GM Surpasses Forecasts Despite $5 Billion Charges

General Motors (GM) exceeded Wall Street expectations for fourth-quarter 2024, reporting adjusted earnings per share of $1.92 and revenues of $47.7 billion, surpassing estimates of $1.85 EPS and $44 billion in revenue. Despite facing a net loss due to $5 billion in charges related to restructuring in China and its robotaxi business, GM's adjusted EBIT reached a record $14.9 billion for 2024, showcasing resilience in a challenging market. The automaker's North American operations remained strong, while international markets faced hurdles, particularly in China. Looking ahead, GM projects 2025 profits to be between $13.7 billion and $15.7 billion, with a focus on growing its electric vehicle market despite potential regulatory challenges. CEO Mary Barra highlighted GM's strides in EV production and market share, though acknowledging geopolitical uncertainties, including tariffs and tax credits, that could impact future performance.