Net income for GM’s September-to-December period was $2.85 billion, reversing a small loss from a year earlier, when aIts fourth-quarter pretax profit totaled $3.71 billion, up from a small gain in the year-earlier period. That amounted to $1.93 a share, better than the average analyst estimate of $1.60.
GM on Wednesday forecast pretax income of $10 billion to $11 billion for the full year 2021, or $4.50 to $5.25 a share. That includes a hit of $1.5 billion to $2 billion from production stoppages stemming from the GM bounced back from a harrowing two-month shutdown of its North American factories in the spring. A combination of tight inventories and strong demand for its most expensive models lifted pricing and profit margins to near record levels.
Shame these vehicles aren't in the UK... but then I'd not be able to own one..
GMs strategy: build cheaper, less reliable vehicles and charge more for them... 'describe this car using only emojis': 💩
GM leading the future of electric vehicles....
Yeah, at the expense of their dealerships. Ask anyone who owns or works at a dealership how they are doing. Once again, let's only pay attention to what the stockholders make. Top heavy economy isn't a healthy economy. Keep feeding that bubble, I'm sure it will never burst.🙄
GM is on the leading edge of the auto industry moving into the 21st electric Century!
nice