GM beats Wall Street estimates, forecasts continued strong profit in 2024
Publishing timestamp: 2024-01-30 09:32:03
Summary
General Motors (GM) reported better-than-expected fourth-quarter results and provided strong guidance for 2024. Despite challenges in the Chinese market and potential economic headwinds, GM expects another year of strong financial performance. The company plans to spend less on its autonomous vehicle subsidiary Cruise and remains committed to expanding its electric vehicle lineup. GM's stock rose more than 8% following the announcement.
Sentiment: NEUTRAL
Tickers: GM,
Keywords: breaking news: earnings, autos, breaking news: business, business, general motors co, paul jacobson, earnings, dividends, transportation, business news, united states, climate, mary barra,
Source: https://www.cnbc.com/2024/01/30/general-motors-gm-earnings-q4-2023.html