GM is a more profitable company than Tesla.
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Adding most Americans who were going to buy an EV will never buy an EV that has had anything on earth to do with Elon Musk.
Kiss Tesla good bye. Garbage man.
AI is a commodity product. We just had proof of that with Deepseek.
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Tesla’s BoD needs to fire Musk. He is a mess.
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But someone said something mean about Amazon 15 years ago, so declining sales is actually good news! Suck it haters!
j/k
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The Cadillac Lyric is also the best selling luxury EV in the US. (I nearly bought it over my Acura ZDX). I just wish GM didn’t ditch CarPlay.
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How long before GM declares bankruptcy ?
We are moving into an openly, proudly, EV hostile regime.
Steve
On the $15 billion profit? I do not know.
Headed up by Elon. Go figure?
Serious question what is CarPlay?
CarPlay is Apple’s equivalent to Android Auto. These services mirror your phone to your car’s display and lets you use their maps, music services, get instant messages through voice, make phone calls, etc.
I like it much better than the built-in systems in my cars. Listening to Apple Music is much easier this way. I can text by voice. I prefer Apple Maps to the car’s built-in Google map for navigation.
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GM has its eyes on the prize. While I do not believe in completely driverless and I am right for now, the passengers are a goldmine.
That’s not how bankruptcy works! If they do ever go bankrupt, it would be on the $120 billion of debt that they have. Then when the dust settles, absent government intervention, the creditors (the folks who own that debt) eventually become the owners of the company instead of the current owners. Right now, GM can easily cover their debt repayments, so there is no danger of imminent bankruptcy.
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GM has a small presence in Europe and their joint venture in China with SAIC doesn’t seem very successful:
GM seems very dependent on the US market. If the US market goes south because of, I don’t know… some tariff war or something then GM may have problems with its debt.
If the automotive future is electric, then the western car companies are going to have to compete with the Chinese. Aside from Tesla, is anyone from the west even remotely competitive in China?
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China problem old news.
But EPS diluted for the year did not, owing to charges the company took with its China business and Cruise self-driving unit, which came in at $4 billion and $500 million, respectively.
Nonetheless, GM now sees 2025 profit coming in at a range of $13.7 billion to $15.7 billion, with a lower low bound but a higher upper bound than in 2024. Diluted and adjusted EPS are seen at $11.00 to $12.00 for the year.
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Ditto Ford. Ford and GM both abandoned India a few years ago. Ford’s market share in China is even smaller than GM’s. Ford is still in Europe, but their market share was down to 3.3% last year. Ford abandoned all of South America, a few years ago, and sold their newer plant in Brazil to BYD, while GM is still in :South America.
Basically, Ford is riding on the US and Canada, having Welched itself down to only the most profitable handful of products, in only the most profitable market. That being said, I think Ford is well positioned to profit from the 25% Mex/Can tariffs, if implemented. If no tariff, bets on Ford’s long term viability are off, because Ford is also using the Welchist strategy of building cheap, unreliable, poo, and charging a fortune for it.
Steve