General Motors announced its fourth-quarter 2024 results and a strong 2025 earnings forecast, surpassing analyst predictions largely due to robust consumer demand for its expensive gasoline-powered trucks and SUVs. The average vehicle price stood at $50,000. Despite anticipating a slight drop in pricing power and gas vehicle sales in 2025, GM expects to narrow its losses in the EV sector, reorganize its China operations for better results, and save costs by halting its robotaxi project. Projected net income exceeds market expectations, though potential regulatory changes pose risks.
General Motors reported fourth-quarter 2024 results and a 2025 earnings forecast that surpassed Wall Street expectations, driven by strong consumer demand for costly gasoline-powered trucks and SUVs.
The company projects net income to reach $11.2 billion to $12.5 billion this year, outperforming analyst expectations, despite potential challenges such as tariffs and EV incentives cuts.
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