Are you ready to dive into the latest news in the automotive industry? General Motors has big plans for 2025 that you won’t want to miss!
During the company’s investor day, GM’s CFO Paul Jacobson announced that the company expects its 2025 adjusted earnings to be in a “similar range” to this year’s results. With targeted adjusted earnings before interest and taxes for 2024 surpassing previous estimates, GM is on track for a strong financial performance.
But what sets GM apart from other automakers in the industry? According to Jacobson, GM’s earnings in 2025 will be bolstered by $2 billion to $4 billion in better earnings for electric vehicles, in addition to growing sales and profits from traditional gas-powered vehicles. With a focus on efficiency and innovation, GM plans to have eight vehicles in the market with significantly higher EBIT margins than previous models.
CEO Mary Barra shared that GM is on track to produce and wholesale around 200,000 EVs for North America in 2024, achieving profitability by the end of the year. These developments, along with expected reductions in fixed costs and stable demand, are all contributing to GM’s positive outlook for the coming year.
Despite recent pressure on GM’s stock due to analyst downgrades, the company remains optimistic about its future. Stay tuned for GM’s official financial guidance for 2025 early next year to see how the automaker plans to continue its success in the years to come.
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