Reuss Says GM Is Always Worried About Metal and Commodity Supplies

The transcript discusses GM's ambitious plans for electric vehicles, focusing on the Cadillac Lyric. It highlights the production timeline, the Ultima platform's role, and the challenges posed by the Ukraine war on supply chains. The impact of global events on material prices and EV demand is also explored, emphasizing GM's strategies to mitigate these issues.

What is a key differentiator for GM's electric vehicle strategy?

• Partnership with Tesla

• Focus on hybrid vehicles

• The Ultima platform

• The use of solar energy

How has the war in Ukraine affected GM's supply chain?

• It has led to a complete halt in production

• It has caused issues with raw materials like nickel and neon

• It has increased the demand for electric vehicles

• It has improved the supply chain efficiency

What strategy does GM use to manage fluctuating input prices?

• Long-term contracts and vertical integration

• Short-term contracts with suppliers

• Reducing production of electric vehicles

• Daily purchases of raw materials

What significant change has GM made in its battery technology?

• Reduced the amount of cobalt by 70%

• Switched to hydrogen fuel cells

• Increased the use of cobalt

• Eliminated the use of lithium

How are rising gas prices affecting the demand for electric vehicles?

• They have no impact on EV demand

• They are leading to a switch back to gasoline cars

• They are causing a decrease in EV interest

• They are potentially accelerating interest in EVs

When do GM's reservations for the Cadillac Lyric open?

• July 4

• June 15

• April 1

• May 19

What is the second largest investment for most people after their house?

• Education

• Healthcare

• Cars

• Vacations