Automaker GM exceeds expectations

The adjusted earnings before interest and taxes (Ebit) are expected to reach 13.7 to 15.7 billion US dollars by 2025, as the automaker announced. Previously, GM had indicated that results were expected to be at the previous year's level, which amounted to 14.9 billion dollars. The adjusted earnings per share are expected to increase from 10.60 to between 11.00 and 12.00 dollars. Analysts had expected less in this regard.

Better than expected

In the final quarter, as expected, write-downs and restructuring costs for the overhaul of the loss-making China business were a burden. They amounted to four billion dollars, plus half a billion in costs related to the halt of the Cruise robotaxi project.

Overall, General Motors recorded a loss of just under three billion dollars for the quarter, compared to a profit of just over two billion dollars in the same period last year. The adjusted earnings per share increased by more than half to 1.92 dollars, exceeding analysts' expectations.