales basis, suggesting potential upside for investors [17] - Consensus estimates favor Ford, projecting stronger year-over-year earnings growth for both the current and next fiscal year [21]

Key Takeaways OnStar hit 12M subscribers in 2025, with Super Cruise up 80% YoY, boosting GM's recurring revenues.GM expects software and services revenues to rise $400M in 2026, with deferred revenues reaching $7.5B.Second-generation vehicle architecture in 2028 will expand OTA capacity and support hands-off driving.When investors think about General Motors (GM) , they usually focus on trucks, SUVs, or electric vehicles (EVs). But beyond vehicles, this auto giant is expanding its software and subscription e ...

Core Points - The Supreme Court ruled that tariffs imposed under the International Emergency Economic Powers Act (IEEPA) exceeded President Trump's authority, leading to the removal of a significant batch of tariffs [1][6] - Tariffs enacted under Section 232 of the Trade Expansion Act of 1962, aimed at protecting U.S. national security, remain in effect [2] Automotive Industry - Foreign vehicles and auto parts are still subject to a 25% tariff, which was implemented to encourage U.S. manufacturing [4] - Automakers are facing substantial financial impacts due to these tariffs, with Mercedes-Benz reporting a $1.2 billion hit to earnings in 2025 [5] - Ford anticipates a tariff bill similar to last year's $2 billion, while General Motors expects a $3.1 billion charge in 2025 and an additional $3 billion to $4 billion in 2026 [7] Furniture Industry - The furniture sector is affected by a 25% tariff on upholstered couches, kitchen cabinets, and vanities, which is set to increase to 50% in 2027 [11] - This industry is particularly sensitive to tariffs due to the high volume of imported goods [11] Steel and Aluminum Industry - Steel and aluminum imports continue to face a 50% tariff, impacting companies in home appliances, electronics, and beverage industries [13] Semiconductor Industry - A 25% tariff on certain semiconductors and chipmaking equipment remains in place, which took effect last month [14] Pharmaceutical Industry - While tariffs as high as 250% on pharmaceuticals have been avoided, there is potential for future tariffs under Section 232 if agreements with drugmakers are reversed [15][16] - Major pharmaceutical companies have agreed to lower drug prices to avoid tariffs for at least three years [16]

Group 1 - General Motors Company (NYSE:GM) is recognized as a significant player in the EV and battery sector, with analysts upgrading price targets based on strong performance [1][3]. - Benchmark analyst Mickey Legg raised GM's price objective to $90 from $65, citing the company's successful execution in 2025, meeting operational and strategic goals [1]. - Goldman Sachs also increased its price target for GM from $93 to $98, reflecting positive vehicle sales data and growth estimates for 2026 [3]. Group 2 - GM appointed Claudia Gast from Lucid Motors as deputy CFO and vice president of strategy, effective March 1, 2026, to enhance corporate growth and technology partnerships [2]. - Gast will replace Zach Kirkman and will report directly to CEO Mary Barra and CFO Paul Jacobson, focusing on collaborations with technology firms [2]. - GM operates in four segments: GM North America (GMNA), GM International (GMI), Cruise, and GM Financial, providing a diverse range of automotive products and services [4].

General Motors Co. (NYSE:GM) has issued a recall of multiple SUVs in its lineup due to a transmission issue that could cause the rear wheels to lock up.43K Vehicles RecalledGM is recalling the 2022 Chevrolet Tahoe and Suburban, the GMC Yukon and Yukon XL, as well as the Cadillac Escalade and Escalade ESV SUVs equipped with the company's 10-speed automatic transmission, the company said in its acknowledgement to NHTSA on Thursday.The recall was issued due to a problem with the transmission control valve, whi ...

President Donald Trump's Department of Energy (DOE) has rescinded a rule that incentivized automakers to produce more EVs to comply with Fuel Economy norms.Fuel Content Factor On EVsThe rescinded provision, called the "fuel content factor," allowed automakers to calculate fleetwide fuel economy by assigning higher-than-usual efficiency figures to electric vehicles, which then helped bring down the fleetwide fuel consumption figures, Reuters reported on Wednesday.The agency, according to the report, cited an ...