GM beats Q3 expectations, but challenges still lie ahead

By / / Automotive / 1 minute of reading


GM posted strong Q3 financials, but ongoing losses from EVs, robotaxis, and a shrinking Chinese market continue to drain resources. By Will Girling

General Motors released its Q3 2024 results on 22 October 2024. Overall, the company’s financial performance was positive: revenue for the quarter was US$48.8bn (+10.5% year-on-year), its full-year EBIT was increased from US$13bn-14bn to US$14bn-15bn, and earnings per share stood at US$2.96. GM managed to beat both Wall Street’s revenue forecast (US$44.6bn) and analysts’ share price expectations (US$2.43), according to Reuters.

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About The Author

Avatar of Kerry Gates
Kerry Gates is a news writer for Midlandia Press. She writes about arts, automotive, travel, and fashion. She also loves to spend time with her family and friends, go on road trips, and read historical fiction.

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