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GM posts 5.5% U.S. sales gain in 2025, Stellantis’ Jeep marks first increase in seven years
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DETROIT — General Motors on Monday reported a 5.5% increase in its annual U.S. sales in 2025, despite a 6.9% decrease during the fourth quarter.
The Detroit automaker’s results were driven last year by incremental sales of EVs as well as gains in large SUVs and entry-level vehicles such as the Buick Envista.
GM’s 2025 sales are expected to be among the standouts for the U.S. automotive industry, which Cox Automotive expects to have risen about 2% to 16.3 million units compared with 2024.
GM is among a handful of automakers to report U.S. sales gains for 2025. Others include Toyota Motor‘s sales being up 8%; Hyundai and Kia each achieving third consecutive years of record sales with 8.4% and 7% increases, respectively; and Honda Motor up 0.5%.
Chrysler parent Stellantis was down 3.3% as it executes a U.S. turnaround plan. Notably, Stellantis’ Jeep brand — which was up less than 1% last year — achieved its first U.S. annual sales gain since 2018.
“With consecutive quarterly sales increases and market share growth, it’s clear that we are taking the right steps to reset our business in the U.S.,” Jeff Kommor, head of Stellantis U.S. retail sales, said in a release. “There is still work to do, but we made progress this year with a diversified powertrain lineup.”
GM, meanwhile, retained its position as the largest seller of vehicles in the U.S. It’s held that title for decades, aside from Toyota outselling the American automaker for one year amid major supply chain disruptions in 2021.
GM sold more than 2.85 million vehicles last year in the U.S, including roughly 703,000 during the fourth quarter. That compares to Toyota at 2.52 million U.S. sales in 2025.
“Demand for our brands and products is strong at every price point, and we are well-positioned to build on this momentum in the year ahead,” GM President of North America Duncan Aldred said in a statement.
Aside from the U.S. sales crown, GM said it grew U.S. market share by half a percentage point, to 17%, and increased EV sales by 48% to become the country’s No. 2 seller of all-electric vehicles behind Tesla.
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RBI Governor Sanjay Malhotra confirmed no systemic risk from the Rs 590 crore fraud at IDFC First Bank’s Chandigarh branch linked to Haryana government accounts.
RBI Monitoring Rs 590 Crore Fraud At IDFC First Bank, Assures No Wider Impact
The Reserve Bank of India (RBI) is closely monitoring developments surrounding the Rs 590 crore fraud reported by IDFC First Bank, with no broader systemic concern arising from the incident, said Governor Sanjay Malhotra told reporters during a press briefing held after the customary post-Budget address by Finance Minister Nirmala Sitharaman to the RBI’s Central Board of Directors.
“We are watching the development, there is no systemic issue,” Malhotra said, after being asked upon IDFC First Bank’s fraud case, in which the private lender has reported a fraud of Rs 590 crore with an account linked with the Haryana government at the Chandigarh branch.
The irregularities were linked to a defined set of Haryana state government accounts handled at that branch. The Haryana government has de-empaneled IDFC First Bank and AU Small Finance Bank with immediate effect.
Following the update, the bank’s shares crashed 20 per cent on Monday, bearing a heavy loss.
Bank Assures Limited Impact
IDFC First Bank clarified in its disclosure that the fraud is “confined to a specific group of government-linked accounts within Haryana government” operated through the Chandigarh branch. The bank emphasized that the issue does not extend to other customers serviced by the same branch.
The lender’s statement sought to reassure stakeholders that the matter is restricted in scope and does not reflect a wider operational breakdown. The RBI’s remarks further underlined that, from a regulatory standpoint, the episode does not pose systemic risks to the banking sector.
The development comes amid heightened regulatory focus on governance standards and internal controls within financial institutions. While investigations and internal reviews are expected to continue, the central bank’s position signals confidence that the broader banking system remains stable.
(With PTI Inputs)
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February 23, 2026, 12:59 IST
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Asian stocks today: Markets trade in green after US SC’s blow to Trump’s tariffs; HSI jumps over 2% – The Times of India
Asian markets inched higher on Monday after the US Supreme Court invalidated a major part of President Donald Trump’s tariff framework, a policy that had shaken the global economy since last year. Hong Kong’s HSI climbed more than 2% or 579 points reaching 26,992 with ecommerce heavyweights Alibaba and JD.com each jumping over three percent. Seoul also scaled a fresh record high to 5,816, buoyed by strong gains in chipmakers Samsung Electronics and SK hynix.Markets in Singapore, Wellington, Taipei and Manila also ended in positive territory, while Sydney slipped. Meanwhile, trading in Tokyo and Shanghai was shut due to holidays.The gains across the region were driven primarily by technology stocks. These companies have powered much of Asia’s market strength this year as investors increasingly shift funds away from Wall Street in search of relatively cheaper valuations. Trump’s trade strategy suffered a significant legal setback on Friday when the nation’s highest court ruled that the International Emergency Economic Powers Act, which the White House relied on in April to introduce broad tariffs, “does not authorise the president to impose tariffs”. In response, the president pledged to introduce a fresh global tariff of 10% using another legal route, which by Saturday, he had increased to 15%. The latest developments have injected a new layer of uncertainty into the trade outlook. There are now also demands for authorities to return funds collected under the earlier tariff scheme, while analysts caution that the administration could still look for alternative mechanisms to enforce duties.The court’s decision has also affected the outlook for trade agreements negotiated by Washington. Even so, investors in Asia largely welcomed the ruling, which is widely viewed as supportive for China and India. Technology counters emerged as the biggest winners.In currency markets, the dollar came under pressure, falling sharply against the yen, pound and euro. Meanwhile, oil prices declined by more than one percent on optimism surrounding a potential Iran nuclear deal.
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RBI Says No Systemic Risk After Rs 590-Crore IDFC First Bank Fraud
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