GM Raises 2022 Guidance and Expects North American EV Portfolio to be Profitable in 2025 as Annual Capacity Tops 1 Million
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November 17, 2022 4:14 PM EST
Wedbush reiterated an Outperform rating and $42.00 price target on General Motors (NYSE: GM) after attending the companys investor meeting today in New York. GM used the opportunity to check up on the companys electrification strategy.
Analyst Daniel Ives wrote in a note Given the supply chain issues and global macro, GM easily could have been more cautious around targets, battery production, and overall demand looking ahead for the coming years. Instead, Barra & Co. came out... More
November 17, 2022 3:49 PM EST
General Motors (NYSE: GM) said Thursday that it expects its portfolio of electric vehicles in North America to be "solidly profitable" in 2025.
The automotive manufacturing company told investors in a meeting that it is aiming to scale its electric vehicle capacity to more than 1 million units annually, ramp up its software revenue opportunities, generate significant greenhouse gas benefits, and realize the positive... More
