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General Motors (GM) Earnings 2024 Q4


The GM logo is seen on the façade of the General Motors of Detroit on 16 March 2021.

Rebecca Cook | Reuters

Detroit – General Motors Beat Wall Street’s fourth quarter-on-quarter and down online expectation, which predicted strong results in 2025.

Detroit Automaker believes that although industrial sales slowed down, the restructuring of China and the presidency of the Presidency of President Donald Trump begins its second period.

Gm It includes 2025 orientations Shareholders of $ 11.2 trillion are attributed to $ 12.5 million shareholders, or $ 11 and 12 in earnings per share; Profits adjusted interests and taxes (EBIT) $ 13.7 billion dollars and $ 15.7 billion or $ 12 and $ 12 eps; And adjusted cars free cash flow between $ 11 trillion and 13 trillion.

GM 2025 Financial guidance achieved many previews of Wall Street analysts. Notable, analysts adapted for a profit of about $ 14 billion.

That is, according to the 2024 result of the EUBIT of $ 14.9 million. Adapted images and free free cash flow-adjusted $ 14 billion records, GM said.

GM CFO Paul Jacobson said that the company’s 2025 orientation does not take any regulatory change, such as vehicles import or tax reform.

Here is how the company did in the fourth quarter, compared to the average calculations compiled by Lega:

  • Share each earnings: $ 1.92 adjusted $ 1.89 estimated
  • Revenue: $ 47.7 billion and 43.93 billion dollars have been calculated

Jacobson said that the company’s 2024 performance was “noticeable”, referring to traditional businesses of its EV and internal combustion engines.

GM 2024 net income was a loss of approximately 3 trillion dollars in the fourth quarter. Net income in the last three months of the year entered $ 5 billion in special loads, such as $ 4 billion in restructuring costs Related to operations in China and about $ 500 million when making the decision to finance the Cruise Robox business.

GM said in Last Month, it was expected to restructure business operations made with Motor Engine Motor Corp. It cost more than $ 5 Billion in China in load and writing sources, most of which took place in the fourth quarter.

The GM’s revenue rose to $ 187.44 million last year, as 9.1% rose by 2023.

Regions

GM North American operations continued their children’s tendency to carry the profits of cars. North American adjustment profits rose by 18.1% compared to $ 2023 and 14.53 billion, which has adapted a 9.2% benefit margin.

Detroit Automarker’s international operations, such as South Korea, Brazil and Middle East, adapted for $ 30 billion profits last year compared to 75% compared to 2023. His assets income From China It was a loss of $ 4.41 million, largely due to restructuring actions.

“In China, we reported positive returns in the fourth quarter before the restructuring costs, and we are steps forward to our partner to improve here,” said the GM Mary Barra in a letter.

Jacobson confirmed that the company expects to restructure operations from the United States without injecting more capital to China.

Evs

Aside from its economic results, GM expects to continue to shoot new products to help his sales and profits. It includes electric vehicles, he said the company obtained profitability based on production in the fourth quarter.

GM expects $ 2 billion billion dollars compared to 2024 this year, based on 300,000 EVs based on wholesale volumes. It would be an increase of 59% of 189,000 units in 2024.

President GM Mark Rezs revealed 2025 Cadillac Escalade IQ in 2025 in the New York City.

Michael Wayland / CNBC

“We think we can grow our EV demand,” Jacobson said. “We continue to see how EV progresses in 2025, but $ 3 billion is $ 2 trillion results for $ 4 billion.”

GM said he hopes to improve the absorption of the fixed scale, and continue the attention of cells and vehicle costs to improve EVS next year.

In 2025, Jacobson said that GM will continue to seek the value returns to shareholders, as well as paying the company’s self debt, including $ 1.75 million this year. The company retired $ 750 million in December, in addition to completing the shopping of shares, has been less than 1 billion to end the year.

For the rest of the USA industry, Jacobson said that the new vehicle sale is relatively equal to the same level of vehicles compared to more than 16 million vehicles. Detroit Automaker expects vehicles prices, falling from the highest record of recent years, fell between 1% and 1.5%.

Regulatory uncertainty

Bars, in his shareholder letter, current “trade, taxes and environmental regulations” could ensure the uncertainty “could cause automotive business.

The company said it has been proactive with “congress and administration” “Our manufacturing and” American leadership in advanced technology “.

“It is clear that we share a lot of common ground and appreciate the conversation,” the bar said to Trump in front of his inauguration. “What happens in these fronts, we have a wide and deep portfolio (internal combustion engine), both market shareholders, and we will be as effective as possible.”

Gm before Say CNBC The interview with Trump Barra was “friendly and productive”.

Trump discussed the implementation of 25% of the 25% of the goods of Canada and Mexico, which can affect vehicles imported to the US

The most important automoters have US factories, however, still many trusts in imports from other countries, including Mexico, to learn about the demand for American consumers.

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