GM expects 2025 adjusted earnings similar to 2022 forecast, targets profitability in EV production by end of 2023.

General Motors (GM) anticipates that its adjusted earnings in 2025 will be similar to this year's forecast of $13 billion to $15 billion. CFO Paul Jacobson highlighted that achieving these targets is crucial amid industry challenges like declining auto sales. GM plans to produce about 200,000 electric vehicles (EVs) in 2024 and aims for profitability in EV production by the end of 2023, with earnings bolstered by improved performance in both EVs and traditional vehicles.

October 08, 2024
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