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Charges Tied to China Weigh on GM in Q4
General Motors Q4 Earnings: Revenue And EPS Beat, Takes $5 Billion Hit On China & Robotaxi Woes
General Motors Company (NYSE:GM) shares are trading lower in the premarket session on Tuesday. The automotive behemoth reported adjusted earnings per share of $1.92 in the fourth quarter, beating the street view of $1.
General Motors Q4 loss hits $2.96bn due to China charges
General Motors (GM) has reported a loss of $2.96bn in the fourth quarter of 2024, a downturn from a profit of $2.1bn in the same period the previous year.
Charges Tied to China Weigh on GM in Q4, but Profit and Revenue Top Expectations
General Motors moved to a loss in its fourth quarter, as the automaker dealt with charges tied to its Chinese joint ventures, but its adjusted profit and revenue still soundly beat Wall Street’s expec
22h
on MSN
GM expects to save up to $1 billion on Cruise costs
General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair ...
4h
on MSN
GM Is Making A Big Bet On Super Cruise. It Seems To Be Paying Off
GM says that more and more owners end up subscribing to its hands-free automated driving assistance system. And it has big ...
1d
General Motors Pays $4.5 Billion in Charges, Reducing Q4 and Full-Year 2024 Results
For the full year 2024, GM reported a revenue of $187.44 billion, an increase from $171.84 billion revenue in 2023. However, ...
1d
on MSN
Top Stock Movers Now: Boeing, GM, Lockheed Martin, and More
U.S. markets were rebounding at midday from yesterday's big tech selloff caused by advances in artificial intelligence by a ...
Crain's Detroit
1d
UAW workers to see record profit-sharing checks as GM reports better-than-expected 2024 profit
General Motors Co. lost $2.96 billion in the fourth quarter after a $4 billion charge for restructuring its struggling ...
WHAS11 News
13d
NHTSA closes preliminary investigation into General Motors' Cruise robotaxis
WASHINGTON — U.S. automobile safety regulators are closing their preliminary investigation into
General
Motors
'
Cruise
robotaxis without taking further action. The National Highway Traffic ...
1d
on MSN
GM Sees Better-Than-Expected Profit After Shuttering Cruise
General Motors Co. offered a better-than-expected profit outlook thanks to a rebound in China and the wind-down of its costly ...
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