GM CFO Says Company Expects Its EV EBIT Losses To Narrow By $2B-$4B For Next Year; Expects Improving EV Profitability To Be A 'Significant Tailwind' For 2025
Portfolio Pulse from Benzinga Newsdesk
General Motors (GM) anticipates a reduction in its electric vehicle (EV) EBIT losses by $2 billion to $4 billion for the next year. The company expects this improvement in EV profitability to be a significant positive factor for 2025.
October 08, 2024 | 7:46 pm
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General Motors projects a $2B-$4B reduction in EV EBIT losses next year, with significant profitability improvements expected by 2025.
The announcement of narrowing EV EBIT losses by $2B-$4B indicates a positive shift in GM's financial performance in the EV sector. This is likely to boost investor confidence and positively impact GM's stock price in the short term. The expectation of significant profitability improvements by 2025 further strengthens the outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100