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General Motors Company (NYSE:GM) Q2 2023 Earnings Conference Call July 25, 2023 8:30 AM ET Company Participants Ashish Kohli - Vice President of Investor Relations Mary Barra - Chair and Chief Executive Officer Paul Jacobson - Executive Vice President and Chief Financial Officer Kyle Vogt - Chief Executive Officer of Cruise Dan Berce - President and Chief Executive Officer of GM Financial Conference Call Participants Rod Lache - Wolfe Research Itay Michaeli - Citi Mark Delaney - Goldman Sachs John Murphy - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34960 GENERAL MOTORS COMPANY (Exact name of registrant as specified in its charter) Delaware 27-0756180 (State or other jurisdiction of (I.R.S ...

General Motors Company (NYSE:GM) Deutsche Bank Global Auto Conference June 15, 2023 11:55 AM ET Company Participants Paul Jacobson - EVP & CFO Conference Call Participants Emmanuel Rosner - Deutsche Bank Emmanuel Rosner All right. Good afternoon, everybody. Thank you so much for joining us for this session with General Motors as part of Deutsche Bank's Automotive Conference. My name is Emmanuel Rosner, and I'm the lead U.S. autos and auto technology analyst here at Deutsche Bank. I'm extremely pleased to be ...

Summary of General Motors Company Conference Call Company Overview - **Company**: General Motors Company (NYSE: GM) - **Event**: Bernstein's 39th Annual Strategic Decisions Conference 2023 - **Date**: June 2, 2023 - **Participants**: Mary Barra (Chair and CEO), unidentified participants Key Points Industry Outlook - The global auto market is expected to see growth opportunities, particularly in electric vehicles (EVs) in the U.S. and developing markets, while growth in traditional markets like the U.S. and Europe may be limited [2][3][4] - General Motors (GM) is focusing on EVs, especially in coastal regions where EV penetration is higher [3] - The company is optimistic about growth in new business segments such as BrightDrop and GM Energy, as well as autonomous vehicles (AVs) [4][6] Autonomous Vehicles - GM's Cruise division is scaling rapidly, achieving 2 million driverless miles in a short time frame, indicating significant progress in AV technology [5][6] - The company is expanding its AV operations to new cities, including Houston and Dallas, and aims to leverage its autonomous capabilities for future growth [4][6][65] Competitive Landscape - The auto industry is becoming increasingly competitive with new entrants, particularly in the EV space. GM acknowledges the need for scale and efficiency to compete effectively [10][11][12] - There is a potential for consolidation among smaller EV makers, especially in markets like China where many companies are operating at low capacity [12][15] - GM believes it can leverage its strong internal combustion engine business to fund its transition to EVs and maintain competitive advantages [12][13] Profitability and Margins - GM anticipates that companies best positioned in the EV market will achieve higher profits in the future, driven by advancements in battery technology and autonomous capabilities [19][20] - The company is investing in partnerships and research to enhance its battery technology, which is seen as a key differentiator in the EV market [19][41] EV Market Projections - GM is committed to transitioning its entire light-duty vehicle lineup to EVs by 2035, with expectations of significant EV penetration in the U.S. and other markets by 2030 [33][34] - Regulatory environments in regions like Europe and China are driving EV adoption, with GM supporting initiatives for higher EV sales [33][35] Challenges and Opportunities - Supply chain bottlenecks and battery costs remain challenges for the industry, but GM is actively working to mitigate these issues through strategic investments [38][39][41] - The company is focused on creating a seamless customer experience and enhancing vehicle connectivity, which is expected to drive additional revenue through software and services [80][81] Future Growth Areas - GM sees significant potential in software and subscription services, aiming for $20 billion to $25 billion in annual revenues from these segments [79][80] - The company is also exploring personalization options for consumers, which could enhance profitability [81][82] Conclusion - General Motors is strategically positioning itself for future growth in the EV and AV markets while navigating a competitive landscape. The company is focused on leveraging its manufacturing expertise, enhancing battery technology, and expanding its software and services offerings to drive profitability and market share.

