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General Motors CEO Mary Barra warns Trump's tariffs will cost automaker up to $5B this year
New York Post· 2025-05-01 15:47
General Motors on Thursday slashed its full-year forecast as its CEO Mary Barra warned of “a current tariff exposure of $4 billion [to] $5 billion.”The company, which owns brands including Chevrolet, Buick and Cadillac, now expects a profit between $8.2 billion and $10.1 billion, down from previous projections of between $11.2 billion and $12.5 billion, as it faces a steep 25% tariff on foreign vehicle imports.It expects adjusted earnings of $8.25 to $10 a share, down from its previous forecast of $11 to $1 ...
General Motors slashes guidance as it expects up to $5M tariff hit
Proactiveinvestors NA· 2025-05-01 15:11
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, ...
通用汽车(GM.US)大幅下调全年盈利预期 净利润下修至82亿-101亿美元
智通财经网· 2025-05-01 14:08
财报显示,通用汽车Q1销售额为440亿美元,好于市场预期的432亿美元;营业利润为35亿美元,好于市 场预期的34亿美元;每股收益为2.78美元,好于市场预期的2.68美元。 总的来说,此次预期调整折射出汽车行业面临的双重压力:既要应对电动化转型的巨额投入,又需承受 全球贸易环境突变带来的成本冲击。在通用汽车大幅调低盈利目标后,行业分析师正重新评估关税政策 对北美汽车产业链的连锁反应,这或将引发新一轮行业盈利预期修正潮。 智通财经APP获悉,通用汽车(GM.US)在因关税不确定性撤回 2025 年财务展望几天后,于周四更新了 全年利润预期。这家底特律汽车巨头将调整后每股收益预期大幅下调至8.25-10.00美元区间,此前预期 为11.00-12.00美元,并显著低于华尔街10.99美元的共识预期。归属于股东的净利润预期区间同步下修 至82亿-101亿美元,此前为112亿-125亿美元。 公司管理层直言,最新预测已计入40亿-50亿美元的关税相关影响,这成为拖累盈利预期的核心因素。 此外,该公司全年汽车运营现金流预期也遭下调,最新指引为173亿-208亿美元。 值得注意的是,尽管下调盈利预期,通用汽车仍维持全年 ...
GM(GM) - 2025 Q1 - Earnings Call Transcript
2025-05-01 12:30
Financial Data and Key Metrics Changes - Total company revenue for Q1 was $44 billion, up 2% year over year, with EBIT adjusted at $3.5 billion and EBIT adjusted margins at 7.9% [26][27] - EPS diluted adjusted was $2.78, with EBIT adjusted slightly down from last year's Q1 performance [26][27] - The company updated its full year EBIT adjusted guidance to a range of $10 billion to $12.5 billion, reflecting a current tariff exposure of $4 billion to $5 billion [8][41] Business Line Data and Key Metrics Changes - U.S. deliveries were up 17% year over year, with market share growing to 17.2%, marking a nearly two-point improvement from the prior year [24][32] - EV sales achieved over 90% year-over-year growth, securing the number two position in the U.S. EV market [28][42] - The margin in North America was 8.8%, well within the target range of 8% to 10% [32][16] Market Data and Key Metrics Changes - The company gained almost two full points of market share year over year in the U.S., with a first-quarter share of the U.S. EV market at 10%, rising to 12% in March [15][32] - Sales of new energy vehicles in China increased by 53% year over year, contributing positively to equity income [33] Company Strategy and Development Direction - The company is focused on increasing U.S. manufacturing capability and supply chains, with a 27% increase in direct purchases in the U.S. for North American production since 2019 [9][10] - GM is moderating EV production to align with consumer demand and avoid heavy discounts, focusing on efficiency and cost reductions across the value chain [12][13] - The company is developing a next-generation software-defined vehicle platform and enhancing Super Cruise capabilities [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in adapting to the new trade policy environment and maintaining strong consumer demand for vehicles [14][40] - The company anticipates a $4 billion to $5 billion impact from tariffs, with expectations to offset at least 30% through self-help initiatives [41][67] - Management highlighted the importance of maintaining cost discipline and focusing on profitable growth despite challenges [30][46] Other Important Information - The company has invested $60 billion in U.S. manufacturing over the last five years and operates a network of 50 manufacturing plants [7][8] - GM Financial performed well with Q1 EBT adjusted of almost $700 million, in line with last year [33] Q&A Session Summary Question: Is there scope for the industry to receive relief on imported vehicle tariffs? - Management expressed hope for continued trade agreements and indicated that implementing offsets will take time [51][52] Question: How does the pace of investments in AV and AI change due to recent disruptions? - Management confirmed ongoing investments in AV and AI, with a focus on personal autonomy and leveraging partnerships to improve efficiency [60][61] Question: Can you clarify the tariff impact and mitigation strategies? - The estimated tariff impact is $4 billion to $5 billion, with a 30% offset from self-help initiatives, not including pricing increases [67][68] Question: How does the company manage vehicles assembled outside the U.S.? - Management stated that they have excess capacity in the U.S. and can adjust production quickly based on market conditions [92] Question: What are the expectations for capital expenditures and potential shifts in production? - The capital expenditure outlook remains unchanged at $10 billion to $11 billion, with decisions on production and capacity being made independently based on returns [95][96]
GM(GM) - 2025 Q1 - Earnings Call Transcript
2025-05-01 12:30
General Motors (GM) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Ashish Kohli - VP - Investor RelationsMary Barra - Chair & Chief Executive OfficerPaul Jacobson - Executive VP & CFOJoseph Spak - Managing DirectorAdam Jonas - Head of Global Auto & Shared Mobility ResearchDaniel Roeska - Managing Director - US Automotive ResearchJohn Murphy - Managing Director Conference Call Participants Itay Michaeli - Equity AnalystEmmanuel Rosner - Managing Director - Senior Autos & Auto Technology ...
ProQR Announces Annual General Meeting of Shareholders to be Held June 3, 2025
GlobeNewswire News Room· 2025-05-01 12:00
LEIDEN, Netherlands & CAMBRIDGE, Mass., May 01, 2025 (GLOBE NEWSWIRE) -- ProQR Therapeutics N.V. (Nasdaq: PRQR) (ProQR), a company dedicated to changing lives through transformative RNA therapies based on its proprietary Axiomer™ RNA editing technology platform, today announced the Annual General Meeting (AGM) of Shareholders will take place on Tuesday, June 3, 2025 at 1530 CEST at the offices of Allen Overy Shearman Sterling LLP, in Amsterdam, the Netherlands. All relevant documents and information for the ...
通用汽车首席执行官:在贸易谈判中评估韩国的生产。
news flash· 2025-05-01 11:44
通用汽车首席执行官:在贸易谈判中评估韩国的生产。 ...
通用汽车首席执行官:将致力于将更多生产带回美国。
news flash· 2025-05-01 11:40
通用汽车首席执行官:将致力于将更多生产带回美国。 ...
通用汽车首席执行官:正努力抵消关税成本。
news flash· 2025-05-01 11:40
通用汽车首席执行官:正努力抵消关税成本。 ...
通用汽车:预计全年调整后每股收益8.25美元至10.00美元,此前预计11美元-12美元。预计将抵消至少30%的关税风险。预计北美定价将同比上涨0.5%-1%。预计2025年邮轮业务将节省约5亿美元。
news flash· 2025-05-01 11:28
预计将抵消至少30%的关税风险。 预计北美定价将同比上涨0.5%-1%。 预计2025年邮轮业务将节省约5亿美元。 通用汽车:预计全年调整后每股收益8.25美元至10.00美元,此前预计11美元-12美元。 ...