Core Viewpoint - General Motors (GM) held an investor day focusing on operational updates and strategies to differentiate itself in a challenging market, but the event did not significantly impact its stock price [1][3]. Financial Performance and Projections - GM expects its 2025 adjusted earnings to be in a "similar range" to 2024, with targeted adjusted earnings before interest and taxes for 2024 between $13 billion and $15 billion, or $9.50 to $10.50 per share, an increase from previous guidance [5]. - For the first half of 2024, GM reported $8.3 billion in EBIT-adjusted earnings and $6.4 billion in adjusted automotive free cash flow [6]. - GM anticipates narrower losses for electric vehicles in 2025, projecting a decline of $2 billion to $4 billion in losses, aided by increased production volume and reduced costs [7]. Electric Vehicle Strategy - GM plans to produce and wholesale about 200,000 EVs in North America in 2024, achieving profitability on a contribution-margin basis by the end of 2023, a reduction from earlier targets [7]. - The company will discontinue the "Ultium" branding for its electric vehicle batteries, opting for a multifaceted approach to battery technologies [8]. Internal Combustion Engine (ICE) Outlook - GM expects continued growth in sales and profits from traditional ICE vehicles, with a focus on cost-cutting measures [9]. Shareholder Returns - GM plans to remain active in share buybacks, targeting to reduce outstanding shares to below 1 billion by early 2025, having returned approximately $20 billion to shareholders through buybacks and dividends from 2022 to the end of 2024 [10]. Challenges and Market Position - Wall Street analysts expressed disappointment with GM's updates on its Cruise autonomous vehicle unit and operations in China, where earnings have been declining [11]. - GM's CEO indicated a potential turnaround in China with reduced dealer inventory and modest sales improvements expected [11]. Additional Notes - GM is working on definitive agreements with Hyundai following a non-binding memorandum of understanding [12]. - The next-generation Chevrolet Bolt EV is expected to be priced slightly higher than the 2023 model, which started at $28,795 [12].

U.S. legacy automaker General Motors (GM) held its Investor Day yesterday, offering insights into its ongoing transformation and future outlook. While the automaker is making strides in electric vehicle (EV) technology and cost efficiency, which bode well for the long term, short-term headwinds like slower EV adoption and rising costs persist. Investors are now wondering how they should approach GM stock. Before discussing what you should do with GM stock now, let’s break down the key takeaways from the com ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Can this legendary American automaker finally shake its multidecade funk?With shares returning just 72% over the past 10 years (including reinvested dividends), General Motors (GM 0.07%) has dramatically underperformed the S&P 500, which returned almost 250% over the same time frame. But while the iconic American automaker isn't very inspiring right now, the government-supported transition to EVs could become an opportunity for transformation. Let's dig deeper to see what the next 10 years could have in sto ...

General Motors' Chief Financial Officer, Paul Jacobson, announced during an investor day event that the company anticipates its adjusted earnings in 2025 to be similar to the current year's results. GM's adjusted earnings before interest and taxes (EBIT) target for 2024 is set between $13 billion and $15 billion, translating to $9.50 to $10.50 per share. This is an increase from the previous estimate of $12.5 billion to $14.5 billion, or $9 to $10 per share.Meeting the 2024 target and achieving similar earn ...

Brand new GMC trucks are displayed on the sales lot at Hanlees Hilltop GMC on July 02, 2024 in Richmond, California.DETROIT — 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.The Detroit automaker's targeted adjusted earnings before interest and taxes this year were between $13 billion and $15 billion, or $9.50 and $10.50 per share, up from previous guidance of $12.5 billion to $1 ...

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan.DETROIT — General Motors will drop the name "Ultium" for its electric vehicle batteries and supporting technologies after spending years promoting the brand as it rethinks its EV and battery operations.The Detroit automaker confirmed the switch Tuesday ahead of an investor event in which GM is expected to discuss the change.It also is expected to use the event to to ...

RESTON, Va., Oct. 8, 2024 /PRNewswire/ -- Four business units of General Dynamics (NYSE: GD) will be among the exhibitors at the Association of the U.S. Army (AUSA) annual meeting and exposition, scheduled for Oct. 14-16 in Washington, D.C.Following is a list of General Dynamics products and solutions that will be displayed at the event.General Dynamics products and solutions on display at upcoming AUSA exposition in Washington D.C.GENERAL DYNAMICS LAND SYSTEMS (Booth 703)Mission Command on the Move: With m ...

The company's relatively high dividend yield is tempting, but...We're coming up on the tenth anniversary of Dollar General's (DG -0.06%) dividend. It's saying something that, over this considerable stretch of time, the payout's yield has never been as high as in recent weeks.That's not necessarily good, as the jacked-up yield is due to a significant post-earnings stock slide. Let's look at the company and see how many shares an investor would need at these depressed share prices to collect $1,000 in annual ...

The title names the two reasons to invest in Legal & General ( OTCPK:LGGNY ) ( OTCPK:LGGNF ) (LGEN in London) that I indicated in my previous posts. In " LGEN: 8.5% Yield With Growing and Sustainable DividendPh. D. and MBA. I worked in executive/management positions for big US companies, then ran my own business for about 15 years, and upon exiting, turned to full-time investing. My total experience is 20+ years of investing. For the last 10+ years, it has been my full-time occupation. I primarily manage my ...