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GM Q4 results top estimates as EV business turns the corner, as Trump regulatory and tariff threats remain

General Motors (GM) reported better-than-expected Q4 results, with earnings per share at $1.24, surpassing the consensus estimate of $1.16, and revenue reaching $42.98 billion, above the anticipated $38.67 billion. This performance was driven by a significant recovery in its electric vehicle (EV) business, which saw a 54% increase in U.S. EV sales, although it still incurred a loss of $1.7 billion for the year. Despite the positive financial outcomes, GM faces potential challenges from former President Donald Trump's threats of regulatory changes and new tariffs if he wins the upcoming election. Trump has criticized GM's EV strategy and has suggested imposing high tariffs on imported vehicles, which could impact GM's operations, especially given its reliance on exports to China. Additionally, GM is navigating through a complex landscape with ongoing labor negotiations, a recall of 323,232 vehicles, and a strategic shift towards a more balanced portfolio of internal combustion, hybrid, and electric vehicles.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/gm-q4-results-top-estimates-as-ev-business-turns-the-corner-as-trump-regulatory-and-tariff-threats-remain/ar-AA1xZyIX ]