PR Newswire
CONCORD, N.C., Oct. 28, 2024 /PRNewswire/ -- GM Defense has completed production of the first vehicles in support of the Diplomatic Security Service's Heavy-Duty armored Sport Utility Vehicle (HD SUV) program. DSS is the law enforcement and security arm of the U.S. Department of State.
GM marked the milestone event with Assistant Secretary of State for Diplomatic Security Gentry Smith and other key stakeholders at GM Defense's Concord, North Carolina-based Manufacturing and Customer Innovation Center.
DETROIT, Oct. 22, 2024 /PRNewswire/ -- General Motors (NYSE: GM) today reported third-quarter 2024 revenue of $48.8 billion, net income attributable to stockholders of $3.1 billion, and EBIT-adjusted of $4.1 billion.
GM is also updating its 2024 full-year earnings guidance for the third consecutive quarter:
Updated 2024 Guidance
Previous 2024 Guidance
Net income attributable to stockholders
$10.4 billion - $11.1 billion
$10.0 billion - $11.4 billion
EBIT-adjusted
$14.0 billion - $15.0 billion
$13.0 billion - $15.0 billion
Automotive operating cash flow
$22.0 billion - $24.0 billion
$19.2 billion - $22.2 billion
Adjusted automotive free cash flow
$12.5 billion - $13.5 billion
$9.5 billion - $11.5 billion
EPS-diluted
$9.14 - $9.64
$8.93 - $9.93
EPS-diluted-adjusted
$10.00 - $10.50
$9.50 - $10.50
DETROIT, Oct. 21, 2024 /PRNewswire/ -- General Motors (NYSE: GM) announced today that its Board of Directors has declared a fourth-quarter 2024 cash dividend on the company's outstanding common stock of $0.12 per share payable Dec. 19, 2024, to all common shareholders of record as of the close of trading on Dec. 6, 2024.
General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. Learn more at GM.com.
NEW YORK, Sept. 12, 2024 /PRNewswire/ -- General Motors (NYSE: GM) and Hyundai Motor Company (KRX: 005380 KS) have signed an agreement to explore future collaboration across key strategic areas.
NEW YORK, Sept. 12, 2024 /PRNewswire/ -- General Motors (NYSE: GM) and Hyundai Motor Company (KRX: 005380 KS) have signed an agreement to explore future collaboration across key strategic areas.
GM and Hyundai will look for ways to leverage their complementary scale and strengths to reduce costs and bring a wider range of vehicles and technologies to customers faster.
NEW YORK, Sept. 12, 2024 /PRNewswire/ -- General Motors (NYSE: GM) and Hyundai Motor Company (KRX: 005380 KS) have signed an agreement to explore future collaboration across key strategic areas.
GM and Hyundai will look for ways to leverage their complementary scale and strengths to reduce costs and bring a wider range of vehicles and technologies to customers faster.
NEW YORK, Aug. 17, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of General Motors Company ("GM" or the "Company") (NYSE: GM). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether GM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
NEW YORK, Aug. 9, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of General Motors Company ("GM" or the "Company") (NYSE: GM). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether GM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
NEW YORK, July 24, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of General Motors Company ("GM" or the "Company") (NYSE: GM). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether GM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
GM Defense Canada Anticipates Delivery of First Vehicles Five Weeks After Contract Award
OSHAWA, ON, July 23, 2024 /PRNewswire/ -- GM Defense Canada, a subsidiary of GM Defense, has been awarded a C$35.8 million contract by the Canadian Armed Forces (CAF) for 90 light tactical vehicles (LTVs), with an option to procure up to an additional 18 LTVs. GM Defense Canada will also deliver training, technical manuals and additional vehicle content sourced from Canadian companies.
DETROIT, July 23, 2024 /PRNewswire/ -- General Motors Co. (NYSE: GM) today reported second-quarter 2024 revenue of $48.0 billion, net income attributable to stockholders of $2.9 billion and EBIT-adjusted of $4.4 billion.
GM is also updating its 2024 full-year earnings guidance for the second consecutive quarter:
Updated 2024 Guidance
Previous 2024 Guidance
Net income attributable to stockholders
$10.0 billion - $11.4 billion
$10.1 billion - $11.5 billion
EBIT-adjusted
$13.0 billion - $15.0 billion
$12.5 billion - $14.5 billion
Automotive operating cash flow
$19.2 billion - $22.2 billion
$18.3 billion - $21.3 billion
Adjusted automotive free cash flow
$9.5 billion - $11.5 billion
$8.5 billion - $10.5 billion
EPS-diluted
$8.93 - $9.93
$8.94 - $9.94
EPS-diluted-adjusted
$9.50 - $10.50
$9.00 - $10.00
DETROIT, July 22, 2024 /PRNewswire/ -- General Motors Co. (NYSE: GM) announced today that its Board of Directors has declared a third-quarter 2024 cash dividend on the company's outstanding common stock of $0.12 per share payable Sept. 19, 2024, to all common shareholders of record as of the close of trading on Sept. 6, 2024.
General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in safety services and connected vehicle technology, can be found at https://www.gm.com.
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