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GM Q4 earnings beat estimates as EV business turns the corner, company boosts 2025 profit guidance

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General Motors (GM) continued its strong run of quarterly performance last year, with full-year profit that came in at the high end of its range and upbeat forward guidance. But challenges remain for the US automaker in 2025,
General Motors (GM) reported a robust performance in its Q4 earnings, surpassing Wall Street expectations with adjusted earnings per share of $1.24, compared to the anticipated $1.16. The company's revenue reached $43.0 billion, slightly above the expected $40.6 billion. This positive outcome was driven by a significant improvement in GM's electric vehicle (EV) segment, which saw a 54% increase in sales, totaling 20,000 units in the quarter. Despite challenges like strikes and a recall, GM managed to increase its full-year guidance for 2025, now expecting net income between $9.8 billion and $11.2 billion, and adjusted EBIT between $12 billion and $14 billion. The company also announced plans to produce 200,000 to 300,000 EVs in North America in 2024, signaling a strong commitment to its EV strategy. Additionally, GM's Cruise autonomous vehicle unit is set to resume testing in Phoenix, Arizona, after a suspension, indicating a recovery in its autonomous driving ambitions.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/general/gm-q4-earnings-beat-estimates-as-ev-business-turns-the-corner-company-boosts-2025-profit-guidance/ar-AA1xZVoI ]