General Motors Company

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GM Says Now Projects Full-Year 2022 Adjusted Automotive Free Cash Flow Will Increase To $10 Billion - $11 Billion From Previous Guidance Of $7 Billion - $9 Billion

Published: 11/17/2022 20:09 GMT
General Motors Company (GM) - Gm - Now Projects Full-year 2022 Adjusted Automotive Free Cash Flow Will Increase to $10 Billion - $11 Billion From Previous Guidance of $7 Billion - $9 Billion.
Gm - Expects to Earn Low- to Mid-single-digit Ebit-adjusted Margins on Its Ev Portfolio in 2025, Before Positive Impact of Clean Energy Tax Credits.
Gm - Expects to Maintain Overall Ebit-adjusted Margins of 8% - 10% in North America Through 2025.
Gm - Now Projects 2022 Ebit-adjusted for Full Year Will Be in a Range of $13.5 Billion - $14.5 Billion, Compared to Its Previous Guidance of $13 Billion - $15 Billion.
Gm - Total Company Revenue is Expected to Grow at a 12% Compound Annual Rate Through 2025.
Gm CFO Says U.S. Subsidies Could Make Ev Profitability Comparable to Combustion Models.
Gm - Revenue From Evs is Expected to Be More Than $50 Billion in 2025.
Gm - Expects to Build 400,000 Evs in North America From 2022 Through H1 2024 and Grow Capacity to 1 Million Units Annually in North America in 2025.
Gm - Expects to Reach U.S. Battery Cell Capacity of More Than 160 Gwh and 1.2 Million Cells per Day by Mid-decade.
Gm - Focused on Reducing the Cell Costs for the Next Generation of Its Ultium Batteries to Under $70/kwh by Mid- to Late-decade.
Gm - Expects to Maintain Its Historical Ebit-adjusted Margins of 8% - 10% in North America Through 2023-2025.
Gm - Total Capital Spending is Expected to Be $11 Billion - $13 Billion per Year Through 2025, Funded by Ongoing Healthy Cash Flows.