Tue Jan 28 11:50:00 UTC 2025: ## GM Exceeds Expectations, Forecasts Strong 2025 Despite Headwinds

**DETROIT —** General Motors (GM) reported better-than-expected fourth-quarter and full-year 2024 results, exceeding Wall Street forecasts despite challenges. The automaker anticipates continued strong performance in 2025, projecting net income of $11.2 billion to $12.5 billion, surpassing analyst predictions.

While GM achieved record adjusted EBIT of $14.9 billion in 2024, its fourth-quarter net income was impacted by a $3 billion loss, primarily due to $4 billion in non-cash restructuring charges related to its Chinese operations and $500 million in charges linked to the termination of Cruise robotaxi funding. Despite this, the company’s full-year revenue rose 9.1% to $187.44 billion.

GM’s North American operations remained a key driver of profitability, with adjusted earnings increasing 18.1% to $14.53 billion. However, international operations saw a significant decline in earnings, largely due to losses in China stemming from restructuring. The company emphasizes it will not inject further capital into China.

Looking ahead, GM forecasts a substantial increase in EV sales to approximately 300,000 units in 2025, projecting a $2 billion to $4 billion profit improvement compared to 2024. This growth will be driven by improved scale, cost reductions, and increased EV profitability. The automaker expects to utilize its strong financial position to return value to shareholders and reduce debt.

Despite a positive outlook, GM acknowledges uncertainty surrounding US trade, tax, and environmental regulations under the new administration. While CEO Mary Barra noted productive conversations with President Trump, potential tariffs and regulatory changes could impact future performance. GM anticipates relatively flat US industry vehicle sales in 2025 and a slight decline in vehicle pricing.

This optimistic forecast comes despite industry-wide sales slowing and ongoing restructuring efforts. GM remains committed to expanding its EV portfolio and maintaining its position in the market.

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