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Tag Archives: GM Chair and CEO Mary Barra
GM Posts Record 2024 EBIT, EPS and Cash Flow
General Motors (NYSE:GM) today posted full-year 2024 net income attributable to shareholders of $6.0 billion at an EBIT-adjusted $14.9 billion. Full-year revenue increased ~9% to $187.4 billion. Investors in GM earned a 50% total return as GM ended the year with an outstanding share count of 995 million ahead of its announced buyback plan. Fourth quarter net income was reduced by more than $5 billion in special charges, primarily by $4 billion of non-cash restructuring charges and impairment of GM interests in certain China Joint Ventures, and $0.5 billion in charges related to the decision to stop funding the Cruise robotaxi business. Continue reading →
Posted in auto news, car sharing, connected vehicles, economy, financial results, manufacturing, marketing, mobility company, news analysis, results, sales
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Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Escalade IQ, GM 2024 Earnings, GM Chair and CEO Mary Barra, GM Chief Financial Officer Paul Jacobson, Ken Zino, X @KenAutoinformed
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GM UAW Members Ratify New Contract
AutoInformed translation: GM UAW members will be working likely be working mandatory overtime or extended shifts during the holiday season. Continue reading →
GM 2025 Guidance – Trump Tariff Exposure $4-5 Billion!
General Motors (NYSE: GM) this morning issued its 2025 full year earnings guidance after a delay earlier this week caused by the ongoing chaos of the Trump tariff pandemic. While the goals and rhetoric of the current mis-administration continue to fluctuate wildly behind a non-transparent word barrage of lies, false facts, and ignorant assertions, General Motors remains focused and amazingly consistent in stating its goals and steps taken to achieve them given the growing Trump disease infested swamp in Washington.
“We are updating our full-year EBIT-adjusted guidance to a range of $10 billion – $12.5 billion, including a current tariff exposure of $4 billion – $5 billion,” said GM Chair and CEO Mary Barra. “We look forward to maintaining our strong dialogue with the Administration on trade and other policies as they continue to evolve. As you know, there are ongoing discussions with key trade partners that may also have an impact. We will continue to be nimble and disciplined and update you as we know more.” Continue reading →