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Much has changed since I last covered General Motors Company (NYSE:GM). At the time the autoworkers’ strike was still ongoing, and it seemed inevitable that the company would need to cut capital expenditures. The expected reduction in capital expenditures materialized while the share price performed substantially better than I had expected at the time in the aftermath of the strike ending. The company also reported earnings at the end of January which beat analysts’ expectations. In this article, I consider the key takeaways from the earnings report and what it likely means for GM investors going forward.
GM Earnings
GM reported around $43 billion in revenue for the fourth quarter, which exceeded analyst expectations by around 11%. This was slightly lower than its revenue in the same period last year when revenues were around $43.1 billion. However, on an annual basis, its revenue increased by 9.64% from $156.7 billion in…
