NEW YORK, Jan. 11, 2019 /PRNewswire/ -- General Motors
Co. (NYSE: GM) today provided investors with an update on its
comprehensive strategic plan as it continues to build the
foundation for the company's long-term success. GM also said it
expects earnings growth in 2019, compared to projected 2018
full-year results.
Full-year 2019 guidance:
- Earnings per share diluted-adjusted of between $6.50 and $7.00.
- Adjusted automotive free cash flow of between $4.5 billion and $6
billion.
2018 performance:
GM expects 2018
EPS-diluted-adjusted and adjusted automotive free cash flow to
exceed the guidance provided when reporting its third quarter 2018
earnings on Oct. 31, 2018.
For complete details, click here
to download the full press release.
To see reconciliations of non-GAAP measures to their most
directly comparable GAAP measures, visit the GM Investor Relations
website.
Investor analyst webcast
GM Chairman and CEO
Mary Barra will host a webcast for
investor analysts and institutional investors at 10 a.m. EST today to share various updates on the
future of GM. The webcast will include several management
presentations followed by a question and answer session for
analysts.
Journalists who wish to view the webcast can register by
visiting the GM Investor Relations website.
General Motors (NYSE:GM) is committed to delivering
safer, better and more sustainable ways for people to get around.
General Motors, its subsidiaries and its joint venture entities
sell vehicles under the Cadillac, Chevrolet,
Baojun, Buick, GMC, Holden, Jiefang and Wuling brands.
More information on the company and its subsidiaries,
including OnStar, a global leader in vehicle safety and
security services, Maven, its personal mobility brand, and
Cruise, its autonomous vehicle ride-sharing company, can be found
at http://www.gm.com.
Cautionary Note on Forward-Looking Statements: This press
release and related comments by management may include
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. We caution readers not to
place undue reliance on forward-looking statements. Statements
including words such as "anticipate," "appears," "approximately,"
"believe," "continue," "could," "designed," "effect," "estimate,"
"evaluate," "expect," "forecast," "goal," "initiative," "intend,"
"may," "objective," "outlook," "plan," "potential," "priorities,"
"project," "pursue," "seek," "should," "target," "when," "will,"
"would," or the negative of any of those words or similar
expressions to identify forward-looking statements represent our
current judgment about possible future events. In making these
statements we rely upon assumptions and analysis based on our
experience and perception of historical trends, current conditions
and expected future developments, as well as other factors we
consider appropriate under the circumstances. These statements are
not guarantees of future performance; they involve risks and
uncertainties and actual events or results may differ materially
from these statements. Factors that might cause such differences
include, but are not limited to, a variety of economic, competitive
and regulatory factors, many of which are beyond our control and
are described in our Annual Report on Form 10-K for the year ended
December 31, 2017, as well as
additional factors we may describe from time to time in other
filings with the U.S. Securities and Exchange Commission. We
undertake no obligation to update publicly or otherwise revise any
forward-looking statements, whether as a result of new information,
future events or other factors that affect the subject of these
statements, except where we are expressly required to do so by
law.
Non-GAAP Financial Measures: See our Annual Report
on Form 10-K for the fiscal year ended December 31, 2017 and our subsequent filings with
the U.S. Securities and Exchange Commission for a description of
certain non-GAAP measures referenced in this presentation,
including EBIT-adjusted, Core EBIT-adjusted, EPS-diluted-adjusted,
ETR-adjusted, ROIC-adjusted and adjusted automotive free cash flow,
along with a description of various uses for such measures. Our
calculation of these non-GAAP measures are set forth within these
reports and may not be comparable to similarly titled measures of
other companies due to potential differences between companies in
the method of calculation. As a result, the use of these non-GAAP
measures has limitations and should not be considered superior to,
in isolation from, or as a substitute for, related U.S. GAAP
measures.
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SOURCE General Motors