General Motors reported a net income of $6.0 billion for 2024 but incurred a $3.0 billion loss in Q4 due to significant special charges exceeding $5 billion. The company is not overly concerned about potential impacts from Donald Trump's policy changes, projecting $10.0 billion - $11.0 billion in capital spending for 2025, including battery cell manufacturing investments. GM's financial outlook hinges on a stable North American policy environment as they adjust to recent operational shifts, including halting funding for the Cruise robotaxi venture.
GM's 2025 financial guidance assumes a stable policy environment in North America and an estimated benefit of $0.5 billion from reduced year-over-year expenses at Cruise.
The automaker's net income in the fourth quarter of last year was reduced by over $5 billion in special charges. The special charges include $4 billion of non-cash restructuring charges and impairment of interest in China Joint Ventures.
For Q4 2024, GM reported a net income loss of $3.0 billion, and EBIT-adjusted was $2.5 billion.
General Motors delivered its positive 2025 profit outlook after reporting earnings that beat Wall Street estimates.
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