GM Financial Reports Decline in Fourth Quarter and Annual Earnings for 2024
January 28, 2025 - 16:54
FORT WORTH, Texas, January 28, 2025—GM Financial has released its financial results for the fourth quarter and full year of 2024, revealing a significant decrease in net income. For the quarter ending December 31, 2024, the company reported a net income of $215 million, a notable decline from $499 million in the previous quarter and $532 million from the same quarter last year.
The overall performance for the year also showed a downward trend, with net income totaling $1.9 billion for 2024, down from $2.2 billion in 2023. This decline in earnings reflects various market challenges and operational factors that have impacted the company's financial health. The results indicate a need for strategic adjustments as GM Financial looks to navigate the evolving automotive financing landscape. Stakeholders will be closely monitoring the company's response to these challenges in the upcoming quarters.
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