SUV/Truck Margins, Higher EV Production Bolster Q3 for GM

Oct 23, 2024 · SUV/Truck Margins, Higher EV Production Bolster Q3 for GM Falling battery costs, better-than-expected profits, and share buyback boost the automaker on Wall Street. By Todd …

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Trucks, New SUVs Drive Sales And Share Gains - General …

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Oct 3, 2023 · Strong Demand, Increasing Production Drive EV Sales Higher 7 Chevrolet Bolt EV and Bolt EUV • Combined sales up 125% year-to-date, total through third quarter already …

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General Motors Co (GM) Q3 2024 Earnings Call Highlights: Strong …

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Oct 23, 2024 · GM Financial EBT Adjusted: $700 million, down $50 million year-over-year. Cruise Expenses: $400 million, down $350 million from a year ago. Full Year EBIT Adjusted …

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Q1 Auto Sales Look Good, If You’re Not Toyota Or Stellantis

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Apr 5, 2023 · General Motors — 603,208 Units, Up 17.6% ... Sales are Up for Q3, but Still Lag 2021 Overall; ... SUV/Truck Margins, Higher EV Production Bolster GM. Gallery: 2024 …

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GM Beats On Q3 Earnings, Raises Profit Forecast For Third Time This …

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Oct 22, 2024 · For the quarter, GM reported revenue of $48.78 billion, easily topping estimates of $44.69 billion per Bloomberg consensus and higher than the prior quarter's nearly $48 billion. …

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GM, Ford Brace For Investor Scrutiny Over Pricing Power, EV Losses

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Oct 21, 2024 · ** Analysts estimate Q3 revenue to grow about 1% to $44.5 billion when it reports results on Oct. 22 ** Earnings per share (EPS) in the quarter estimated at $2.46 FORD:

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GM Targets EV Growth With 500-mile Range Trucks

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Oct 23, 2024 · Dive Insight: Selling more EVs would provide a boost to GM, whose global Q3 sales fell 8.8% year over year to 1.48 million vehicles, according to its earnings release.GM’s …

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Strong Execution Drives Record Financial Results

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Jan 28, 2025 · GMNA EBIT-adj. margins. $10-11B. CapEx + Battery JV. 18-20%. ETR-adjusted. YoY EBIT-adj. key assumptions. Headwinds • Lower volume and mix driven by a modest …

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GM Says EVs Are Priced Right, Won’t Chase Tesla, Ford MSRP Cuts

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Jan 31, 2023 · The Chevrolet Equinox EV, for example, which is scheduled to launch this summer along with the Chevy Blazer EV, will have a base price in the low $30,000s. GM says it …

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GM Q4 Earnings Beat Estimates As EV Business Turns The Corner, …

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Jan 27, 2025 · Nonetheless, GM now sees 2025 profit coming in at a range of $13.7 billion to $15.7 billion, with a lower low bound but a higher upper bound than in 2024. Diluted and …

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Trends In Electric Cars – Global EV Outlook 2024 – Analysis - IEA

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Electric car sales neared 14 million in 2023, 95% of which were in China, Europe and the United States. Almost 14 million new electric cars1 were registered globally in 2023, bringing their …

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MSRP $30,290 .This vehicle has approximately 2100 miles on it. Offer also includes a GM rewards card. Consumer must apply, be approved, and spend a minimum of $1000.00 at time …

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FAQs about SUV/Truck Margins, Higher EV Production Bolster Q3 for GM Coupon?

How has GM improved its EV variable profit?

GM has improved its EV variable profit by more than 30 points year over year through the third quarter, Jacobson said. GM CEO Mary Barra said Tuesday the automaker is on pace to produce and wholesale about 200,000 EVs for North America in 2024, achieving profitability on a production, or contribution-margin basis, by the end of this year. ...

How did GM perform in Q3?

GM's Q3 revenue was also 10.5% higher than a year ago. The company booked adjusted earnings per share of $2.96, far outstripping expectations of $2.44. It reported EBIT-adjusted profit of $4.115 billion, up 15.5% from a year ago, with EBIT-adjusted margin climbing to 8.4% from 8.1% year over year. GM stock jumped nearly 8% in early trading. ...

How did General Motors perform in the third quarter?

General Motors Co. reported higher profits and record revenues for the third quarter, Tuesday, while also announcing boosted production of one of its hot selling electric vehicles. ...

Is GM still targeting EV profitability?

Jacobson said at GM's investor day in early October that the company is still targeting EV profitability on a positive variable profit margin basis, despite the fact that it revised its EV production volume forecast to 200,000 units, at the low end of its previous range of 200,000 to 250,000 units. ...

What is the GM Bolt EV?

The Bolt is GM's lowest priced battery electric vehicle attracting buyers who might otherwise be reluctant to switch to an EV. “Our dealers and customers have embraced the Bolt because of its range, technology and value, helping it outsell Ford’s Mach-E by more than two to one in September,” wrote Barra. ...

Why have GM shares soared a third this year?

The automaker's shares have risen by over a third this year as GM raised its annual profit forecast twice, bolstered by strong sales of gas-powered models. In contrast, Ford has struggled with quality woes and billion-dollar EV losses that have sent its shares down 8% this year. ...