23
Apr
12:51
GM upgrades 2024 guidance after Q1 results
US carmaker General Motors posted on Tuesday a 25% on-year increase in its first-quarter net profit to $3 billion, with revenues rising 7.5% to $43 billion.
The company upgraded its full-year guidance with net income now expected at $10.1-11.5 billion, from $9.8-11.2 billion previously. Capital spending, including investments in the company’s battery cell manufacturing joint ventures, is forecast to total $10.5-11.5 billion this year.
As it continues to &…
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Anonymous
Very good overview of the weekly steel market.
Anonymous