General Motors to Move More Production Back to US

Production & Supply Chain Strategy - The company plans to move approximately 300,000 units of production, involving both new and shifted production, to optimize manufacturing footprint and utilize underutilized capacity in the US [1] - The company is reallocating the Orian plant to produce internal combustion engine trucks and full-size SUVs due to market changes, which will improve utilization and efficiency [2][3] - The company aims to produce 2 million vehicles in the US for the US market and is continuing to invest in domestic production [3] - The company is working to retool its supply chain, incentivizing growth in US production, and maximizing efficiencies across the entire value chain to offset tariff costs [6][7] - The company hasn't experienced any slowdown related to rare earth mineral access, but it's a monitored risk [10][11] - The company is increasing the resiliency of its supply chain through initiatives like investments in lithium Americas and a joint venture with Pasco for battery raw materials [13] Financial Performance & Tariff Impact - Tariffs are expected to have a $4-5 billion impact this year, with the company aiming to offset about 30% of it [20] - The company's cash flow generation has been strong and is expected to remain strong even after tariffs [20][21] - The company is planning for a year of approximately 16 million units in sales, similar to the previous year [22] - The company is focused on taking actions to maintain consistent margin performance despite the operating hit from tariffs [25][26] Pricing & Market Dynamics - The company is adopting a disciplined production strategy to avoid overproduction and maintain stable pricing [15] - The company aims to be consistent with its customer base and avoid raising prices due to tariffs, preferring a more stable pricing model [16][18] - The company is reinvesting in the business with a capital budget of $10-12 billion for 2026 and 2027 [27]