General Motors Reports Sharp Profit Drop Through September

In the first nine months of the year, General Motors' profits fell 33 percent compared to the same period last year. The American automotive group earned $6.007 billion (€5.176 billion), having suffered a particularly sharp drop of 57 percent in the third quarter (June to September).

In the third quarter, net profit attributable to shareholders fell 57% to $1.327 billion, according to the business group that owns brands such as Chevrolet, Buick, GMC and Cadillac.

In the first nine months of the year, the group had revenues of 139.732 billion dollars, a figure practically unchanged from 139.740 billion dollars in the same period last year.

Earnings before taxes, interest, depreciation and amortization (EBITDA) through September were $9,903 million, compared to $12,424 million in the first nine months of 2024.

As of September, the group had sold 2.86 million vehicles, compared to 2.97 million sales in the same period last year.

With these results, GM revised its year-end expectations downward. Previously, the group had forecast attributable profits between $7.7 billion and $9.5 billion, a range that has since been reduced to between $7.7 billion and $8.3 billion.

The dividend per share is expected to be between $8.30 and $9.05, compared to the previous forecast of $8.22 and $9.97.

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