The strong results and guidance come as the U.S. automotive industry is beginning to normalize after several years of record-low inventories.
, when the automaker reported an adjusted EPS of $1.35 and revenue of $33.58 billion for the final three months of 2021.
Those results would be below 2022 earnings, but above average analyst forecasts compiled by Refinitv that called for EPS of $5.73 this year.GM forecast 2023 net automotive cash from operating activities to come in between $16 billion and $20 billion and sees automotive free cash flow of $5 billion to $7 billion.scenario for the last several quarters, with some analysts suggesting automakers may need to execute cost-cutting measures to offset recessionary spending shifts.
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