GM is scheduled to host its next Investor Day event on Tuesday, October 8th, and will reportedly seek to reassure investors on a number of different issues, including faltering EV growth, hefty AV investments, and competitive pressures from China.
According to a report from Reuters, which cites anonymous internal sources, the upcoming Investor Day presentation will include a spotlight on the automaker’s various ICE models, including the all-new 2025 Chevy Equinox, all-new 2025 Buick Enclave, and refreshed 2025 Cadillac Escalade, all of which will help to back predictions of improved profit margins between now and the end of next year. Additionally, GM will reportedly assure investors that EV profits are indeed on the way in the not-so-distant future.
“I’m not going to disclose what we’re going to say at investor day, but if you looked at it, it’s a very strong quarter 3,” said GM president of global markets Rory Harvey in regard to the company’s third-quarter sales. “From that point of view, you’d have to say that that is a positive platform leading into investor day.”
Nevertheless, investors remain concerned over a number of different issues, including significant losses over pricey EV investments that have yet to pan out in the face of slower-than-expected EV adoption rates. China has also become a point of worry, with GM recently posting a $104 million loss in the Chinese market for the second quarter of 2024. To this latter point, GM is putting forth an aggressive restructuring effort in the region, and remains hopeful that its Chinese operations will once again reach sustainability.
Autonomous vehicle technology is yet another potential sticking point for investors, especially in light of an injury accident last year that resulted in a major restructuring effort at GM’s AV tech division, Cruise, as well as suspension of its public autonomous vehicle testing across the nation. Cruise is now set to restart its AV testing efforts.
Morgan Stanley recently announced stock downgrades for several U.S. automakers, including GM, which was downgraded from “underweight” to “equal weight,” with a price target cut from $47 per share to $42 per share. In the immediate aftermath, the GM stock price dropped nearly 5 percent.
Comments
Kool-aid anyone?
This will go about like the Disney shareholder calls where they try to convince investors that they aren’t tanking their company.
Unfortunatly hard to imagine how GM Will make $$$ from EV … also China is broken …
Só , the perfect storm is coming…
Oh I would love to hear their response to Morgan Stanleys downgrade and how they will spin the Chinese market ditching them with a positive note. Any investor who knows what they are doing knows darn well going all in on one stock is an incredibly dumb move. Mary didn’t get that memo when she ditched all other markets for China.
Mary Barra’s decision to get out of Europe is looking better and better as the years go by.
GM is by far the best run of the US 3 auto makers. Goldman Sachs upgraded GM with a $61 price target a few days after Morgan Stanley downgraded it. Adam Jonas at MS is a Tesla sycophant.
As a shareholder in both Ford and GM, I believe Barra has done very well, but I want Ford to fire Farley now. If they really discontinue the Escape after ditching the Edge with nothing to replace it between the subcompact Bronco Sport and the large Explorer that will count as automotive malpractice. No more ex-jocks or failed race car drivers ever as automotive CEO’s.
we will fix it.,., by raising msrp once more! especially on the savannah vans we havent touched since 2007!
-mary msrp barra assuring investors its all going great. have a lyric why dont you
Gm better start giving engine choices or continue to lose market share along with putting 10spd transmissions in the majority of there vehicles. They have a great 6 cylinder but have almost canceled it’s availability in favor of turbo 4 cylinders to save a mile or 2 mpg while having long range dependability concerns. Great mid size trucks but limited in cab and bed size, come on gm wake up. A Malibu that hasn’t been updated in how many years while Korean cars are updated every 4 yrs. It’s time for stock holders to demand a change in its corporate offices .