General Motors Results and the highest Wall Street goals thanks to trucks that work with gas and four -wheel drive vehicles

General Motors published on Tuesday the results of the fourth quarter 2024 and profit forecasts 2025 before Wall Street’s expectations, as the American auto manufacturer continued to see a strong demand for consumers on its trucks and gasoline four -wheel drive vehicles.

General Motors sold vehicles at an average price of $ 50,000 for this year, and executive officials see a decrease of 1 percent to 1.5 percent on pricing energy in North America and a modest decline in gas vehicles in 2025, leaving them relatively strong. position.

The company expects to narrow the losses with its battery vehicles, and the reorganization of China’s business will improve results, and General Motors end the development of Robotaxi in Cruise, its independent car unit, which will lead to saving.

The auto industry company expects a net income ranging from $ 11.2 billion to 12.5 billion dollars this year, as it leads the expectations of analysts of $ 10.8 billion, and it was calculated by the Stock Exchange Group in London. The guidance does not explain the customs tariffs, discounts in the incentives of electric vehicles and tax changes, which US President Donald Trump threatened to impose.

General Motors is one of the car manufacturers that have been subjected to Trump’s plans on two important fronts: EVS, where they made aggressive investments and definitions, because it contains great manufacturing in Mexico and Canada, the countries targeted by Trump.

Detroit Carmaker does not cut EV losses, but in 2024 it said that the revenues were higher than fixed costs, including employment and material costs, a scale called positive changing profitability. The number does not include costs such as assembly lines, but indicates financial progress in EV.

Paul Jacobson, Director of Finance in a call with correspondents, said that General Motors did not achieve its goal of producing and trade 200,000 EVS in North America per year, and instead ended in 189,000 units in wholesale. General Motors reduced EV stocks from 100 days at the end of the third quarter to 70 days.

General Motors previously expected that EV operating losses will narrow between two billion dollars and 4 billion dollars this year from unannounced levels, although Jacobson told reporters that the decrease in losses is likely to be closer to the end of two billion dollars based on a wholesale goal of 300,000.

“We believe that we can develop our request EV. We will continue to know how to approve EV in 2025,” said Jacobson.

The fourth -quarter revenues of General Motors worth $ 47.7 billion exceeded the expectations of analysts of $ 43.9 billion. The profits of the average car maker per share also exceeded $ 1.92 per quarterly the expenses of the analysts amounting to $ 1.89 per share.

Restructuring fees

General Motors told pre -tax profits of $ 2.5 billion in this quarter, but it recorded a net loss of $ 3 billion, mostly due to 4 billion dollars of restructuring fees in China as it lost $ 4.4 billion a year. Jacobson said that the China company returned to profitability before restructuring the fees in the fourth quarter.

Jacobson said: “General Motors and its partner in the Chinese project,” are implementing a wide range of restructuring initiatives that we highlighted this year, which will include reducing the ability to work at the levels of use about 80 percent or better. “It was completed without additional capital of General Motors.

General Motors partners with Saic Motors in China to build Boik, Chevrolet and Cadillac cars.

GM profits per share exceeded $ 10.60 for this year, market expectations of $ 10.39. General Motors revenue of $ 187 billion winning estimates of $ 183 billion. General Motors assumed responsibility for $ 500 million in the fourth quarter of the unit of self -rule.

In December, the auto industry has announced its plans to stop financing the Robotaxi program in Cruise after investing $ 10 billion in information technology since 2016.

Instead focuses General Motors on providing independent technology for personal vehicles and expecting to save $ 500 million this year on a cruise.

The results follow the 2024 GM sales report of 2.7 million cars sold for this year, an increase of 4 percent over 2023.

General Motors sold 114,432 EVS per year, a 50 percent increase from 2023. The electrified versions of the Chevrolet of Moderation and the JM sales of GM sales, as Cadillac Lerke did with its sales that exceed the luxury four -wheel drive vehicles that the gas outperforms.