The company said it expects net income attributable to stockholders of $10.0 billion to $11.4 billion, EBIT-adjusted of $13.0 billion to $15.0 billion and EPS-diluted-adjusted of $9.50 to $10.50 for the year ending on December 31, 2024.

1. 01

   The company said it expects net income attributable to stockholders of $10.0 billion to $11.4 billion, EBIT-adjusted of $13.0 billion to $15.0 billion and EPS-diluted-adjusted of $9.50 to $10.50 for the year ending on December 31, 2024.

2. 02

   The company said Cruise indefinitely delayed development work on the Origin and recorded restructuring charges of $0.6 billion in the 3 months ended June 30, 2024, primarily related to non-cash write-offs of Origin assets.

3. 03

   The company said its Automotive China JVs posted an equity loss of $0.2 billion in the 6 months ended June 30, 2024, citing lower wholesale volumes and intense competition as key factors.

4. 04

   The company cited lower campaigns and other warranty-related costs of $0.7 billion, lower EV-related costs of $0.5 billion and higher equity earnings from Ultium Cells Holdings LLC of $0.3 billion as factors that decreased Cost in the 3 months ended June 30, 2024.

Key figures

Quarter ended June 30, 2024

Revenue

$44.1B

Operating income

$3.9B

Net income

$2.9B

EPS

$2.55

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.