13 Best Manufacturing Stocks to Buy Right Now

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3. General Motors Company (NYSE:GM)

Number of Hedge Fund Holders: 71

General Motors Company (NYSE:GM), a leading U.S. automaker, is making strategic adjustments as it navigates evolving consumer demand and policy changes in the electric vehicle (EV) market.

In early September 2025, General Motors Company (NYSE:GM) announced temporary production cuts at its Spring Hill, Tennessee EV plant, halting assembly of Cadillac Lyriq and Vistiq SUVs through December and scaling back production into early 2026. The move follows weaker-than-expected demand after the expiration of the $7,500 federal EV tax credit at the end of September.

The announcement came shortly after GM reported record U.S. EV sales in August, with over 21,000 units sold across popular models like the Chevy Equinox EV, Cadillac Lyriq, and GMC Sierra EV. While sales momentum has slowed, the corporation remains confident in its long-term EV growth, supported by demand for affordable models such as the Chevy Equinox EV under $35,000 and the upcoming Chevy Bolt EV near $30,000.

Strategically, the firm is bolstering its competitive edge through a partnership with Hyundai to co-develop new vehicles, including compact SUVs, sedans, pickups, and an electric van for North America. The collaboration focuses on shared R&D and sourcing of key materials like batteries and steel to improve efficiency and cost competitiveness, further cementing GM’s place among the best manufacturing stocks to watch in the EV space.

In a symbolic shift, General Motors Company (NYSE:GM) also announced plans to move its headquarters from Detroit’s Renaissance Center to Woodward Avenue, underscoring a new era as the company balances internal combustion and EV production. CEO Mary Barra emphasized resilience amid supply chain disruptions and regulatory changes while reaffirming GM’s commitment to delivering vehicles that appeal to a broad range of consumers.

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