GM CEO Says On Track To Achieve Positive Variable Profitability For EVs In Q4; 2025 Profits Will Be In Similar Range To 2024; We Believe Our EV Losses Peaked This Year
Portfolio Pulse from Benzinga Newsdesk
General Motors (GM) CEO announced that the company is on track to achieve positive variable profitability for its electric vehicles (EVs) by Q4. The CEO also stated that profits in 2025 are expected to be similar to those in 2024, and that EV losses have peaked this year.
October 08, 2024 | 5:58 pm
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GM is on track to achieve positive variable profitability for its EVs by Q4, with 2025 profits expected to be similar to 2024. The company believes its EV losses have peaked this year.
The announcement of achieving positive variable profitability for EVs by Q4 is a significant milestone for GM, indicating improved financial performance. The expectation of stable profits in 2025 and the peaking of EV losses this year suggest a positive outlook for the company's EV segment.
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