NEW YORK (S&P Global Ratings) Oct. 25, 2022--S&P Global Ratings today said General Motors Co.'s third-quarter 2022 performance and reaffirmed guidance for the year indicate it has solid headroom at the rating. The automaker's improved performance across segments demonstrates solid execution to offset the $5 billion incremental cost pressure from increased commodity, logistics, and freight. We continue to expect General Motors' (GM) EBITDA margins to remain over 10%, which underpins our rating, and sustained progress will support its gradual progress toward our upside triggers despite the challenging macroeconomic environment into 2023. Downside risks stem from more pricing pressure, especially if demand stalls and we see a significant drag from mix as GM derives a larger proportion of sales from less-profitable
