Still, even its losses did not reduce profit-sharing payments for GM’s 45,000 UAW members, who each got record payments of up to $14,500, equal to more than two months of pay. “Suffice it to say, 2024 was an outstanding year for GM,” Jacobson said. “When we deliver results li...
GM reports first full-year profit since 2004ByKevin Krolicki/Reuters
CHICAGO, Oct. 31 (Xinhua) -- General Motors on Wednesday reported 2.5 billion U.S. dollar profit in the third quarter, up significantly year on year, thanks to satisfactory performance in North America and China. The profit was in sharp contrast to a year ago, when GM posted a huge loss...
So far, GM has a line-up of nine EVs and plans to launch the Cadillac Vistiq this spring and the next-generation Chevrolet Bolt late this year. Kelty also said in October that he believed conditions were ripe “for North America to seize EV battery leadership from China”. Over the past...
GM CEO Mary Barra said earlier this month that profit margins had not peaked on traditional gas-powered vehicles and EV sales were ramping up. The automaker's shares have risen by over a third this year as GM raised its annual profit forecast twice, bolstered by strong ...
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GM reports profit on accounting By Gabriel Madway , MarketWatch Published: May 8, 2006 at 6:54 p.m. ETSAN FRANCISCO (MarketWatch) -- General Motors Corp. said late Monday it was profitable in the first quarter, after it finalized its financial results to reflect the accounting treatment...
29.01.2025 - 14:30 General Motors USA Canada GM refers to this key figure as “variable profit positive.” It does not include costs such as assembly line construction, but shows financial progress with electric cars. GM had previously forecast that EV operating losses would fall by $2bn to...
Profitability Rating:view ratings Gross Profit Margin 95.42% EBIT Margin 32.89% Net Income Margin 36.44% Return on Equity 22.97% Return on Assets 17.12% More On Profitability » MomentumCapital Structure Market Cap $12.34B Total Debt $142.93M Cash $2.93B Other - Enterprise Value $9.43B Trading...