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GM-GENERAL MOTORS CO

General Motors Reports 4.3% Increase in U.S. Sales for 2024, Focuses on Electrification and Cost Reductions Amid Competitive Market Challenges

Friday

10 January, 2025

General Motors has solidified its position as the leading U.S. automaker for 2024, achieving a notable sales increase driven by strong demand for its trucks and SUVs. As the company pivots towards electrification amidst fierce competition, can GM sustain its momentum in this rapidly evolving market?

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Key Takeaways
  • GM is poised for growth as the leading U.S. automaker in 2024, with a 4.3% increase in sales.
  • The company boasts significant financial stability, featuring $40.2 billion in liquidity and a $2 billion cost-saving initiative.
  • A substantial rise in electric vehicle sales, up 125% year-on-year in Q4 2024, underscores GM's commitment to electrification.
  • Projected earnings growth of 2.7% for 2025, along with a strong Zacks Rank #2, enhances GM's investment appeal.
  • Overall, GM is well-positioned to thrive in the changing automotive market.
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