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GM previously had forecast EV operating losses would narrow by between $2 billion and $4 billion this year from undisclosed levels, although Jacobson said the decline in losses was likely to be ...
GM also forecast total US auto industry sales to hit 16 million in 2024, which would be a strong improvement post-pandemic; only 13.4 million vehicles were sold in 2022, the lowest in a decade.
DETROIT (Reuters) -General Motors earnings exceeded Wall Street's forecasts on Tuesday, but investors still dumped the stock broadly on fears of tariffs that will make it hard for the automaker to ...
General Motors kept ... The company posted adjusted earnings per share of $2.62, above forecasts for $2.12, with adjusted EBIT (earnings before interest and taxes) of $3.9 billion. GM's Q1 ...
Jacobson told Yahoo Finance the company would stay aggressive on buybacks in 2025.. In Q3, GM delivered 659,601 vehicles, down 2% compared with a year ago; however, retail sales were up 3%. GM ...
Moreover, GM's full-year 2025 EPS guidance of $11 to $12 was ahead of consensus forecasts for $10.75 but doesn't assume any impact of additional tariffs. In other words, GM didn't offer investors ...
In terms of guidance, GM reported the following updates to its full-year 2024 forecast: EBIT adjusted: $13.0 billion to $15.0 billion ($12.5 billion - $14.5 billion previous)
General Motors shares jumped after the automaker reported profit jumped in the fourth quarter, driven again by record revenue and strong demand. GM stock pops after fourth quarter sales, profits ...