The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
Restructuring charges led to a fourth-quarter net loss. The result marred what was a relatively strong year for GM.
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.
There was a silver lining as GM's sales rebounded in China during the fourth quarter. But make no mistake: This is a huge problem for automakers and their profits. Investors should keep a close eye on fourth-quarter results in China, and throughout 2025.
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 plans.
Expects to forecast $1B in annual run rate savings from ending Cruise robo-taxi program. Says Cruise employees to be fully integrated into the
General Motors (GM) is scheduled to announce Q4 earnings on Tuesday, January 28th, before the market opens, with analysts expecting a double-digit growth in pro
In fact, Detroit's largest automaker consistently topped Wall Street estimates and raised guidance while crosstown rival Ford Motor Company grappled with higher warranty costs. General Motors rewarded investors with a 48% gain in 2024,
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 Co.'s full year net income was down 41% from 2023 after losing $3 billion in the fourth quarter.
Mary Barra provided no details on how the automaker will respond to the tariffs, nor how they will affect GM, which has manufacturing facilities in Canada and Mexico as well as the U.S.