Summary of General Motors Company (NYSE: GM) Morgan Stanley Annual Sustainability Conference Transcript Industry Overview - The discussion centers around the automotive industry, specifically focusing on the transition to electric vehicles (EVs) and sustainability efforts within General Motors (GM) [2][3]. Core Points and Arguments 1. **Decarbonization Goals**: GM aims to be carbon neutral in its products and operations by 2040 and plans to eliminate tailpipe emissions from new light-duty vehicles by 2035 [14][15]. 2. **Renewable Energy Strategy**: GM accelerated its renewable energy goal from 2050 to 2035, achieving a 25% renewable energy target in the U.S. ahead of schedule [14][19]. 3. **Battery Supply Chain Challenges**: The battery supply chain is heavily reliant on China, with up to 90% of upstream battery materials processed there, raising concerns about geopolitical risks and control over economic destiny [4][5]. 4. **Environmental, Social, and Governance (ESG) Issues**: The company is addressing ESG challenges in the supply chain, including labor rights and environmental impacts, particularly in sourcing materials like cobalt and nickel [6][22]. 5. **Investment in Supply Chain Transparency**: The Inflation Reduction Act (IRA) has increased transparency in the supply chain, allowing for better analysis and understanding of long-term impacts on communities and the environment [8][9]. 6. **Focus on Scope 3 Emissions**: GM's carbon footprint is primarily driven by Scope 3 emissions, with 75% attributed to customer usage of vehicles and 18% from the supply chain [21][22]. 7. **Supplier Engagement**: Over 70% of GM's Tier 1 suppliers have signed a pledge for carbon neutrality, promoting sustainability throughout the supply chain [23][24]. 8. **Vertical Integration Strategy**: GM is moving towards a more vertically integrated supply chain for battery production, focusing on sustainable sourcing of raw materials [27][28]. 9. **Autonomous Vehicles and Safety**: GM's autonomous vehicles are designed to enhance safety and efficiency, contributing to the overall sustainability strategy [36][41]. 10. **Charging Infrastructure Development**: GM is committed to building a robust EV charging infrastructure, partnering with various organizations to enhance accessibility [63][64]. Additional Important Insights - **Long-term Employment and Manufacturing Footprint**: Questions were raised about the future of employment and manufacturing plants in the U.S. as the transition to EVs progresses [10][11]. - **Circular Economy Approach**: GM is focusing on battery recycling and the circular economy, aiming to incorporate recycled materials into production processes [59][60]. - **Community Impact Considerations**: GM is committed to evaluating the impact of its transition on communities, ensuring that local jobs and facilities are considered in strategic decisions [34][35]. - **Financial Sustainability**: GM emphasizes that its sustainability strategy is intertwined with its business strategy, aiming for profitability while pursuing environmental goals [54][56]. This summary encapsulates the key discussions and insights from the conference, highlighting GM's strategic direction in sustainability and the automotive industry's transition to electric vehicles.

General Motors Company (NYSE:GM) Q1 2023 Results Conference Call April 25, 2023 8:30 AM ET Company Participants Ashish Kohli - Vice President of Investor Relations Mary Barra - Chair and Chief Executive Officer Paul Jacobson - Executive Vice President and Chief Financial Officer Kyle Vogt - Chief Executive Officer of Cruise Dan Berce - President and Chief Executive Officer of GM Financial Conference Call Participants John Murphy - Bank of America Itay Michaeli - Citi Rod Lache - Wolfe Research Dan Levy - Ba ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34960 GENERAL MOTORS COMPANY (Exact name of registrant as specified in its charter) Delaware 27-0756180 (State or other jurisdiction of (I.R. ...

Summary of General Motors Company Conference Call Company Overview - **Company**: General Motors Company (NYSE: GM) - **Event**: Bank of America 2023 Global Auto Summit - **Date**: April 4, 2023 - **Participants**: Paul Jacobson (CFO), John Murphy (Bank of America) Key Points Industry and Market Dynamics - General Motors is positioned as a leader in the transition to electric vehicles (EVs), autonomous vehicles (AVs), and connected vehicles, leveraging its core business to drive profitability and cash flow [2][4] - The company aims to nearly double its revenue by 2030, with significant internal funding for its mid- to long-term strategies [2] Financial Performance - GM's first-quarter sales increased by approximately 18%, with market share growth achieved without raising prices or increasing incentives [5][6] - The company is managing inventory effectively, maintaining levels flat from December 31 to March 31 [6] - A voluntary severance program was implemented, with about 5,000 employees opting in, expected to yield $1 billion in annual savings [7][19] Cost Management and Efficiency - GM is focused on a $2 billion cost reduction program, with expectations to achieve 30% to 50% of this target in 2023 [8][19] - The company is prioritizing cost efficiency to maintain margins, especially as EVs are projected to have lower margins initially [26][64] - Inflation in labor and raw material costs is a concern, but GM is managing pricing and cost actions effectively to offset these pressures [20][21] Electric Vehicle Strategy - GM plans to scale production to 1 million EVs annually by 2025, with three battery plants under construction and a fourth to be announced [29] - The Altium battery platform is highlighted as a key differentiator, allowing flexibility in production as chemistries evolve [29] - The company is committed to a balanced approach, investing 75% of its capital expenditure in EV-related projects while still refreshing internal combustion engine (ICE) models [43] Competitive Landscape - GM acknowledges the competitive pressure from companies like Tesla but believes its product offerings and brand loyalty will help maintain market share [40][41] - The company is focused on maintaining pricing discipline in a competitive market, emphasizing the importance of cost-effective production [64] Future Outlook - GM is optimistic about its ability to navigate the evolving market landscape, with a strong balance sheet providing flexibility for future investments [45][49] - The company is actively working on securing raw materials and building partnerships to ensure compliance with the Inflation Reduction Act (IRA) and to support its EV strategy [35][36] Additional Insights - The company is focused on maintaining a strong cash position, aiming for a balance in the low to mid-$20 billion range to support ongoing investments [49] - GM is committed to proving the viability of its new business segments, such as Cruise and BrightDrop, which are currently undervalued by the market [55] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting General Motors' focus on EVs, cost management, and competitive positioning in the automotive industry.

General Motors Company (NYSE:GM) Morgan Stanley Technology, Media & Telecom Conference March 6, 2023 6:20 PM ET CorporateParticipants Gil West - Chief Operating Officer, Cruise ConferenceCall Participants Brian Nowak - Morgan Stanley Brian Nowak Good afternoon, everyone. We're thrilled today to have Gil West, the COO of Cruise with us. Prior to joining Cruise, you were also the COO of Delta Airlines, and you just flew in today. Gil West Just flew in today. Brian Nowak Thanks for joining us. Gil West Great t ...