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General Motors Company (GM) designs, builds, and sells trucks, crossovers, cars, and automobile parts, and provides software-enabled services and subscriptions worldwide . The company operates through segments such as GM North America (GMNA) and GM International (GMI), marketing vehicles under brands like Buick, Cadillac, Chevrolet, and GMC . GM is also investing in electric vehicles (EVs) and autonomous vehicles (AVs), with a focus on expanding their EV portfolio through their Ultium architecture . Additionally, GM offers automotive financing services through its GM Financial segment, contributing significantly to its revenue and profitability .
- GM North America (GMNA) - Designs, builds, and sells vehicles under the Buick, Cadillac, Chevrolet, and GMC brands in North America.
- GM International (GMI) - Markets vehicles under the Buick, Cadillac, Chevrolet, Baojun, and Wuling brands in international markets, primarily in China.
- GM Financial - Provides automotive financing services, significantly contributing to GM's revenue and profitability.
- Electric Vehicles (EVs) - Invests in and expands the EV portfolio using the Ultium architecture, aiming for a significant increase in production capacity.
- Cruise - Develops and commercializes autonomous vehicle technology.
Name | Position | External Roles | Short Bio | |
---|---|---|---|---|
Mary Barra ExecutiveBoard | Chair and Chief Executive Officer (CEO) | Board Member at The Walt Disney Company | Mary Barra has been CEO since 2014 and Chair since 2016. She has led GM's transformation toward electric and autonomous vehicles and spearheaded cultural and operational changes. | |
Craig Glidden Executive | EVP and Strategic Advisor; President of Cruise | None | Joined GM in 2015 as General Counsel. Now serves as Strategic Advisor and President of GM Cruise Holdings LLC, focusing on autonomous vehicle operations. | |
Grant Dixton Executive | EVP, Chief Legal and Public Policy Officer | None | Joined GM in 2024, previously served as Chief Legal Officer at Activision Blizzard and General Counsel at Boeing. Oversees GM's global legal, compliance, and public policy functions. | |
Marc Whitten Executive | CEO of Cruise | None | Appointed CEO of Cruise in 2024. Previously held leadership roles at Sonos, Amazon, Unity, and Microsoft. | |
Alfred F. Kelly, Jr. Board | Board Member | Board Chair at Mother Cabrini Health Foundation; Trustee at Boston College, Iona University, New York Presbyterian Hospital, and St. Joseph’s Seminary; Advisory Director at Berkshire Partners | Former CEO and Chairman of Visa Inc. Joined GM's Board in 2024, bringing expertise in financial services and technology. |
- Given the headwinds in China and the competitive environment, how specifically do you plan to make your Chinese joint ventures sustainable and profitable, and what restructuring actions are you considering?
- With the EV market becoming increasingly competitive, and considering your goal to make EVs profitable on an EBIT basis quickly, what are the main obstacles you foresee in achieving this, and how do you plan to overcome them?
- Can you elaborate on the rationale behind seeking external funding for Cruise when GM has sufficient capital, and how will this impact your control over Cruise's strategic direction?
- As you expect 2025 results to be in a similar range to 2024, can you provide more detail on the specific tailwinds and headwinds, such as the impact of cost inflation and pricing pressures, that underpin this outlook?
- With the anticipated decrease in adjusted EBIT in Q4 compared to Q3, can you break down the major factors contributing to this decline, and how do you plan to mitigate similar impacts in the future?
Notable M&A activity and strategic investments in the past 3 years.
Company | Year | Details |
---|---|---|
GM Cruise Holdings LLC | 2022 | GM acquired SoftBank's stake for $2.1 billion and added an extra $1.35 billion investment to increase its ownership to approximately 80%, enabling Cruise's inclusion on GM’s U.S. Federal consolidated income tax return and significant tax and liquidity adjustments. |
Recent press releases and 8-K filings for GM.
- GM’s U.S. Q2 sales rose 7.3% year-over-year.
- EV sales in Q2 more than doubled, up 111% year-over-year as GM expands its electric portfolio.
- By comparison, Ford’s Q2 EV sales fell 31% year-over-year.
- Despite escalating Iran–US tensions, U.S. equities closed at session highs while all major indices ended the day higher.
- Fed commentary suggests a possible July rate cut, with Vice Chair Bowman noting the Fed is “late to the game” on cuts.
