GM CFO Stevens Says Passenger Cars Are Still Important

The transcript discusses a company's earnings, highlighting a strong performance despite a 26% production reduction due to market softness and planned model changeovers. The company managed to maintain solid profits and margins, particularly in North America. Inventory management was a key focus, with efforts to reduce dealer inventory levels. The discussion also covers the company's product mix, emphasizing a shift towards trucks and crossovers while maintaining a presence in the passenger car segment.

What was the company's profit in the third quarter despite a 26% reduction in production?

• $3 billion

• $4 billion

• $1 billion

• $2.5 billion

What was one of the main reasons for the 26% reduction in production?

• Increased demand for passenger cars

• Decrease in raw material costs

• Planned downtime for new model launches

• Unexpected supply chain disruptions

How did the company plan to align supply and demand?

• By reducing inventory levels

• By launching new marketing campaigns

• By expanding into new markets

• By increasing production of passenger cars

What is the company's strategy regarding its product mix?

• Become a full-line manufacturer with a focus on trucks and SUVs

• Focus solely on passenger cars

• Discontinue all crossover models

• Shift entirely to electric vehicles

Which segment does the company still consider important despite changes in product focus?

• Motorcycles

• Luxury vehicles

• Compact passenger cars

• Electric vehicles