GM expects 2025 earnings to be similar to this year despite industry headwinds

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 72%

Breaking News: Business News

Autos,Transportation,Business

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.

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.

Jacobson declined to provide specific financial targets until the company formally releases its 2025 financial guidance early next year. "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.

GM has reduced its EV variable profit by more than 30 points year-over-year through the third quarter, Jacobson said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines