GM expects the economic growth of 2019 to be similar to that of 2018, in addition to a forecast increase between USD 6.50 and 7.00 per share and also adjusted auto free cash flow of between $4.5 billion and $6 billion. The positive forecast is based on a robust product range and the economy of adjacent businesses, as well as business transformation initiatives. The company will also focus on efficiently deploying capital to higher-return products and segments, creating an efficient cost structure and improving the cash flow.
„We will continue to strengthen our core business and invest in the technologies that will transform the future of mobility. Managing both well is critical to position General Motors for success for generations to come.”, said Mary Barra, Chairman and CEO from General Motors.
GM is also expected to benefit from the expansion of the EV segment. Cadillac is GM's leading electric vehicle brand and is entering the market with newly developed battery cells designed to offer customers maximum usability.
Source: General Motors | gm.com
Image Source: Pixabay | pixabay.com
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