General Motors (GM): Its Electric Vehicle Transition Is A Double-Edged Sword!

General Motors Company (GM) presented its financial results for the fourth quarter and calendar year of 2024, showcasing a series of strategic decisions and market maneuvers that paint a complex picture for potential investors. On the positive side, GM achieved significant growth with a 9% increase in full-year revenue, reaching $187 billion. The company marked a strong presence in the U.S. by becoming the leader in retail, fleet, and total sales, and it reported record figures in EBIT-adjusted, adjusted automotive free cash flow, and EPS diluted adjusted. GM’s market share rose to 16.5% for the year, ending the fourth quarter at 17.5%, the highest since 2018, barring pandemic impacts. This growth was fueled by both their internal combustion engine (ICE) vehicles and an expanding electric vehicle (EV) portfolio.