GM, Wall Street and SUVs
GM results top Wall Street targets; shares slump as tariff threat looms
General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations, but shares fell sharply in trading Tuesday as investors weighed the threat of tariffs that could hit the automaker's business.
GM Results and Forecast Top Wall Street Targets Thanks to Gas-Powered Trucks and SUVs
DETROIT (Reuters) - General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations as the U.S. automaker continued to see strong consumer demand for its pricey gasoline-powered trucks and SUVs.
General Motors (NYSE: GM) closed out a strong 2024 with fourth-quarter results that beat Wall Street's expectations. The U.S.
General Motors Co.'s full year net income was down 41% from 2023 after losing $3 billion in the fourth quarter.
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