The Detroit automaker sees continued demand for its highest profit margin SUVs and trucks and increased vehicle production levels as pandemic-era supply chain problems fade. Mary Barra, GM’s chief executive officer, dismissed concerns about price cuts after Tesla Inc. and Ford Motor Co. reduced EV sticker prices.
In a letter to shareholders, she emphasized that strong earnings growth in 2022 will carry over into this year, noting GM’s forecast for adjusted earnings before interest and taxes is in a range of $10.5 billion to $12.5 billion, or $6 to $7 a share — above analysts’ projections for $5.70 per share.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Business Maverick: Bitcoin barrels towards historic January as crypto market jumps by $280bnBitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Stocks mixed with China, Adani and Fed in limelight: markets wrapStocks were mixed in choppy trading on Monday as investors split their attention between the reopening of markets in mainland China, the plunge in Adani Group assets and looming interest rate decisions in the US and Europe.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Erratic weather and power pose risk to South Africa summer crop yieldsToo much rain makes no grain, while too much heat means less to eat. This erratic combination has taken root in the current summer growing season in South Africa. Throw in Eskom’s woes, and yields may suffer at a time of elevated food inflation. We can't catch a break 😢😢😢
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Bitcoin Barrels Toward Historic January as Crypto Market Jumps by $280 BillionBitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing. Those who bought at $16,000 should bank profits now, rather than later🤔 Fool's gold
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Ford Slashes Electric Mustang’s Price in Response to TeslaFord Motor Co. is slashing the price of its electric Mustang Mach-E by an average of $4,500 in response to Tesla Inc.’s own recent cuts, stepping up the price wars in a slowing EV market.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: Alibaba loses $23bn in one day in sign rally is easing offA market-beating rally by Alibaba Group Holding, a bellwether for a recovery in Chinese consumer spending, is fuelling doubts that the long positions are starting to get too crowded.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »