GM said it expects net income attributable to stockholders for the year ending December 31, 2024 to be between $10.1 billion and $11.5 billion, with EBIT-adjusted between $12.5 billion and $14.5 billion. It said EPS-diluted-adjusted is expected to be between $9.00 and $10.00.

1. 01

   GM said it expects net income attributable to stockholders for the year ending December 31, 2024 to be between $10.1 billion and $11.5 billion, with EBIT-adjusted between $12.5 billion and $14.5 billion. It said EPS-diluted-adjusted is expected to be between $9.00 and $10.00.

2. 02

   The company said total U.S. vehicle sales were 0.6 million units for the quarter ended March 31, 2024, with a market share of 15.4%, down 1.0 percentage points from the same period a year earlier. U.S. industry sales in the same quarter rose 4.8% to 3.9 million units.

3. 03

   The company said total vehicle sales in China were 0.4 million units in the quarter ended March 31, 2024, with a market share of 7.9%, down 1.2 percentage points from the same period a year earlier. It said its Automotive China JVs recorded an equity loss of $0.1 billion, mainly reflecting reduced production.

4. 04

   The company said Cruise voluntarily paused all of its driverless, supervised and manual AV operations in the U.S. following the incident in October 2023. It said Cruise announced plans in April 2024 to resume manual driving to create maps and gather road information, starting in Phoenix. The company said it is not able to predict when Cruise will resume driverless or commercial AV operations.

Key figures

Quarter ended March 31, 2024

Revenue

$39.2B

Operating income

$3.7B

Net income

$3.0B

EPS

$2.56

Operating cash flow

$3.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.