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GM earnings: What to expect as legacy carmaker struggles to find its next catalyst
GMGM(US:GM) Market Watch·2024-01-30 05:11

General Motors Co. is scheduled to report quarterly earnings before the bell Tuesday amid concerns about its EV business and a slow start to the year for the auto industry. GM’s fourth-quarter earnings and guidance “will be solid but unlikely to be a significant catalyst for the stock,” Chris McNally at Evercore ISI said in a note Monday. Tailwinds include 1.5billionto1.5 billion to 1.7 billion in cost savings and lower expenses with Cruise, GM’s autonomous-driving division, but those are likely to be countered by in ...