"I think we’ll do it February 1st." On the morning of January 28, Detroit Big Three automaker General Motors (GM) reported Q4 and full-year 2024 earnings, where they posted major losses. The automaker behind Chevrolet and Cadillac said it lost $2.

Shares of GM are down 8% since Nov. 25 as Trump ratcheted up his views on tariffs. Ford's stock is off by 8.7%. Tesla's ( TSLA) stock is up 20% as CEO Elon Musk cozied up to Trump and leads his government cost cutting efforts.

GM hourly employees who worked 1,850 compensated hours are expected to receive a profit-sharing check of $14,500.

Mary Barra provided no details on how the automaker will respond to the tariffs, nor how they will affect GM, which has manufacturing facilities in Canada and Mexico as well as the U.S.

In a CNBC interview, GM CEO Mary Barra discussed her conversation with the President, the company's strategic plans for potential tariff impacts on Mexico, and the expected $2 billion revenue from Super Cruise over the next five years.

Good morning, and welcome to the General Motors Company fourth-quarter and calendar-year 2024 earnings conference call. [Operator instructions] As a reminder, this conference call is being recorded Tuesday, January 28th, 2025. I would now like to turn the conference over to Ashish Kohli, GM's vice president of investor relations.

General Motors (GM) has reached a major milestone in its electric vehicle (EV) journey, reporting that its EV lineup is now “variable profit positive.” This means the automaker is generating more revenue from its EV sales than the direct costs associated with producing them, such as labor and materials.

General Motors manufactured 22.3% of light vehicles in Mexico: it is the main automotive producer in the Mexican market