Top General Motors Co. executives, including chair and CEO Mary Barra, center, take questions from ..
. [+] financial analysts during its Investor Day program on October 8, 2024. Profits will remain steady, electric vehicle sales will improve, demand for internal combustion engine, ICE, vehicles is still strong, and, oh yeah, that Ultium battery brand we spent a mint promoting, is going away.
Those were all messages delivered by General Motors Co. chair and CEO Mary Barra along with other top executives Tuesday at GM’s Spring Hill, Tenn. plant in a room packed with investment analysts who can affect the fate of a company’s share price by the guidance they give to their clients and news media.
While not offering specific guidance for 2025, during her Investors Day presentation Barra said she expected the company’s financial performance next year will be “in a similar range” to 2024. GM, like some of its competition, is caught between the desire to increase its portfolio to battery electric vehicles which remain a slim segment of the retail market and the need to continue developing and producing more popular ICE vehicles, especially high-profit full-size pickups and SUVs which bankroll those EV dreams. Paul Jacobson, General Motors chief financial officer, giving a presentation to financial analysts .
.. [+] during the company's Investor Day program on October 8, 2024.
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