Tag Archives: GM Chief Financial Officer Paul Jacobson

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 | Tagged , , , , , , , , , | Leave a comment