Updating earnings guidance

Our actual results may differ materially from forward-looking statements due to a variety of factors, including: (1) our ability to deliver new products, services and experiences that attract new, and are desired by existing, customers and to effectively compete in autonomous, ride-sharing and transportation as a service; (2) sales of full-size pick-up trucks and SUVs, which may be affected by increases in the price of oil; (3) the volatility of global sales and operations; (4) aggressive competition, including the impact of new market entrants; (5) changes in, or the introduction of novel interpretations of, laws, regulations or policies particularly those relating to free trade agreements, tax rates and vehicle safety and any government actions that may affect the production, licensing, distribution, pricing, or selling of our products; (6) our joint ventures, which we cannot operate solely for our benefit and over which we may have limited control; (7) compliance with laws and regulations applicable to our industry, including those regarding fuel economy and emissions; (8) costs and risks associated with litigation and government investigations; (9) compliance with the terms of the Deferred Prosecution Agreement; (10) our ability to maintain quality control over our vehicles and avoid recalls and the cost and effect on our reputation and products; (11) the ability of suppliers to deliver parts, systems and components without disruption and on schedule; (12) our dependence on our manufacturing facilities; (13) our ability to realize production efficiencies and cost reductions; (14) our ability to successfully and cost-efficiently restructure operations in various countries with minimal disruption; (15) our ability to manage risks related to security breaches and other disruptions to vehicles, information technology networks and systems; (16) our ability to develop captive financing capability through GM Financial; (17) significant increases in pension expense or projected pension contributions; and (18) significant changes in the economic, political, and regulatory environment, market conditions, and foreign currency exchange rates.A further list and description of these risks, uncertainties and other factors can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016, and our subsequent filings with the Securities and Exchange Commission.Shares in convenience food maker Greencore closed 30.3% lower in London trade today after the firm lowered its earnings guidance for 2018 and announced a restructuring of its US management team It is the company's biggest ever one-day fall and brings its share price back to a level last seen in late 2013.In a trading update, the Ireland-headquartered company said the costs associated with its restructuring efforts to improve capacity utilisation at some of its US plants will cost around £3m.“Reshaping the company over the last few years has allowed us to deploy resources and capital to higher-return opportunities including our next-generation trucks and establishing leadership in the future of mobility,” GM President Dan Ammann said.“The all-new full-size truck family that launches this year will generate very strong returns for years to come.” The 2019 Chevrolet Silverado full-size pickup truck will feature eight distinct models with a variety of trim levels and six engine and transmission combinations to meet the needs of every truck customer.

Since January, the company has also made "important additions" to the US senior team, with four senior appointments in the areas of Commercial, Finance, Strategy and HR.It also said the weak performance of some of its under-utilised sites in the first half of this year, along with the timing of new business contributions and the current sterling-dollar exchange rates will reduce the expected rate of US profit growth.Greencore also said that its chief executive Patrick Coveney will take a direct role in the strategic, organisational and commercial leadership of Greencore US and will spend half his time in the US.In its trading statement today, Greencore said that fresh production at Rhode Island factory, which represented about 4% of its US manufacturing footprint, will stop on March 25.The factory will be retained for potential repurposing, Greencore added.

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