Click for more information.
GM led the US industry in total sales and delivered the largest year-over-year increase in market share of any OEM, because of strong consumer demand for its products and improved supply chain deliveries. GM was number one in total sales; sales of full-size pickup trucks, sales of full-size, large luxury SUVs; and number one in the sales luxury sports cars. GM also said expects its core automotive operations to perform at a “consistently strong level in 2023, with full-year net income attributable to stockholders of $8.7 billion-$10.1 billion, EBIT-adjusted of $10.5 billion-$12.5 billion, and EPS-diluted and EPS-diluted-adjusted of $6.00-$7.00.” GM also forecast strong cash flows from automotive operations for the calendar year, including net automotive cash provided by operating activities of $16.0 billion-$20.0 billion; and adjusted automotive free cash flow of $5.0 billion-$7.0 billion. Moreover, GM forecasts a doubling in company revenue to $275-$315 billion by 2030.
