{"id":8678,"date":"2024-10-09T19:38:43","date_gmt":"2024-10-10T01:38:43","guid":{"rendered":"http:\/\/uawlocal2250.net\/live\/?p=8678"},"modified":"2024-10-09T19:38:43","modified_gmt":"2024-10-10T01:38:43","slug":"gm-ceo-says-more-profitable-days-ahead","status":"publish","type":"post","link":"https:\/\/uawlocal2250.net\/live\/index.php\/2024\/10\/09\/gm-ceo-says-more-profitable-days-ahead\/","title":{"rendered":"GM CEO Says More Profitable Days Ahead"},"content":{"rendered":"<p>Reuters spreads the word that <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/gm-seeks-ease-investor-concerns-ev-growth-slows-2024-10-08\/\">GM CEO assures Investors More profitable days ahead<\/a>&#8230;<\/p>\n<blockquote>\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\">Barra emphasized at an investor day on Tuesday in Spring Hill, Tennessee, that profit margins have not peaked on traditional internal combustion engine (ICE) powered vehicles, and its EV sales are ramping up, something\u00a0<a class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__link__3Ji6W link__underline_default__2prE_\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/gm-seeks-ease-shareholders-nerves-investor-day-2024-10-02\/\">sources previously told Reuters would be outlined.<\/a>\u00a0That includes 2025 profits in the same range as 2024, she said.<\/div>\n<div class=\"article-body__element__2p5pI\"><\/div>\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\">&#8220;I believe before the day is done, that you&#8217;ll agree that GM has plenty of upside relative to the consensus view that the auto industry has reached peak profitability,\u201d Barra told investors.<\/div>\n<\/blockquote>\n<div>GM North American profits so far are $8.273 billion.\u00a0 That equates to approximately $8,200 profit sharing.\u00a0 3rd quarter financials will be released on October 22, 2024.<\/div>\n<div><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/cdn.pixabay.com\/photo\/2012\/04\/24\/17\/41\/money-40603_1280.png\" alt=\"Free money bag profit vector\" \/><\/div>\n<div>(graphic courtesy of Clker-Free-Vector Images)<\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Reuters spreads the word that GM CEO assures Investors More profitable days ahead&#8230; Barra emphasized at an investor day on Tuesday in Spring Hill, Tennessee, that profit margins have not peaked on traditional internal combustion engine (ICE) powered vehicles, and its EV sales are ramping up, something\u00a0sources previously told Reuters would be outlined.\u00a0That includes 2025 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17],"tags":[60],"class_list":["post-8678","post","type-post","status-publish","format-standard","hentry","category-union-contracts","tag-profit-sharing"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/posts\/8678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/comments?post=8678"}],"version-history":[{"count":1,"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/posts\/8678\/revisions"}],"predecessor-version":[{"id":8680,"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/posts\/8678\/revisions\/8680"}],"wp:attachment":[{"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/media?parent=8678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/categories?post=8678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/tags?post=8678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}