GM raises 2021 earnings guidance on pricing and better chip supply


2022 GMC Sierra 1500 Denali Ultimate


General Motors is slightly raising its 2021 earnings guidance on strong pricing, resilient consumer demand and a stronger-than-expected supply of semiconductor chips.

The Detroit automaker’s new adjusted earnings guidance for this year is about $14 billion, up from an already raised guidance of between $11.5 billion and $13.5 billion, GM CFO Paul Jacobson said Wednesday.

“I’m pleased to say that we’ve experienced a little bit of favorability on costs and volumes have been trending higher than we expected them to be primarily on chip availability,” he said during a Credit Suisse investor event.

Jacobson also cited “continued strength in the consumer” as…


0 0 votes
Article Rating

Exxon CEO responds to White House’s call for investigation of ‘anti-consumer behavior’

Previous article

Pentagon calls for stop to anti-satellite weapons testing

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Autos