General Motors issued an upbeat forecast for 2023 after reporting strong quarterly results, citing high demand.

Closing Bell

General Motors Drives High Demand In Q4, Issues Positive Outlook

Well, corporate America issuing its quarterly report cards and General Motors does see a smooth road ahead issuing an upbeat forecast for 2023. After easily topping estimates for its latest quarter, the company pointing to a strong customer demand in the period shares on the rise up close to 8%. Today we've seen mass layoffs across sector G. M. also confirming though that it's not planning layoffs so the business does seem in solid shape. The company did see record sales of its chevy bolt E. V. And the bolt U. V. Last year noting the importance of affordable E V. S in the GM portfolio. Well, we heard yesterday as we reported here on cheddar news that ford is lowering prices for its mustang Mach E and Tesla did slash prices for some of its electric vehicles. Wedbush analyst in front of the show dan Ives describing. General Motors is coming out of the gate swinging into the year and in a note today, also wrote of an E. V renaissance in Detroit that proves that concerns about demand and supply shortages are now in the rear view. Well, GM also announcing a stake in the mining company, lithium Americas or $650 million. Gm expecting the mine in Nevada to be able to support a million E. V. S a year