On the occasion of its quarterly results, General Motors (GM) announced that it now expects adjusted EPS of between nine and ten dollars and adjusted EBIT of between 12.5 and 14.5 billion for 2024, compared with 8.50-9.50 dollars and 12-14 billion respectively previously.

The automaker points out that its forecasts include planned capital expenditure of between 10.5 and 11.5 billion dollars, including investments in its battery cell manufacturing joint ventures.

For the first quarter of 2024, it posted adjusted EPS up 18.6% to $2.62 and adjusted EBIT up 1.8% to $3.87 billion, representing a margin down 0.5 points to 9% on revenues up 7.6% to $43 billion.

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