GM CFO: Record Financial Performance Across the Board

The transcript discusses GM's record financial performance, driven by North America, and outlines strategies to maintain profitability amid rising inventories. It highlights GM's commitment to balancing supply and demand, ensuring pricing discipline, and maintaining US employment and investment. Future production plans focus on launching new crossovers and adapting to market trends, particularly the shift from passenger vehicles to trucks and SUVs.

What was a key factor in GM's record financial performance?

• Reduction in operational costs

• Expansion into new markets

• Strong performance in North America

• Increased production in Europe

How does GM plan to address the inventory build-up of passenger vehicles?

• Increasing production

• Reducing prices

• Adjusting production shifts

• Expanding into new markets

What is GM's approach to balancing supply and demand?

• Maintaining pricing discipline

• Reducing workforce

• Increasing marketing efforts

• Expanding production facilities

How many people does GM employ in the United States?

• 150,000

• 100,000

• 75,000

• 50,000

What trend has GM observed in vehicle preferences?

• Increased demand for electric vehicles

• Preference for compact cars

• Shift from passenger vehicles to trucks and SUVs

• Growing interest in luxury cars