2024-01-31 17:19:29 ET
Summary
- General Motors' shares surged nearly 10% after the release of its Q4 financial results and bullish forecast.
- GM forecasts adjusted pre-tax profits of $12 billion to $14 billion in 2024, compared to $12.4 billion in 2023.
- The automaker plans to introduce plug-in hybrid models as a bridge technology before full electrification.
Investors cheered following the release of General Motors Company’s ( GM ) fourth quarter financial results and the discussion of specifics with CEO Mary Barra, GM’s CFO Paul Jacobson and financial analysts. Shares immediately surged nearly 10% in value and have risen higher a day later....
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GM Posts Strong ICE Financials And Shifts Toward More Gas-Electric Hybrid Technology