GM Sees FY23 Capex $11B-$12B vs Prior Outlook Of $11B-$13B
Portfolio Pulse from Bill Haddad
General Motors (GM) has revised its capital expenditure (Capex) forecast for FY23 to $11B-$12B, down from the previous outlook of $11B-$13B.
July 25, 2023 | 10:32 am
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GM has lowered its capital expenditure forecast for FY23, which could indicate a more conservative approach to spending or a potential decrease in expected revenues.
A decrease in capital expenditure forecast could indicate a more conservative approach to spending, which might be due to a potential decrease in expected revenues or profits. This could negatively impact the company's stock price in the short term as it may signal a slowdown in growth or investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100