General Motors expects its 2025 adjusted earnings to be in a"similar range" to the company's results this year, CFO Paul Jacobson said during the company's investor day.
Jacobson said based on current assumptions, GM will have eight vehicles in the market that, on average, will be approximately nine points higher in EBIT margin than previous comparable models."We expect to see the benefits grow in the coming years as the organization continues to embrace more efficient ways to engineer, produce and sell our vehicles," Jacobson said.
The EV tailwinds are split between savings from increases in volume and lower costs, including for raw materials and battery production. 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. That guidance is down from a prior target of 200,00 to 250,000 EVs, which had been lowered from as high as 300,000 units.