GM used its Investor Day to try to prove it's in a unique position to outperform the industry and Wall Street's expectations with its all-electric vehicles and traditional internal combustion engine vehicles. CEO Mary Barra said the company will focus on scale, capital efficiency and cost discipline.
This auto business is taking market share in EVs and is holding its own in high-end vehicles.
General Motors (GM, Financial) experienced a 2% increase in stock price, reaching $46.93. This rise comes after statements made by GM's CFO during the company's Investor Day, indicating that the adjusted earnings for 2025 are expected to be on par with this year's figures.
General Motors' future looks promising, but how you play the stock will depend on your investment horizon and risk tolerance.
General Motors (GM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
General Motors Company (NYSE:GM) is rebranding its Ultium electric vehicle (EV) battery technology as it is reportedly reevaluating its EV battery strategy. The company said its EV batteries and technologies will remain the same but not under the Ultium name.
Can this legendary American automaker finally shake its multidecade funk?
General Motors has returned some $16 billion in cash to shareholders in recent months via stock buybacks. CFO Paul Jacobson says repurchases will continue in years to come.
General Motors' Chief Financial Officer, Paul Jacobson, announced during an investor day event that the company anticipates its adjusted earnings in 2025 to be similar to the current year's results. GM's adjusted earnings before interest and taxes (EBIT) target for 2024 is set between $13 billion and $15 billion, translating to $9.50 to $10.50 per share.
General Motors expects its 2025 adjusted earnings to be in a "similar range" to the company's results this year, CFO Paul Jacobson said Tuesday during the company's investor day. The Detroit automaker's targeted adjusted earnings before interest and taxes this year is between $13 billion and $15 billion, or $9.50 and $10.50 per share.
Steve Westly, former Tesla board member and The Westly Group founder, joins 'Closing Bell Overtime' to talk General Motors' EV plans, Tesla's upcoming robotaxi event, and more.
GM will drop the name "Ultium" for its electric vehicle batteries and supporting technologies after spending years promoting the brand. The company said the batteries and technologies will remain, but the name "Ultium" will not.