General Motors Co (MEX:GM) Tax Rate % : -12.44% (As of Dec. 2024)

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What is General Motors Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. General Motors Co's Tax Expense for the three months ended in Dec. 2024 was MXN6,632 Mil. General Motors Co's Pre-Tax Income for the three months ended in Dec. 2024 was MXN-53,328 Mil. Therefore, General Motors Co's Tax Rate % for the quarter that ended in Dec. 2024 was -12.44%.

General Motors Co Tax Rate % Historical Data

The historical data trend for General Motors Co's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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General Motors Co Tax Rate % Chart

General Motors Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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21.91

21.79

16.28

5.41

30.00

General Motors Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															-75.53	20.51	21.05	19.07	-12.44

General Motors Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

General Motors Co's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	53307.169	/	177669.708
	=	30.00 %

General Motors Co's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	6632.113	/	-53328.025
	=	-12.44 %

General Motors Co Tax Rate % Related Terms

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General Motors Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » General Motors Co (MEX:GM) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

GM:USA GM:Peru 1GM:Italy 8GMd:UK 0R0E:UK 8GM:Germany GMCO34:Brazil GMOT:Austria

Address

300 Renaissance Center, Detroit, MI, USA, 48265-3000

Website

https://www.gm.com

General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under three segments: GM North America, GM International, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its US market share leadership in 2022, after losing it to Toyota due to the chip shortage in 2021. 2024's share was 17.0%. The Cruise autonomous vehicle arm, which GM now owns outright, previously operated driverless geofenced AV robotaxi services in San Francisco and other cities, but after a 2023 accident, GM decided that it will focus on personal AVs. GM Financial became the company's captive finance arm in 2010 via the purchase of AmeriCredit.