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General Motors (GM) Sees Improved EBIT in FY15; Sees CapEx at ~$9B
January 14, 2015 8:02 AM ESTGeneral Motors (NYSE: GM) expects its total earnings before interest and tax (EBIT) adjusted and EBIT-adjusted margin to increase in 2015, compared to 2014, after adjusting 2014 for the impact of recall costs. The company also anticipates improved automotive results in all regions.
This outlook is based on modest global industry growth expected in 2015, which will result primarily from continued growth in China, Europe and the United States, and ongoing launches of key vehicles.
CEO Mary Barra, President Dan Ammann, and Executive Vice President and Chief Financial Officer Chuck Stevens shared this outlook with investor analysts... More
