The company's 2024 earnings-per-share projected range exceeded analyst forecasts by a wide margin. "Consensus is growing that the US economy, the job market and auto sales will continue to be resilient," Barra said. The company relied heavily on its North American division, where sales of full-size pickup trucks and sport utility vehicles remained lofty. GM has also pointed to strength in somewhat smaller "crossover" vehicles as well as in the subcompact SUV market, where the moderately priced Chevrolet Trax has seen growth. The company expects 2024 capital spending of $10.5-$11.5 billion, which is somewhat lower than earlier estimates as it slows some electric vehicle projects and pivots its Cruise autonomous vehicle venture to address safety concerns. On EVs, Barra noted that GM would boost production of autos such as the Cadillac Lyriq and would introduce new models to showrooms in 2024, including the Chevrolet Equinox EV.