Scelte Strategiche General Motors

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General Motors
Barra frena sulle elettriche: "Non raggiungeremo gli obiettivi"

La General Motors frena nuovamente sulle strategie di elettrificazione e in particolare sugli obiettivi produttivi delle elettriche. Per il 2025 era stato fissato il target di un milione di auto a batteria sfornate dalle fabbriche nordamericane, ma ora l'amministratore delegato Mary Barra ammette l'impossibilità di raggiungere un traguardo del genere: "Stiamo assistendo a un rallentamento delle vendite", ha spiegato la top manager in un'intervista televisiva. "Non arriveremo al milione proprio perché il mercato non si sta sviluppando".

 

Un'amara realtà. "Ci faremo guidare dal cliente", ha aggiunto Barra, facendo così eco alle dichiarazioni rese negli ultimi tempi da diversi dirigenti del settore. Quasi tutti i costruttori, dopo aver spinto sull'elettrico a più non posso con target evidentemente troppo ambiziosi, stanno ora affrontando la dura realtà del mercato. Per la GM, poi, si tratta di uno smacco a tutto tondo: l'azienda, tra le prime ad annunciare il passaggio al full electric nel 2035, ha continuato a scommettere fortissimo sulle Bev, nostante le modifiche al piano prodotti e le difficoltà nello sviluppo di importanti novità a batteria. Detto questo, da Detroit hanno voluto precisare come il target si riferisse alla capacità produttiva e non alla produzione effettiva e come le strategie siano da sempre caratterizzate da un'estrema flessibilità, in modo da adeguare i volumi alla reale domanda. Tuttavia, poco cambia: GM si trova nella necessità di rivedere i suoi programmi a causa di target oggi irragiungibili. Al punto di non voler più parlare degli obiettivi del 2025.  

Fonte: https://www.quattroruote.it/news/industria-finanza/2024/07/16/general_motors_barra_frenata_.html

[j]

 

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Hyundai and GM Sign Memorandum of Understanding to Explore Collaboration on Vehicles, Supply Chain and Clean-Energy Technologies

• Hyundai Motor and GM to investigate joint product development, manufacturing and future clean energy technologies
• Both companies to target improved efficiencies and increased competitiveness through collaboration

NEW YORK, Sept. 12, 2024 – General Motors (NYSE: GM) and Hyundai Motor Company (KRX: 005380 KS) have signed an agreement to explore future collaboration across key strategic areas.

 

GM and Hyundai will look for ways to leverage their complementary scale and strengths to reduce costs and bring a wider range of vehicles and technologies to customers faster.

 

Potential collaboration projects center on co-development and production of passenger and commercial vehicles, internal combustion engines and clean-energy, electric and hydrogen technologies.

 

The two leading global OEMs also will review opportunities for combined sourcing in areas such as battery raw materials, steel and other areas.

 

The framework agreement was signed by Hyundai Motor Group Executive Chair Euisun Chung and GM Chair and CEO Mary Barra.

 

Barra said a partnership between the two companies has the potential to make vehicle development more efficient by driving greater scale and supporting disciplined capital allocation.

 

“GM and Hyundai have complementary strengths and talented teams. Our goal is to unlock the scale and creativity of both companies to deliver even more competitive vehicles to customers faster and more efficiently,” said Barra.

 

Hyundai and GM’s flexibility and agility will allow both companies to explore the development of their shared capabilities.

 

“This partnership will enable Hyundai Motor and GM to evaluate opportunities to enhance competitiveness in key markets and vehicle segments, as well as drive cost efficiencies and provide stronger customer value through our combined expertise and innovative technologies,” said Chung.

 

Following the signing of the non-binding Memorandum of Understanding, assessment of opportunities and progression towards binding agreements will begin immediately.

 

[Beckervdo]

No Mary Barra non poteva farlo con FCA questo memorandum eh?

 

[4200blu]

 

General Motors raised its earnings guidance for a third time this year as executives said strong pricing, robust demand and strategic cost management have set up the automaker for continued solid financial results.
 
GM’s optimistic outlook accompanied third-quarter net income that was largely unchanged at $3.1 billion, while adjusted earnings before interest and taxes rose nearly 16 percent to $4.1 billion. Global revenue was up nearly 11 percent to $48.8 billion in the quarter ended Sept. 30.
 
CEO Mary Barra told shareholders and investors that the company achieved its quarterly results the same way it is working toward long-term, consistent growth — through a disciplined approach to inventory, incentives, spending and costs, and with an eye on profitability for both gasoline and electric vehicles.
 
"In the third quarter, we grew U.S. retail market share with above-average pricing, well-managed inventories and below-average incentives. In China, sales improved from the second quarter, and dealer inventory fell sharply," Barra said in an Oct. 22 letter to shareholders. "In addition, we remain on track to reach our 2024 EV production and profitability targets."
 
With its latest results, GM raised the lower end of its forecast for 2024 full-year adjusted EBIT by $1 billion, to a new range of $14 billion to $15 billion. GM also narrowed its net income outlook to a range of $10.4 billion to $11.1 billion, from previous guidance of $10 billion to $11.4 billion.

 

(Automotive News)

 

 

[Alain]

10 minuti fa, 4200blu scrive:

 

General Motors raised its earnings guidance for a third time this year as executives said strong pricing, robust demand and strategic cost management have set up the automaker for continued solid financial results.
 
GM’s optimistic outlook accompanied third-quarter net income that was largely unchanged at $3.1 billion, while adjusted earnings before interest and taxes rose nearly 16 percent to $4.1 billion. Global revenue was up nearly 11 percent to $48.8 billion in the quarter ended Sept. 30.
 
