GM Reports First-Quarter 2022 Results

GM Reports First-Quarter 2022 ResultsBackDETROIT – General Motors Co. (NYSE: GM) today reported first-quarter earnings driven by improved production and robust customer demand in North America. GM expects full-year 2022 net income in a range of $9.6 billion-$11.2 billion and is reaffirming its earnings guidance of EBIT-adjusted in a range of $13.0 billion-$15.0 billion. Forward-looking statements are any statements other than statements of historical fact. (d)This adjustment consists of a deemed dividend related to the redemption of Cruise preferred shares from SoftBank in the three months ended March 31, 2022. (b) We do not consider the potential future impact of adjustments on our expected financial results.