GM CFO Says Company Expects Benefit From IRA To Be About $800M In 2024 And Expand From There
Portfolio Pulse from Benzinga Newsdesk
General Motors (GM) anticipates a financial benefit of approximately $800 million in 2024 from the Inflation Reduction Act (IRA), with expectations for this benefit to grow in subsequent years.
October 08, 2024 | 7:41 pm
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General Motors expects to gain around $800 million in 2024 from the Inflation Reduction Act, with potential for increased benefits in the future.
The announcement of a significant financial benefit from the IRA is likely to positively impact GM's stock price as it suggests increased future revenues and profitability. The expectation of growth beyond 2024 further enhances the positive outlook.
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