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General Motors Company reports developments tied to its global auto business, including quarterly earnings, guidance, dividends, share repurchases, tariffs, and EV investment decisions. The company sells Buick, Cadillac, Chevrolet, and GMC cars, trucks, SUVs, and electric vehicles, with GM Financial serving as its captive finance arm.
Recurring updates also cover charging access through brand apps, dealer service-technician training, Cadillac brand and motorsports partnerships, and manufacturing or capacity changes related to vehicle demand and emissions policy. News commonly connects GM's product portfolio, capital allocation, and technology initiatives with conditions in the North American and international automotive markets.
General Motors (GM) has announced significant shareholder-friendly initiatives, including a new $6 billion share repurchase authorization and a quarterly dividend increase. The company will execute $2 billion of the repurchase through an Accelerated Share Repurchase (ASR) program expected to conclude in Q2 2025.
The quarterly dividend will increase by $0.03 to $0.15 per share, effective from the next planned dividend in April 2025. GM's capital spending for 2025 is projected at $10-11 billion, with over $8 billion allocated to research and product development.
As of December 31, 2024, GM had less than 1 billion total shares outstanding, with weighted average common shares of 1.055 billion in 2024. The company maintains $4.3 billion capacity for additional opportunistic share repurchases outside the ASR program.
General Motors (GM) reported full-year 2024 net income of $6.0 billion and EBIT-adjusted of $14.9 billion. The fourth quarter showed a net loss of $3.0 billion, impacted by over $5 billion in special charges, including $4 billion in restructuring and China joint venture impairments, plus $0.5 billion related to Cruise robotaxi.
Full-year 2024 revenue increased 9.1% to $187.4 billion, with EBIT-adjusted margin improving to 8.0%. The company's 2025 guidance projects net income of $11.2-12.5 billion and EBIT-adjusted of $13.7-15.7 billion, assuming stable North American policy environment and $0.5 billion benefit from reduced Cruise expenses.
Notable metrics include automotive operating cash flow of $23.9 billion and adjusted automotive free cash flow of $14.0 billion for 2024. GMNA EBIT-adjusted margin improved to 9.2%, while GMI faced challenges with China equity income showing a significant loss of $4.4 billion.
General Motors (NYSE: GM) has announced its Board of Directors' declaration of a quarterly cash dividend of $0.12 per share on the company's outstanding common stock. The dividend will be payable on March 20, 2025, to stockholders of record at the close of trading on March 7, 2025.
The company continues its focus on driving transportation's future through advanced technology, developing safer, smarter, and lower emission vehicles. GM's portfolio includes both innovative gasoline-powered vehicles and electric vehicles across its Buick, Cadillac, Chevrolet, and GMC brands, as part of its transition towards an all-electric future.
GM Defense announced it will supply next-generation Suburban Shield armored vehicles to the Qatar Armed Forces and Special Forces Command for diplomatic security and VIP transport. The vehicle is based on GM's full-size truck architecture, featuring commercial parts while incorporating a new body-on-frame chassis and suspension system designed for increased weight and performance requirements.
The Suburban Shield integrates protective armor during the original design and manufacturing process, departing from traditional after-market modifications. The vehicle leverages GM's digital engineering and global quality management systems to ensure high performance and reliability. GM Defense is already providing customized Suburban Shields to the U.S. Department of State's Diplomatic Security Service.
ChargePoint (NYSE: CHPT) and General Motors (GM) have announced a collaboration to install hundreds of ultra-fast EV charging ports across the United States by the end of 2025. The initiative features ChargePoint's Omni Port system, which enables both CCS and NACS charging without adapters, and the Express Plus platform capable of charging speeds up to 500kW.
The collaboration includes an incentive program to facilitate third-party charge point operators (CPOs) in owning and operating EV charging infrastructure. The stations will be branded as GM Energy and aim to improve charging accessibility while providing faster charging experiences for EV drivers.
Nouveau Monde Graphite (NMG) has secured a US$50-million equity investment from Canada Growth Fund (CGF) and the Government of Québec through Investissement Québec. The investment involves issuing 39,682,538 common shares at US$1.26 per share, with each share accompanied by a warrant exercisable at US$2.38. The funding will support NMG's Phase-2 Matawinie Mine and Bécancour Battery Material Plant development through detailed engineering and long-lead item orders.
The investment marks CGF's first direct investment and demonstrates continued support from Québec. The deal is expected to close around December 19, 2024, subject to regulatory approvals. NMG plans to release an updated feasibility study for its integrated Phase-2 operations in early Q1-2025, focusing on optimizing production parameters, engineering, and cost projections.
EVgo (NASDAQ: EVGO) and General Motors have achieved a significant milestone by surpassing 2,000 public fast charging stalls across the United States. The charging infrastructure spans 390 locations in 45 metropolitan markets across 32 states, doubling their footprint in just over a year. The companies are progressing toward their target of 2,850 DC fast charging stalls nationwide, including 400 public fast charging stalls at flagship destinations in major metropolitan markets.
Their 2,000th stall, located in Murrieta, CA, features five 350kW fast chargers capable of serving up to 10 vehicles simultaneously. The collaboration focuses on installing chargers in amenity-rich locations such as grocery stores, retail centers, and city centers, particularly serving customers unable to charge at home or work.
General Motors (GM) has achieved a historic milestone by conducting the largest hands-free caravan across the Bay Bridge between San Francisco and Oakland, featuring all 20 of their Super Cruise-enabled vehicles. Launched in 2017, Super Cruise stands as the industry's first true hands-free advanced driver assistance system, offering the widest selection of compatible models compared to competitors who have nine or fewer. GM's system uniquely provides hands-free towing capabilities. The company plans to expand its hands-free technology lineup in 2025 with upcoming models including the Cadillac VISTIQ and Escalade IQ.
Nouveau Monde Graphite (NMG) reports progress on its Phase-2 operations, with integrated feasibility study results expected in Q1-2025. The company has received cumulative expressions of interest totaling approximately $1.4 billion for project financing and is eligible for a $350 million Canadian investment tax credit. NMG is advancing product qualification and commercial requirements with anchor customers Panasonic Energy and GM, who committed approximately US$275 million in future funding upon positive FID. The company awarded the Matawinie Mine's electrical substation contract to ABB and continues zero-emission mining equipment development with Caterpillar. Period-end cash position stands at $56.5 million.
GM Defense has completed production of its first Suburban Shield vehicles for the U.S. State Department's Diplomatic Security Service (DSS) HD SUV program. The vehicle features a new body-on-frame chassis, enhanced suspension, and incorporates commercial parts from GM's global supply chain. Assistant Secretary Smith praised the prototype's performance, noting superior acceleration, handling, and braking compared to existing vehicles. The program, awarded to GM Defense last year, will support DSS and other federal agencies with vehicles designed for challenging diplomatic missions.