General Motors Q4 Earnings: Revenue And EPS Beat, Takes $5 Billion Hit On China & Robotaxi Woes
General Motors Company (NYSE:GM) shares are trading lower in the premarket session on Tuesday. The automotive behemoth reported adjusted earnings per share of $1.92 in the fourth quarter, beating the street view of $1.
General Motors Q4 loss hits $2.96bn due to China charges
General Motors (GM) has reported a loss of $2.96bn in the fourth quarter of 2024, a downturn from a profit of $2.1bn in the same period the previous year.
General Motors Pays $4.5 Billion in Charges, Reducing Q4 and Full-Year 2024 Results
For the full year 2024, GM reported a revenue of $187.44 billion, an increase from $171.84 billion revenue in 2023. However, the bottom line shows that GM's net income for the full year 2024 was $6 billion, compared to $10.12 billion in 2023. Charges incurred in the last quarter of 2024 reduces significantly the overall net income for the year.
Charges Tied to China Weigh on GM in Q4, but Profit and Revenue Top Expectations
General Motors moved to a loss in its fourth quarter, as the automaker dealt with charges tied to its Chinese joint ventures, but its adjusted profit and revenue still soundly beat Wall Street’s expec
Alert: General Motors strong profit and revenue outshine hefty charges tied to China
General Motors strong profit and revenue outshine hefty charges tied to China. . Photo store Get your favorite Times Union photos
General Motors Q4 results: GM posts $2.96 billion loss on China-related charges
General Motors sold vehicles at an average price of $50,000 in 2024. Its revenue surged to $47.7 billion from $42.98 billion
GM expects to save up to $1 billion on Cruise costs
General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair ...
GM Authority2h
Here’s How Many GM Super Cruise Customers Pay To Keep It
GM has identified how many Super Cruise customers opt to pay for the semi-autonomous driver assist system after the initial prepaid period has come to an end.
GM Is Making A Big Bet On Super Cruise. It Seems To Be Paying Off
GM says that more and more owners end up subscribing to its hands-free automated driving assistance system. And it has big ...
GM's Adjusted Earnings Top Estimates After Billions in China, Cruise Charges
General Motors posted better fourth quarter revenue and adjusted earnings than analysts had expected, as it recorded billions in one-time charges because of recent changes to the automaker's business ...
WHAS11 News13d
NHTSA closes preliminary investigation into General Motors' Cruise robotaxis
WASHINGTON — U.S. automobile safety regulators are closing their preliminary investigation into General Motors' Cruise robotaxis without taking further action. The National Highway Traffic ...
General Motors says making ‘good progress’ in China
Expects to forecast $1B in annual run rate savings from ending Cruise robo-taxi program. Says Cruise employees to be fully integrated into the ...
StockStory.org on MSN1d
Why General Motors (GM) Shares Are Getting Obliterated Today
Shares of automotive manufacturer General Motors (NYSE:GM) fell 11.1% in the afternoon session after the company reported ...
MT Newswires on MSN1d
General Motors Issues Upbeat Full-Year Earnings Outlook as Fourth-Quarter Results Top Views
General Motors (GM) issued an upbeat full-year earnings outlook on Tuesday as the automaker's fourth-quarter results topped market expectations. The company anticipates adjusted earnings to be in a ...