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Wall Street’s reaction to General Motors’ investor day was uneventful, with the company’s stock seeing little movement. GM highlighted its focus on improving profits for both electric vehicles and traditional internal combustion engine vehicles, aiming for adjusted earnings in 2025 to be similar to 2024. The event showcased GM’s achievements but lacked details on strategy, leading to mixed opinions from analysts.
GM expects its adjusted earnings in 2025 to be in a similar range to this year, with projections for narrower losses on electric vehicles. The company is also moving away from the “Ultium” name for its EV batteries and focusing on a multifaceted battery approach. Additionally, GM plans to continue growing sales and profits of traditional internal combustion engine vehicles, with an emphasis on cost-cutting measures.
The automaker will remain active in share buybacks and aims to retire about 250 million shares. GM’s Cruise autonomous vehicle unit and operations in China were highlighted, with a focus on turning around financial performance in China and addressing issues with Cruise. Other updates included progress on potential collaborations and plans for introducing plug-in hybrid electric vehicles in 2027.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
