Should The Price Of The Car Be Depressed? The Chip Shortage Spreads, The Price Of Materials Rises, And Car Companies Still Make A Lot Of Money

Towards the end of the year, auto companies successively announced their third-quarter financial reports. Affected by the shortage of chips and rising raw material prices, many auto companies are losing money, but there are still auto brands that have achieved profitability by improving the company's cost structure and productivity in all aspects with their strong system capabilities. So who are these profitable car companies? What do they do in the face of chip shortages?

General Motors

Q3 financial report: net profit exceeds 2.4 billion US dollars

In the third quarter, GM's financial report data was good, with a net profit of over $2.4 billion. For this result, GM said that it was mainly due to the strong pricing trend of models in the North American market, a strong product portfolio and the outstanding performance of the financial business. Previously, Cadillac LYRIQ was pre-sold in the North American market, setting a record of selling 1,500 limited-edition models in 10 minutes, and the popularity of the product was very high.

Because of its full confidence in its own competitiveness, General Motors predicts that this year's financial income will have a dazzling performance. It is expected that the full-year diluted earnings per share will be between $5.52 and $6.52. The annual net profit is expected to be between US$8.1 billion and US$9.6 billion, and the adjusted pre-interest and tax profit is expected to be between US$11.5 billion and US$13.5 billion.

In fact, this year General Motors has invested a lot in research and development of new technologies. It has planned to invest a total of 35 billion US dollars between 2020 and 2025, including the US$300 million investment of SAIC General Motors Autoneng Super Factory and autonomous driving company Momenta. .

Such a large investment is to better embrace the new four modernizations. General Motors is transforming into three areas: electrification, software-driven and autonomous driving. According to the plan, GM's large-scale promotion of new energy vehicles in the Chinese market will officially kick off from the beginning of next year.