Get Stoked for General Motors’ 2018 Earnings Forecast, Y’all
Sure, you’re probably still quite excited by all of the neat reveals out of Detroit this week, but that was just an hors d’oeuvres to prepare your palate for the real meal: earnings projections.
*“Are You Ready for This” starts playing from a boombox somewhere nearby*
General Motors today revealed that it expects earnings in 2018 to be right about in line with 2017 results. GM is expecting record 2017 EPS diluted-adjusted, and it expects the momentum from that to continue into 2018 with the introduction of a number of new products—namely, the all-new 2019 Chevrolet Silverado 1500 and the Silverado 4500HD/5500HD.
“Reshaping the company over the last few years has allowed us to deploy resources and capital to higher-return opportunities including our next-generation trucks and establishing leadership in the future of mobility,” said GM President Dan Ammann. “The all-new full-size truck family that launches this year will generate very strong returns for years to come.”
*Boombox switches over to Reel 2 Real’s “I Like to Move It”*
“GM had a very good 2017 as we continued to transform our company to be more focused, resilient, and profitable,” GM Chairman and CEO Mary Barra said. “We are positioned for another strong year in 2018 and an even better one in 2019.”
Just what did GM do in 2017, you ask?
*Opening notes of The Alan Parsons Project’s “Sirius” begin to play. Ray Clay emerges from the shadows holding a microphone and a lineup card*
General Motors in 2017:
- Completed its sale of Opel and Vauxhall and GM Financial European businesses to PSA Group
- Outlined its plans to launch 20 electric vehicles or more by 2023 and move toward a future of zero crashes, zero emissions, and zero congestion
- Sold a record 948,909 pickup trucks
- Stood out as the fastest-growing crossover company in the United States with a 13.1% market share thanks to new products
- Debuted Super Cruise, the first hands-free highway driving technology
One of GM’s Newest Crossover Offerings: 2018 GMC Acadia ups the ante with more tech and style
General Motors will announce its Q4 2017 financial results on February 6th—just in time to overshadow all of the big reveals and debuts at the Chicago Auto Show. Get hyped, people.
*Ray Clay continues to stand in the background, confused as to why and how he was summoned here*