Here you will find news and information about General Motors’ profitability.
Scale, mix, and costs all part of the plan.
With earnings guidance reinstated.
Sales were up, but market share was down.
Generating roughly $25 billion in revenue over the course of the 2022 calendar year.
More than $10,000 per vehicle on average.
Meanwhile, GM is actively working to lower battery costs.
Very strong results driven by “wholesale volume growth and robust pricing across the portfolio.”
Increasing efficiency and delivery times.
Forecasting $50B in revenue from EV sales in 2025.
Better performance in North America was offset by markedly lower performance in China.
Payout is equivalent to a mainstream crossover.
Healthy results in a sub-optimal operating environment.
That’s a 38.8 percent decrease in income and a 10.5 percent drop in revenue year-over-year.
Solid results given the ongoing operating landscape.
Analysts expect relatively solid results despite the ongoing supply chain disruptions.
Big challenges ahead, but big profits within reach.
While raising its full-year guidance.
GM will report earnings on the morning of Wednesday, August 4th.
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