GM Posts Strong ICE Financials And Shifts Toward More Gas-Electric Hybrid Technology

Electric charging station David Taljat/iStock Editorial via Getty Images Investors cheered following the release of General Motors Company’s (NYSE:GM) fourth quarter financial results and the discussion of specifics with CEO Mary Barra, GM’s CFO Paul Jacobson and financial analysts. Shares immediately surged nearly 10% in value and have risen higher a day later. GM forecast 2024 adjusted pre-tax profits of $12 billion to $14 billion, compared to $12.4 billion reported for 2023. GM will hold capital spendi ...