BREAKINGVIEWS-GM and Ford truck past economic road blocks

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Jennifer Saba

NEW YORK, July 28 (Reuters Breakingviews) - Six years after the pandemic the US carmakers are still hiking prices and rolling out gas-guzzlers. They expect up to $27 bln of operating profit in 2026, up 36% despite tariffs, rising fuel costs and grumpy consumers. As challenges keep increasing, so too do risks of a spin-out.

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Ford Motor reported on July 28 that second-quarter 2026 revenue fell 4% year-over-year to $48.3 billion. Adjusted operating profit increased 19% to $2.5 billion. The company raised the range for its full-year expectations for such profit to up to $11 billion to up to $10.5 billion.

Rival General Motors reported on July 21 that operating profit rose 30% year-over-year to $3.9 billion, partly as a result of price increases.

(Editing by Jonathan Guilford; Production by Pranav Kiran)

((For previous columns by the author, Reuters customers can click on SABA/jennifer.saba@thomsonreuters.com))