GM is updating its 2024 full-year earnings guidance, which includes projected capital spending of $10.5 billion – $11.5 billion, inclusive of investments in the company’s battery cell manufacturing joint ventures. GM posted double-digit EBIT margins in North America, pricing is even, and GM gained retail market share with incentives much lower than the industry average. In short GM beat analysts’ expectations and once again proved it is a major force in the global automotive market with both traditional internal combustion and various electrified vehicle types.