General Motors (GM) delivered a positive profit outlook for 2025 after reporting full-year 2024 earnings that exceeded Wall Street estimates, despite a challenging fourth quarter impacted by special charges.
The automaker announced a 2024 net income attributable to shareholders of $6.0 billion, with EBIT-adjusted earnings of $14.9 billion. In the fourth quarter, GM reported a net income loss of $3.0 billion, while its EBIT-adjusted figure stood at $2.5 billion.
See also: General Motors and LG Energy Solution Unveil Prismatic Battery Cell Development Partnership
The fourth-quarter results included over $5 billion in special charges, comprising $4 billion in non-cash restructuring expenses and impairments related to joint ventures in China. GM also recorded $0.5 billion in charges due to its decision to cease funding its Cruise autonomous vehicle business.
“GMās 2025 financial guidance assumes a stable policy environment in North America and an estimated benefit of $0.5 billion from reduced year-over-year expenses at Cruise,” the company stated in its earnings report. GM added that its 2025 outlook also factors in anticipated capital expenditures of $10.0 billion to $11.0 billion, which include investments in its battery cell manufacturing joint ventures.
See also: Hyundai Expands Partnership with General Motors Amid U.S. Policy Changes
