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GM earnings top forecasts, company raises outlook and sees ‘variable profit’ in EV unit by year-end
General Motors (GM) kept the earnings momentum going with strong first quarter results on Tuesday, as the automaker upped its full-year guidance and said it still sees “positive variable profit” in its EV business in the back half of 2024. For the quarter, GM reported top-line revenue of $43.0 billion, more than the $42.09 billion […]
GM boosts full-year guidance after strong Q1 beat; still sees ‘variable profit’ in EV unit by year end
GM (GM) kept the earnings momentum going with strong first quarter results on Tuesday, resulting in the automaker upping its full-year guidance. GM said it still sees “positive variable profit” in its EV business in the back half of 2024. For the quarter, GM reported top-line revenue of $43.0 billion, compared with the $42.09 billion […]