- WTI crude oil plunged nearly 9% to $67.30/bbl, easing inflation concerns and reducing energy sector gains.
- General Motors ranked as the top China-exposed U.S. company, overtaking Ford in the latest China-risk report.
- Long-term portfolio guidance: stay invested, rebalance asset allocations regularly, and maintain a cash buffer for volatility.
- $4B investment announced in US manufacturing to boost capacity by approximately 300,000 units and enhance production efficiency.
- Emphasis on a disciplined pricing strategy, with GM discounting 200-300 basis points lower than the industry average to sustain revenue and margin consistency.
- Highlighted strong cost management through a $2B cost reduction initiative and targeted tariff mitigation to improve operational efficiency.
- Provided updates on its EV strategy and European market approach, noting asset‐light expansion and robust performance of its Cadillac Lyriq, supported by strategic partnerships.
- $4 billion investment to retool and expand facilities in Michigan, Kansas, Tennessee, and Kentucky to boost ICE and EV capacity
- Dual-path strategy to maintain internal combustion engine production while scaling EV output, with dedicated EV assembly at Detroit-Hamtramck Factory Zero
- Orion Assembly EV production delayed by about six months, now set to produce gas-powered SUVs and light-duty pickups beginning in 2027
- Production of Chevrolet Blazer and Silverado pickups shifted from Mexico to U.S. plants to avoid 25% tariffs on imports
- In early April, China imposed export restrictions on several rare earth elements and magnets used in automotive sectors, disrupting global supply chains and prompting Ford to halt production amid shortages.
- China controls 60% of global rare earth mining and 90% of processing, underscoring its strategic leverage over companies like GM.
- Ongoing U.S.-China trade talks in London have addressed these restrictions, with U.S. officials considering easing chip export controls if China loosens its rare earth limits.
- China has introduced a limited "green channel" to expedite export licenses for some Western automakers, though the program’s scope remains uncertain.
- US and Chinese negotiators will meet in London to address China’s control of rare-earth minerals crucial for the automotive sector.
- China has granted six-month temporary export licenses for rare-earth materials to suppliers of GM, Ford, and Stellantis amid prior export restrictions.
- The quantity and type of materials covered by these licenses remain undisclosed, creating uncertainty over long-term supply.
- China produces around 90% of the world’s rare earths, underscoring its strategic leverage in trade negotiations.
- GM's Annual Meeting on June 3, 2025 approved an amended and restated Certificate of Incorporation aimed at limiting officer liability and updating corporate governance provisions.
- Shareholders voted in favor of electing directors, ratifying Ernst & Young as the independent auditor for 2025, and advisory approval of executive compensation, while rejecting the shareholder proposal on supply chain GHG emissions reduction.
- The filing confirms GM's commitment to enhanced corporate structure and transparent shareholder engagement.
- Successful AGM where all director nominees were elected and key proposals—including ratification of the audit firm, advisory executive compensation, amended certificate approval, and rejection of a supply chain GHG emissions report—were decided.
- Strategic business update highlighted robust revenue growth, record EBIT, and strong performance in both ICE and EV vehicle segments, alongside a noted increase in quarterly dividends.
- Board refreshment efforts were emphasized with the retirement of two longstanding directors and the election of new board members, reinforcing a focus on diverse skills and strategic oversight.
- China added seven rare earth elements and magnets to its export control list on April 4, approving only about 25% of license requests, leading to potential production slowdowns.
- European auto supplier plants have begun shutdowns due to delayed or rejected export licenses, with inventories dwindling across multiple industries.
- The Alliance for Automotive Innovation cautioned the U.S. government that unreliable access to these materials could force assembly line reductions or shutdowns at U.S. vehicle plants.
- U.S. and Chinese officials are engaging in diplomatic talks over the Geneva trade agreement, with rare earth export restrictions expected to be a key discussion point.
- GM is transitioning from a traditional automaker to a platform company by rapidly expanding its EV portfolio and enhancing its software capabilities, including Super Cruise and the development of next-generation SDV technology.
- The executives emphasized disciplined capital allocation and investments in battery technology and manufacturing flexibility to sustainably drive profitability and improve cost efficiencies.
- The call also highlighted the importance of a winning product mix across ICE, EV, and emerging global markets, positioning GM for growth through innovative design and strategic market expansion.