Earnings call: GM outlines robust 2023 performance, ambitious 2024 EV goals
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General Motors (GM) showcased a strong financial performance for 2023 and laid out ambitious plans for its electric vehicle (EV) and autonomous vehicle (AV) sectors during its Fourth Quarter and Calendar Year 2023 Earnings Conference Call. GM led U.S. vehicle sales, with a focus on maximizing its internal combustion engine (ICE) portfolio and growing its EV business. The company aims to produce up to 300,000 EVs in North America in 2024, subject to customer demand, and plans to return a substantial portion of its cash flow to shareholders. GM's adjusted earnings before interest and taxes (EBIT) for 2023 amounted to $12.4 billion, with an adjusted auto-free cash flow of $11.7 billion. The company also highlighted a commitment to reducing emissions and a confident outlook for 2024 with expected EBIT-adjusted between $12 billion and $14 billion.

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https://www.investing.com/news/stock-market-news/earnings-call-gm-outlines-robust-2023-performance-ambitious-2024-ev-goals-93CH-3288695