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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
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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 Posts $2.6B Q1Net on $46.3B Revenue. Ups Guidance
“We have solid momentum in our core operations. We maintained overall sales leadership in the U.S. and Canada. We led the U.S. industry in full-size pickup sales and share, with 42% of the market, and we were #1 in Fleet, including Commercial deliveries. In addition, we were Number Two in EVs with growing market share, and Number One in Canada,” said CEO and Chair Mary Barra. Continue reading →