General Motors reveals the new 2016 Chevrolet Volt to the media at the 2015 North American International Auto Show on January 12, 2015 in Detroit, Michigan.DETROIT – General Motors is changing its product lineup strategy to include plug-in hybrid electric vehicles, CEO Mary Barra told investors Tuesday.Barra did not disclose specific details of the plans other than that PHEVs, which include an internal combustion engine along with battery technologies, will be rolled out on "select vehicles" in North Americ ...

General Motors on Tuesday reported lower pre-tax profit for the fourth quarter but gave investors an upbeat outlook for 2024 and signaled more capital could be returned to shareholders. "Consensus is growing that the U.S. economy, the job market and auto sales will continue to be resilient," GM Chief Executive Mary Barra told investors in a letter.In contrast, Tesla Chief Executive Elon Musk cautioned investors last week that the world's most valuable automaker expected a year of slow growth, prompting a se ...

Shares of General Motors (NYSE:GM) surged 8% on Tuesday after the firm posted better-than-expected fourth-quarter results. Revenue of $42.98 billion beat Wall Street’s estimates of $38.67 billion by 11.2%, while earnings per share of $1.24 beat expectations by 7%. Expectations were low going into Q4 earnings. General Motors has been grappling with a slowdown in China-based sales, and Wall Street’s revenue expectations represented a 10.4% year-over-year decline. GM has also been grappling with recent controv ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >General Motors Co (NYSE: GM) is trading up in premarket on Tuesday after reporting better-than-expected financial results for its fourth quarter.General Motors issues upbeat future guidanceCopy link to sectionInvestors are cheering also because the management sees another strong year ahead. General Motors expects its adjusted per-share earnings to fall between $8.50 and $9.50 in 2024 on up to $10 billion of automotive free cash flow. ...

About this content About Jeremy Cutler Jeremy has worked extensively in the world of financial journalism as a reporter at ICV News, deputy editor at S&P Marketscope and as a senior reporter for Thomson Financial’s Marketeye.  A qualified accountant, former finance director and with a degree in Economics, Jeremy is well placed to analyse and explain the ups and downs of UK, European and US stockmarkets in Proactive’s daily market report Read more About the publisher Proactive financial news and online br ...

DETROIT, Jan. 30, 2024 /PRNewswire/ -- General Motors Co. (NYSE: GM) today reported fourth-quarter 2023 revenue of $43.0 billion, net income attributable to stockholders of $2.1 billion and EBIT-adjusted of $1.8 billion. GM reported full-year 2023 revenue of $171.8 billion, net income attributable to stockholders of $10.1 billion and EBIT-adjusted of $12.4 billion. The chart below summarizes GM's 2023 financial guidance and 2023 results, as well as the company's 2024 guidance, which is for a year of strong ...

A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023.DETROIT — General Motors is set to report its fourth-quarter earnings before the bell Tuesday.Here's what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv.Adjusted earnings per share: $1.16Revenue: $38.67 billionThose results would mark a 10.3% decrease in revenue compared to a year earlier as well as a 45.3% decline in adjusted earnings per ...

DETROIT — Toyota 7203, +3.15% TM, +1.82% and General Motors GM, +0.60% are telling the owners of about 61,000 older Corolla, Matrix, RAV4 and Pontiac Vibe models to stop driving them because their Takata air bag inflators are at risk of exploding and hurling shrapnel. The urgent warning Monday covers certain Corolla compact cars and Matrix hatchbacks from the 2003 and 2004 model years, as well as the RAV4 small SUV from 2004 and 2005. Also covered are about 11,000 Pontiac Vibes from 2003 and 2004, which ...

General Motors Co. is scheduled to report quarterly earnings before the bell Tuesday amid concerns about its EV business and a slow start to the year for the auto industry. GM’s fourth-quarter earnings and guidance “will be solid but unlikely to be a significant catalyst for the stock,” Chris McNally at Evercore ISI said in a note Monday. Tailwinds include $1.5 billion to $1.7 billion in cost savings and lower expenses with Cruise, GM’s autonomous-driving division, but those are likely to be countered by in ...