Tag Archives: general motors earnings

GM Posts $3 Billion in Q1 Earnings. Raises 2024 Guidance

Posted on 23 April 2024 by Ken Zino

“As we continue to strengthen our ICE [internal combustion engine] portfolio, scale EVs and reinvest in the business, we are very focused on capital efficiency, enhancing profitability and free cash flow, and we will continue to take steps to create shareholder value,” said CEO Mary T. Barra. GM has produced more than $23 billion of Auto Adjusted Free Cash Flow during the last 24 months, and expects to generate more than $30 billion in the 2022-2024 period. Continue reading →

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GM Posts Record $10.4B Earnings in 2021

Posted on 2 February 2022 by Ken Zino

Part of the record results came from execution by an all-star management team of a timely strategy, part from strong demand for what in AutoInformed’s view are the strongest product lines in GM’s history. However, vehicles it sold globally dropped to 6.3 million, -8% from 2020 and a drop of -18% from Covid-free 2019. Continue reading →

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GM Reports 2017 Q1 Net Income of $2.6 Billion – up +33.5%

Posted on 29 April 2017 by Ken Zino

During the first quarter, GM delivered globally 2,343,773 vehicles, -34,261 or -1.4%. In the U.S., it delivered 689,521 total vehicles, with a 16% increase in crossover deliveries and a 3% increase in truck deliveries. However, truck and SUVs are not resulting in incremental sales but rather hurting the sales of cars. Continue reading →

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GM Q3 Earnings of $1.7 Billion, Most from North America

Posted on 9 November 2011 by Ken Zino

Virtually all of the Q3 earnings came from North America – $2.2 billion, where Japanese competitors were largely out of the market during the period because of the Japan earthquake, which allowed GM to increase prices. GM Europe lost money; GM South America broke even; and International Operations – home of the booming China market – made $400 million. Continue reading →

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