β‘οΈπΊπΈ#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
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
πΊπΈ#GM #watchlist
GM expects EV profits to be comparable to gas vehicles by 2025, years ahead of schedule
#ev #cars
GM expects EV profits to be comparable to gas vehicles by 2025, years ahead of schedule
#ev #cars
β οΈπΊπΈ#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
βοΈ#GM #ALLY #watchlist
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
βοΈ#GM #ALLY #watchlist
πΊπΈ#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
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
π#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
ββββββββββ--
Almost all automakers have invested in hydrogen technology, but GM is leader #GM
Musk derides fuel cells as "fool cells" - details
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
ββββββββββ--
Almost all automakers have invested in hydrogen technology, but GM is leader #GM
Musk derides fuel cells as "fool cells" - details
π#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
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
πΊπΈ#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'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
πΊπΈ#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
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