CEO Mary Barra told shareholders and investors that the company achieved its quarterly results the same way it is working toward long-term, consistent growth — through a disciplined approach to inventory, incentives, spending and costs, and with an eye on profitability for both gasoline and electric vehicles.
 
"In the third quarter, we grew U.S. retail market share with above-average pricing, well-managed inventories and below-average incentives. In China, sales improved from the second quarter, and dealer inventory fell sharply," Barra said in an Oct. 22 letter to shareholders. "In addition, we remain on track to reach our 2024 EV production and profitability targets."
 
With its latest results, GM raised the lower end of its forecast for 2024 full-year adjusted EBIT by $1 billion, to a new range of $14 billion to $15 billion. GM also narrowed its net income outlook to a range of $10.4 billion to $11.1 billion, from previous guidance of $10 billion to $11.4 billion.

 

(Automotive News)

 

 

 

traduco:

 

General Motors ha rivisto al rialzo le sue previsioni di utili per la terza volta quest'anno, poiché i dirigenti hanno dichiarato che prezzi forti, una domanda robusta e una gestione strategica dei costi hanno messo l'azienda in una posizione favorevole per continuare a ottenere solidi risultati finanziari.

 

L'ottimismo di GM è stato accompagnato da un utile netto per il terzo trimestre che è rimasto sostanzialmente invariato a 3,1 miliardi di dollari, mentre gli utili rettificati prima degli interessi e delle tasse sono aumentati di quasi il 16%, raggiungendo 4,1 miliardi di dollari. I ricavi globali sono aumentati di quasi l'11%, arrivando a 48,8 miliardi di dollari nel trimestre conclusosi il 30 settembre.

 

La CEO Mary Barra ha dichiarato agli azionisti e agli investitori che l'azienda ha ottenuto i risultati trimestrali grazie allo stesso approccio che sta seguendo per raggiungere una crescita costante e a lungo termine: un approccio disciplinato alla gestione dell'inventario, degli incentivi, delle spese e dei costi, con un'attenzione alla redditività sia per i veicoli a benzina che per quelli elettrici.

 

"Nel terzo trimestre, abbiamo aumentato la nostra quota di mercato retail negli Stati Uniti con prezzi superiori alla media, inventari ben gestiti e incentivi inferiori alla media. In Cina, le vendite sono migliorate rispetto al secondo trimestre e l'inventario dei concessionari è diminuito nettamente," ha dichiarato Barra in una lettera agli azionisti del 22 ottobre. "Inoltre, siamo ancora in linea per raggiungere i nostri obiettivi di produzione e redditività per i veicoli elettrici entro il 2024."

 

Con i risultati più recenti, GM ha aumentato di 1 miliardo di dollari la parte inferiore delle sue previsioni per l'EBIT rettificato dell'intero anno 2024, portandola a un nuovo intervallo compreso tra 14 e 15 miliardi di dollari. GM ha anche ristretto le sue previsioni per l'utile netto, portandolo a un intervallo compreso tra 10,4 e 11,1 miliardi di dollari, rispetto alla guida precedente di 10-11,4 miliardi di dollari.

[MotorPassion]

[4200blu]

 

Reuters — China, once GM’s largest and most important market, has become its biggest problem.

 

General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.

GM expects the charge for restructuring costs to be $2.6 to $2.9 billion and the charge for reduced joint-venture value to be $2.7 billion.

The automaker’s shares were down 2.7% before the bell.

GM partners with SAIC Motors in China to build Buick, Chevrolet and Cadillac vehicles.

The company’s board of directors determined that the non-cash charges were necessary “in light of the finalization of a new business forecast and certain restructuring actions” with the joint venture, according to a company filing.

GM has not disclosed details of the restructuring.

Most of the charges will be recorded in the company’s fourth-quarter earnings, reducing net income but not adjusted results, according to a company spokesperson.

CEO Mary Barra has been transforming GM’s operations in China as the former profit engine slipped to a loss in the last year. Barra told investors in October that they would see improvements from this effort by the end of the year, saying there would be “a significant reduction in dealer inventory and modest improvements in sales and share.”

The automaker lost about $350 million in the region in the first three quarters of this year.

In March, Reuters reported that SAIC aimed to cut thousands of jobs, including at its joint-venture with GM.

Barra previously warned that the China market was becoming untenable for many corporations.

“It’s a difficult market right now. And frankly, it’s unsustainable, because the amount of companies losing money there cannot continue indefinitely,” Barra said in July.

Stiff competition from domestic manufacturers in the country along with a price war has already had visible effects.

Sales at SAIC-GM slumped 59% in the first 11 months this year to 370,989 units while local new energy vehicle champion BYD sold more than 10 times of the cars in the same period. The GM joint venture peaked in 2018 with an annual sales of 2 million cars.

Volkswagen, which lost its best-selling brand title in China to BYD in 2022, is doubling down on efforts to deepen ties with Chinese partners including Xpeng Motor and SAIC for EV technologies to counter its flagging sales in its biggest market. The German automaker and SAIC agreed recently to extend their joint venture contract by a decade to 2040.

Japanese carmaker Nissan Motor is also cutting 9,000 jobs and significantly reducing its manufacturing capacity due to its slipping sales in China and the U.S.

In Detroit, GM’s cross-town rival Ford Motor is transforming its presence in China to become a vehicle export hub, though some analysts are urging Detroit’s automakers to cut their losses and exit the world’s largest auto market altogether.

 

(CNN/Reuters)