The GM logo was seen on the exterior wall of the GM headquarters in Detroit on March 16, 2021.
Libeca Cook | Reuters
Detroit- General motor Defeated Wall Street’s expectations for the launch and bottom line in the fourth quarter, and predicted that the results of 2025 continued good results.
This Detroit Automotive manufacturer believes that despite the slowdown of the industry’s sales, it has reorganized China’s operations, and as President Donald Trump began his second term, it can still have a stable year and increase increase Geographical politics and supervision uncertainty.
Universal car 2025 Guide includes It can be attributed to the net income of shareholders from $ 11.2 billion to US $ 12.5 billion, with a income of 11 to 12 US dollars per share; post -adjustment of interest and tax (EBIT) is US $ 13.7 billion to $ 15.7 billion, or $ 11 to 12 adjustments. Later earnings per share; and adjusted the automatic cash flow between 11 billion and $ 13 billion.
GM’s financial guidance in 2025 has reached or surpassed many predictions from Wall Street analysts. The most noteworthy is that analysts expect the adjustment of about $ 14 billion.
In contrast, the EBIT results after 2024 adjusted by automakers were $ 14.9 billion, or the $ 10.60 adjustment per share, as well as net income of $ 6 billion or $ 6.37 EPS. The record of General Motor Manufacturers is a recorded number and $ 14 billion in free cash flow records.
GM CFO Paul Jacobson said the company’s 2025 Guide did not take into account any potential regulatory changes, such as tariffs on vehicle imports or tax reforms.
This is the company’s performance in the fourth quarter, and the average estimation value of LSEG compilation:
- Earnings per share: Estimated from $ 1.92 and $ 1.89
- income: $ 47.7 billion and estimated to be US $ 43.93 billion
Jacobson said the company’s 2024 performance was “excellent” because its electric vehicle and traditional internal combustion engine business growth was growing.
GM’s 2024 net income lost approximately $ 3 billion in the fourth quarter. The net income of the past three months includes a special cost of $ 5 billion, such as a non -cash reorganization fee of $ 4 billion Related to its operation in China A $ 500 million in decision to decide to stop funding its CRUISE ROBOTAXI business decision.
General Motors said last month that it expected its joint venture with China Saic Motor Corp. to reorganize, which will cost more than $ 5 billion in non -cash costs and bets, most of which occur in the fourth quarter.
GM’s revenue increased last year to 187.44 billion US dollars, an increase of 9.1 % over 2023.
area
GM’s North American business lasted for many years, that is, income from car manufacturers. Its North American adjustment income increased by 18.1 %, compared with 2023 to 14.53 billion US dollars, which is equivalent to 9.2 % after adjustment.
The international business (such as South Korea, Brazil, and the Middle East) of Detroit Automobile Manufacturers reported that the revenue after adjustment last year was US $ 303 million, a 75 % decrease from 2023. Its equity income From China It lost $ 4.41 billion, which was mainly due to reorganization.
GM CEO Mary Barra said in a letter to shareholders: “In China, we reported positive equity income in the fourth quarter, and then reorganized the cost. We are taking measures with our partners. improve.”
Jacobson reiterated that the company hopes to reorganize operation without injecting more capital into China.
Electric car
GM said that in addition to financial performance, it hopes to continue to launch new products to help them sell and earn. Including electric vehicles, the company said that in the fourth quarter, the profitability aimed at production.
General Motors expects that according to the wholesale volume of about 300,000 electric vehicles, this year will improve from 2 billion to 4 billion US dollars, and the $ 2024 will increase to 2024. This will increase by about 59 % over 189,000 units in 2024, slightly lower than the previously announced 200,000 EV target, because this auto manufacturer tries to reduce the supply of their lives at the end of this year.
GM President Mark Reuss revealed the full electric Cadillac Escalade IQ in 2025 in New York City on August 9, 2023.
Michael Wayland / CNBC
Jacobson said: “We really think we can increase the demand for electric vehicles.” “We will continue to see the progress adopted by electric vehicles in 2025, but 300,000 is our assumptions. Low -end profit “.”
General Motors said that the expected scale, fixed costs, and the reduction of the cost of cells and vehicles that are continuously followed to increase the income of electric vehicle revenue next year.
In addition, Jacobson said that General Motors will continue to find opportunities to return the value to shareholders and repay the company’s auto debt, including $ 1.75 billion in mature this year. He said that in addition to completing the stock repurchase to reduce the stocks that reducing its unsolorated shares, the company’s early retirement of US $ 750 million in debt was reduced to less than 1 billion at the end of the year.
Jacobson said that for the entire U.S. industry, General Motors expects that this year’s new vehicle sales will be relatively low compared with more than 16 million cars. This Detroit Automobile manufacturer predicts that the highest -level vehicle pricing of recorded records in recent years has decreased between 1 % and 1.5 %.
Uncertain supervision
Barra pointed out in the letter of shareholders that the current “uncertainty of trade, tax and environmental regulations” may affect the business of automakers.
She said the company has always been “with Congress and Government”, “proactive”, and “about the importance of manufacturing and” senior technical leadership “in the United States.
“Obviously, we have many things in common, we thank the dialogue.” Bara talked to Trump before working. “No matter what happens in these areas, we all have (internal combustion engine) vehicles and electric vehicles in a wide and deep investment portfolio. They are all growing market share. We will implement it quickly as possible and efficiently as possible.”
GM used before Tell CNBC Bara’s conversation with Trump is “friendly and effective.”
Trump has discussed 25 % tariffs on goods in Canada and Mexico, which may affect vehicles imported to the United States
However, most of the major car manufacturers have factories in the United States, but they still seriously rely on imports from other countries including Mexico to meet the needs of American consumers.
This is developing news. Please check to get the update.