General Motors reported second-quarter 2025 revenue of $47.1 billion and a net income attributable to stockholders of $1.9 billion, with an EBIT-adjusted figure of $3.0 billion. The company’s financial guidance for the full year remains unchanged. Details surrounding these results were provided in a news release and supplemental materials, which are accessible on GM's investor relations website.
In addition to the earnings report, GM plans to hold a conference call for investors and analysts to discuss the quarterly results. The call will feature GM's Chair and CEO Mary Barra alongside Chief Financial Officer Paul Jacobson. Investors can access the call via a specified phone number or listen to an audio replay available on GM's website after the event.
linkJul 22, 2025 07:32:44
General Motors (NYSE: GM) announced its first-quarter 2025 results, reporting revenue of $44.0 billion and a net income attributable to stockholders of $2.8 billion. This reflects a slight increase in revenue compared to the same quarter last year, but a decrease in net income and EBIT-adjusted figures. The company also noted a decrease in automotive operating cash flow and adjusted automotive free cash flow compared to the previous year.
In light of recent trade policy updates, GM has rescheduled its conference call for investors and analysts to discuss these results and provide updated full-year guidance for 2025. The call will take place on Thursday, May 1, at 8:30 a.m. ET. The initial guidance does not account for the potential impacts of tariffs on the company's financial performance.
linkApr 29, 2025 07:30:19
General Motors Company has entered into multiple new credit agreements, including a $10 billion five-year facility, a $4.1 billion three-year facility, and a $2 billion 364-day facility. These agreements are unsecured and will be available for use by GM and certain subsidiaries, with specific allocations for General Motors Financial Company, Inc. The facilities require GM to maintain significant liquidity levels, with at least $4 billion in global liquidity and $2 billion in U.S. liquidity.
The agreements include standard covenants such as restrictions on mergers, asset sales, and limitations on incurring additional debt. The interest rates on these facilities will depend on prevailing market rates and GM's credit ratings. Additionally, some lenders involved have existing relationships with GM, providing various financial services. The press release notes that certain information has been omitted to protect competitive interests.
linkMar 25, 2025 21:58:30
General Motors has approved a $0.03 increase in its quarterly dividend rate, raising it to $0.15 per share, effective from the next planned dividend in April 2025. The company also announced a new $6 billion share repurchase authorization, which includes a $2 billion accelerated share repurchase program expected to conclude in the second quarter of 2025. GM's leadership emphasized their commitment to capital allocation strategies that focus on growth, maintaining a strong balance sheet, and returning capital to shareholders.
However, the press release also highlighted potential challenges facing the company, including the competitive automotive industry and various operational risks. GM's capital spending for 2025 is projected to be between $10 billion and $11 billion, with more than $8 billion allocated for research and product development. The company acknowledged the need to remain agile in response to public policy changes and emphasized the importance of managing risks associated with supply chain disruptions, regulatory compliance, and competition in the market.
linkFeb 26, 2025 06:31:52
General Motors announced a full-year net income of $6.0 billion for 2024, which reflects a decline from the previous year's $10.1 billion. The company's revenue increased by 9.1% to $187.4 billion, with adjusted earnings per share rising by 38% to $10.60. However, the fourth quarter showed a net loss of $3.0 billion, primarily due to over $5 billion in special charges, including significant non-cash restructuring costs and a halt in funding for its Cruise robotaxi business. The company also reported a substantial loss in equity income from its China joint ventures.
Despite the challenges in the fourth quarter, GM's automotive operating cash flow for the year was $23.9 billion, a 14.9% increase from 2023. Adjusted automotive free cash flow also rose by 20.4% to $14.0 billion. The company anticipates a stable policy environment in North America and expects to benefit from reduced expenses at Cruise in 2025. However, the overall net income margin declined from 5.9% in 2023 to 3.2% in 2024, indicating pressure on profitability.
linkJan 28, 2025 07:24:53
General Motors is shifting its focus on autonomous driving towards personal vehicles, prioritizing the development of advanced driver assistance systems. The company is building on its Super Cruise feature, which is currently utilized in over 20 vehicle models and logging significant mileage. GM aims to integrate its Cruise LLC and technical teams to enhance its autonomous driving efforts, reflecting a commitment to improving customer driving experiences while leveraging its manufacturing strengths. Additionally, GM plans to acquire the remaining shares of Cruise to consolidate its ownership.
Conversely, GM will cease funding Cruise's robotaxi development due to the high costs and competitive challenges associated with scaling the business in that area. This decision indicates a strategic pivot as GM reallocates resources to focus on personal vehicle autonomy. The restructuring is expected to result in over $1 billion in annual savings, which will be implemented in the first half of 2025, highlighting the significant financial implications of this realignment.
linkDec 10, 2024 16:08:30
General Motors has reported a solid third-quarter performance for 2024, with revenues reaching $48.8 billion and a net income of $3.1 billion. Notably, the company has increased its earnings guidance for the year, showcasing improvements in adjusted earnings per share and automotive cash flow. The positive momentum in revenue and earnings reflects GM's strong operational performance and strategic investments, particularly in electric vehicle technology and manufacturing capabilities.
However, there are some concerns highlighted in the report, including a slight decline in net income margin and significant losses in its Cruise segment, which experienced an 88.2% drop in EBIT-adjusted income. Additionally, GM's China operations reported a loss, indicating challenges in that market. Despite these setbacks, the overall outlook remains optimistic as the company continues to focus on innovation and market expansion.
linkOct 22, 2024 07:26:32
General Motors has welcomed Al Kelly, former CEO of Visa, to its board of directors. Kelly brings extensive experience in finance and technology, which GM believes will enhance its growth in electric vehicles and innovative technologies. His leadership at Visa during a transformative period is seen as a valuable asset for GM as it seeks to innovate and improve customer experiences.
Kelly's appointment adds to a diverse board of 13 directors, with a strong focus on various industries including technology and digital commerce. GM's commitment to an all-electric future is further supported by this new addition, as the company continues to leverage its Ultium battery platform and expand its vehicle offerings under multiple brands. The board's composition, including a significant representation of women and independent members, reflects GM's dedication to inclusivity and strategic growth.
linkSep 05, 2024 08:08:59
General Motors announced a revenue increase to $48 billion and a net income of $2.9 billion for Q2 2024, reflecting a 14.3% rise. The company raised its full-year earnings guidance for the second consecutive quarter, indicating strong performance. However, there were notable losses in its international segment, particularly in China, which could be a concern. Overall, GM's positive financial outlook and robust cash flow highlight its ongoing recovery and growth strategy.
linkJul 23, 2024 07:13:18
Grant Dixton, a legal expert with experience in technology and manufacturing, joins General Motors as the new EVP and Chief Legal Officer. He will oversee legal, compliance, governance, privacy, and policy functions. Craig Glidden, the current officer, will shift focus to Cruise. Glidden has led GM's legal and policy transformation, emphasizing safety and bipartisan policy. GM aims for an all-electric future with the Ultium battery platform. CEO Mary Barra praises the leadership transitions, emphasizing the company's commitment to innovation and customer safety.
linkJun 25, 2024 16:26:01