“We continue to believe in EVs,” CEO Mary Barra told the Street. But GM also believes in free cash flow.

GM plans to record $7.1 billion in special charges for the fourth quarter of 2025 related to its pullback in electric vehicles and restructuring in China.

“We continue to believe in EVs,” CEO Mary Barra told the Street. But GM also believes in free cash flow.

GM's ability to walk such a tightrope has been easier to do when it can fall, if needed, onto $21.7 billion in cash to end 2025.

Her ability to navigate volatility is unmatched among automakers—and CEOs.