GM Outlook: Strong Q4 Results Expected, But Challenges Remain in 2025
Financial Performance:
* Q4 revenue: $44.46 billion (estimated)
* Q4 adjusted EPS: $1.83 (estimated)
* Adjusted EPS (2024): $10 to $10.50
* Adjusted EBIT (2025): $14 billion to $15 billion
* Automotive operating cash flow (2025): $22 billion to $24 billion
Sales Strength:
* Q4 sales jumped 21% year-over-year
* 2.7 million vehicles sold in 2024, a 4% increase
* Strong performance in full-size pickups and SUVs
* Category win in full-size SUV segment for 50th consecutive year
EV Growth:
* Robust sales of Cadillac Lyriq and Chevrolet Equinox EV
* Revised EV production target: 200,000 units
* Plan to reduce EV costs by $2 billion to $4 billion in 2025
* EV profitability expected on a positive variable profit margin basis
Challenges:
* Recalibrated EV profit path
* $5 billion writedown in China business
* Threats of import duties from Canada, Mexico, and China
Investor Outlook:
* Guidance sought on EV and self-driving tech challenges
* Trade and regional issues to be addressed
* Strong financial performance expected for Q4
* Continued monitoring of challenges in 2025