Tag: EBIT

GM | Q3 2024 Letter to Shareholders

Oct 23, 2024

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GM highlighted its Spring Hill, Tenn. plant, where both ICE and EV Cadillacs are produced, as well as its battery expertise and production scale. GM expects its 2025 EBIT to be similar to its 2024 results, driven by EV sales growth, cost management, and profitable redesigned SUVs. The company is on track to meet its…
Mercedes-Benz Media｜Mercedes-Benz Group Q2 results underscore solid financial performance

Jul 29, 2024

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Mercedes-Benz Group AG (ticker symbol: MBG) achieved strong financial results in Q2 2024 with an EBIT of €4.0 billion, a 5% increase from Q1 2024. The adjusted Return on Sales (RoS) for Mercedes-Benz Cars reached 10.2%, and 17.5% for Mercedes-Benz Vans. The company also reported solid free cash flow from the industrial business of €1.6…