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.
He said the earnings, which many expect to be down for most automakers, will be assisted by $2 billion to $4 billion in better earnings for electric vehicles, as well as growing sales and profits of traditional gas-powered vehicles.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.
GM has reduced its EV variable profit by more than 30 points year-over-year through the third quarter, Jacobson said.
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