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Posts Tagged ‘gm earnings forecast’

GM Expects Improved Second-Half Earnings

Company's positive news runs counter to that of Ford.

by on Sep.22, 2016

GM Chairman and CEO Mary Barra appears to be on track for another solid year as the company re-affirmed its financial guidance for the 2016.

General Motors Co. re-affirmed its earlier forecast, calling for the company to make up to $6 per share and said it expects to exceed its cost-savings target of $5.5 billion, which will be more than enough to offset increased spending on new technology and ride-sharing.

The optimistic outlook was in sharp contrast from its crosstown rival Ford Motor Co., which reduced its profit forecast for the second half. Ford expects slower sales as well as higher costs for incentives and the launch of new vehicles and other initiatives.

Financial News!

GM also released a new report aimed providing additional insights about the company for the investment community. (more…)

GM Forecasts Profits to Rise in 2014

Maker credits new vehicles and general growth in global auto sales.

by on Jan.15, 2014

GM President Dan Ammann during the unveiling of the new Corvette Z06 on Monday.

With a new management team today taking office, its first dividend planned in nearly six year, and its stock already on the rise, General Motors has yet more news likely to make investors happy, the Detroit maker forecasting that its earnings are likely to rise “modestly” in 2014.

The maker credits a variety of factors that include an improving outlook for the overall global auto industry – but primarily due to a wave of its own new products that it hopes will yield increased sales and market share in key markets.

Automotive Insight!

“We continue to perform well in the two most important markets in the world, the U.S. and China,” said Mary Barra, who took over as GM’s new CEO today. “We’re taking advantage of our strength in these countries to restructure and make the investments necessary to grow profitably in other parts of the world.”

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