General Motors Company Revenue & Financials

Within 40 days, with $49.5 billion in U.S. Government assistance, the company emerged from Chapter 11 as a restructured entity and went on to repay the bulk of that federal support within two years, eventually returning to public markets in one of the largest IPOs in American history at the time. By fiscal year 2024, General Motors reported total net revenue of approximately $187 billion, with net income attributable to stockholders of roughly $6 billion. The company's GM Financial subsidiary contributed nearly $15 billion in net revenue in 2024, underscoring how deeply financial services are woven into the business model. The company has pledged to invest more than $35 billion in EV and autonomous vehicle development through 2025, built the Ultium battery platform as a flexible architecture for dozens of future models, and launched vehicles including the Chevy Silverado EV, GMC Hummer EV, Cadillac Lyriq, and Chevy Equinox EV at a range of price points designed to broaden EV adoption across income segments. General Motors Company is a Detroit-based global automotive manufacturer with revenues of approximately $187 billion in fiscal year 2024 and a workforce of roughly 163,000 employees worldwide. Acquired in 2010 through the purchase of AmeriCredit Corporation for approximately $3.5 billion, GM Financial provides retail installment sales contracts, lease financing, commercial lending to GM dealers, and insurance products. By fiscal year 2024, GM Financial contributed approximately $14 to $15 billion in net revenue, making it a material contributor to total corporate revenue. GM Financial operates in the United States, Canada, and several international markets, managing a loan and lease portfolio that reached approximately $115 billion in total assets by 2024. The company has projected that software and services revenue could reach $25 billion annually by 2030, a target that would fundamentally alter the composition of GM's income statement if achieved. GM estimated the strike cost it approximately $800 million in lost production and incremental costs, while the new contract adds billions in cumulative labor expense over its life — a headwind that the company must offset through pricing, volume, and productivity improvements. General Motors Company is a Automotive Manufacturing company with $187B in 2024 revenue and 163K employees worldwide. The company reported total net revenue of approximately $187 billion, representing modest growth from the $171.8 billion reported in fiscal year 2023. Earnings before interest and taxes on an adjusted basis — the metric GM uses to measure operational performance — came in at approximately $14.9 billion for 2024, demonstrating the underlying profitability of the core truck and SUV business even as EV and Cruise-related losses weighed on reported net income. Net income attributable to stockholders was approximately $6 billion in fiscal year 2024, compared to $10 billion in 2023 — a decline driven primarily by Cruise restructuring charges of approximately $1.9 billion, the deteriorating performance of GM's China joint ventures, and elevated EV investment spending. The company generated automotive free cash flow of approximately $9.8 billion in 2024 — a figure that underscores the cash generation power of the legacy truck franchise and provides the financial foundation for ongoing EV transition investment. Total liquidity, including cash and available credit facilities, exceeded $35 billion, giving GM meaningful runway to navigate short-term EV losses without threatening financial stability. GM has invested more than $35 billion in EV and autonomous vehicle development since 2020, but its EV lineup has not yet reached the scale or cost structure required to generate positive margins on most models. GM ultimately paused Cruise operations, replaced senior leadership, and absorbed approximately $1.9 billion in charges related to Cruise restructuring in 2024. The software and services revenue ambition — projecting $25 billion annually by 2030 — would, if achieved, represent a fundamental transformation of GM's revenue quality and its trading multiple as a public company. A consortium of bankers led by Lee, Higginson & Company extended a $15 million rescue loan — enormous for the era — but required Durant's removal from management as a condition of the financing.