⚠️🇺🇸#ALLY #GM #cars #us
US - fewer people take out new loans to buy vehicles amid rising interest rates - BBG

#watchlist

🇺🇸 #used #cars #us
Manheim: wholesale prices for used cars in the U.S.

#GM

⚡️🇺🇸#GM #report #watchlist
General Motors
-3Q ADJ EPS $2.25, EST. $1.89
- 3Q NORTH AMERICA ADJ. EBIT $3.89B, EST. $3.64B
- REAFFIRMS ITS FY EARNINGS GUIDANCE

🇺🇸#GM #ev #cars #us #forecast
GM plans to produce more than 1 million electric cars in North America by 2025 - CEO

#watchlist

🇺🇸#GM #watchlist
GM expects EV profits to be comparable to gas vehicles by 2025, years ahead of schedule

#ev #cars

🇺🇸#cars #used #us
US - Used car prices continue to decline for 6 months in a row

#ALLY #GM #watchlist

⚠️🇺🇸#cars #us #marketsize
RTRS: price hikes by automakers and rising interest rates will take a toll on new vehicle sales in 2023

Edmunds: new-car sales to hit 14.8M in 2023

industry consultant Cox Automotive: industry-wide last year's (2022) U.S. auto sales are forecast to be about 13.9M units, down 8% from 2021 and 20% from the peak in 2016

WSJ: U.S. auto sales in 2022 - the lowest figure in more than a decade

❗️#GM #ALLY #watchlist

⚠️🇺🇸#cars #us
US auto sales - trend

#GM #ALLY

🇺🇸#GM #report #watchlist
General Motors
- Q4 Non-GAAP EPS of $2.12 beats by $0.44.
- Revenue of $43.11B (+28.4% Y/Y) beats by $2.49B

FY2023 Outlook: the company expects its core auto operations to perform at a consistently strong level in 2023, with full-year net income attributable to stockholders of $8.7 billion-$10.1 billion, EBIT-adjusted of $10.5 billion-$12.5 billion, and EPS-diluted and EPS-diluted-adjusted of $6.00-$7.00 vs. consensus of $5.74

🇺🇸#GM #LAC #watchlist
GM to invest $650M in Lithium Americas

🇯🇵🇺🇸#Honda #GM #hydrogen #cars
Honda to start producing new hydrogen fuel cell system co-developed with GM

#watchlist

🇺🇸#us #cars #sales
a notable growth in U.S. auto sales in January

#ALLY #GM

🇺🇸#cars #used #us #watchlist
US - Used car prices are restored

#ALLY #GM

🌎#hydrogen #ev #cars #marketmap
RTRS: interest in using hydrogen fuel cells to power trucks and vans is getting a boost from fleet operators looking for a more practical alternative to electric vehicles and rising government aid
——————————--
Almost all automakers have invested in hydrogen technology, but GM is leader #GM

Musk derides fuel cells as "fool cells" - details

🌏#ev #cars #marketsize #world
world's top EV sellers

#GM #BYD #TSLA #VW

🌎#ev #cars #world
Global EV market competition intensifies

BYD passed Tesla in EV sales last year in the Asia-Pacific region #BYD

Volkswagen has been the EV leader in Europe since 2020 #VW

Over the next two years, GM, Ford, Mercedes, Hyundai and VW will unleash scores of new electric vehicles #GM

#marketsize #rival

❗️🌎#metals #shortage #cars
automakers actively invest in mining projects (lithium, copper, manganese and etc.) amid expectations of metal shortages

#GM

🇺🇸#GM #autonomous #cars
GM's robotaxi unit Cruise is focusing on cutting costs this year

Cruise CEO expects rapid growth in 2023 - Technology and regulatory challenges will be resolved this year #forecast

🇺🇸#GM #earnings #watchlist
General Motors:
- Q2 Non-GAAP EPS of $1.91
- Revenue of $44.75B (+25.1% Y/Y)

GM is also updating its full-year 2023 guidance:
- Net income: $9.3-$10.7B
- EBIT-adjusted: $12.0-$14.0B
- Adjusted automotive FCF: $7.0-$9.0B
- CAPEX: $11-$12 B

🇨🇳#china #cars
competition from Chinese automakers begins to intensify:

GM's #GM China sales drop below US for the first time since 2009 — BBG

VW #VW , Toyota #TM saw China market share shrink in 2023 — CPCA