I mean it's a campfire seating, we're having a conversation. We said we're going to manage our inventory and we kept that flat, we actually sold more vehicles and gained market share. The vehicle is really well designed. Your continued use of the Site after any changes are posted will be considered acceptance of those changes. That's where we keep expanding the fleet. Mary Barra, chair and CEO of General Motors, says that electric vehicles are the future for the company and the automobile industry. Designed by renowned architect Eero Saarinen, it is ideal for . We are creating a culture for innovators in which ideation is deeply valued, and agility is paramount. And how do you have confidence that -- because often, consumers will say, "Oh, that's great. Well, I think yes, General Motors is a 100-year-old company, but we are really well positioned with where we're at from EVs, and this is a critical year as we launch products we know customers want to have. GM DOES NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE INFORMATION OR THE RELIABILITY OF ANY ADVICE, OPINION, STATEMENT OR OTHER INFORMATION DISPLAYED OR DISTRIBUTED THROUGH THIS SITE OR ANY LINKED WEB SITE. So . General Motors Company (NYSE: GM) Q4 2022 Earnings Call Transcript January 31, 2023 Operator: Good morning, and welcome to the General Motors Company Fourth Quarter 2022 Earnings. We're seeing it come through with our order -- with where we sell Bolts with our orders for Silverados, Hummers, LYRIQs, et cetera. Updated: Feb 8, 2023 / 10:15 AM EST ROCHESTER, N.Y. (WROC) General Motors held a press conference on Friday to announce two investments they will make in GM Rochester Operations. It's a safer way to move people. So thank you for being here. I think, if you say outside of China, I mean, there's still tremendous growth opportunity in China. I think we're an industry that hasn't been as efficient as we could in sharing the technology that, frankly, is not a customer differentiator. Mary, that was a really long [indiscernible]. GM undertakes no obligation to update publicly or otherwise revise any forward-looking statements. I mean, we don't all drive around and choose between a two, four or six or eight person unit that moves us around. Okay. And that's what we're working so hard to get now and have infused innovation wins and having leading technology is key to keep differentiating yourself, having strong brands, having beautiful design. I still think we're going to have significant sales there. And you have a player that -- and each successive turn provides lower cost, right? We're the only full line manufacturer in the United States that has said we will be -- all of our light duty will be EV by 2035. So I'm excited. First off, I think the industry has learned a great deal through COVID. Because I think even right now with the price cuts they're taking, we're still seeing it with a lot of the EVs that we're selling, there's no one in our market or no one in a direct competitor from a Tesla perspective or frankly, I can't get enough LYRIQS out of the factory. BY USING THE SITE, OR BY DOWNLOADING MATERIALS FROM THIS SITE, YOU AGREE TO ABIDE AND BE BOUND BY THE TERMS AND CONDITIONS CONTAINED BELOW AND ELSEWHERE WITHIN THE SITE. But I think the opportunity to make more money comes in, especially, again, for General Motors with our Cruise partnership. I think there's true staying power there with the right entries and we're launching as we speak. And so I think we can take advantage of the manufacturing expertise, the men and women that work at General Motors that know how to safely build high quality vehicles efficiently. You can't all of a sudden turn it off and say now paying me for it. For 26 years, employers committed to diversity . Audio replay information will be available on theGM Investor Relations websitein the Events section. General Motors Company GM plans to invest $632 million in the Fort Wayne Assembly plant to produce the next-generation internal combustion engine (ICE) full-size light-duty trucks. But if we do think five and 10 years out, relative to the last decade. And frankly, some of those leaders who kind of led with that, they're not in an [indiscernible]. MENU. Going forward, we expect GM Financial dividends to moderate as earnings normalize and we continue to grow the asset base. So I think you clearly see that in China. And will four in non-luxury brands be able to really gain share in China going forward given how challenged and competitive that market is? So I think we can take all the lessons we've had in a lot of aspects from ICE and then quickly apply it, and there's really only one area we're focused on to get to parity from a cost perspective. I had a brick phone. It's just so much is changing. General Motors will be participating in the J.P. Morgan Auto Conference 2022 on Tuesday, August 9, 2022. So it's really that next three or four years, whether Tesla having had this five year head start kind of on everyone else continues to manifests itself in a lower cost structure. Three months later, we're at 2 million. Learn more about becoming of diverse supplier for General Motors. General Motors (NYSE: GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. So as we keep expanding, cities we keep expanding, get the speed up. Tesla In Early Innings Of 'Golden Success Story;' Fisker, Lucid Come Calling To China; Ford's Farley On 'EV Price Parity' And More: Biggest EV Stories Of The Week, Tesla may just be starting to unlock its true potential, Tesla set for US$3 billion boost from Ford, GM charger deals, Tesla's $3B Jackpot: Analyst Projects Rival EV Makers Could Supercharge Its Growth By 2030, Teslas SuperCharger Deals Make EVgo Stock (NASDAQ:EVGO) a No-Go, RBC Capital Sticks to Their Buy Rating for General Motors (GM), Registration on or use of this site constitutes acceptance of our. It opens up styling. I mean I think when you look at China, over 100 EV makers, 50% capacity utilization, that's not sustainable. IN NO EVENT SHALL GM OR ANY OF ITS SUBSIDIARIES BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES (INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION OR PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM) THAT ARE RELATED TO THE USE OF, OR THE INABILITY TO USE, THE CONTENT, MATERIALS, AND FUNCTIONS OF THIS SITE OR ANY LINKED WEB SITE, EVEN IF GM IS EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Or do you feel that the market should deterioration? The consumers are getting blind spot detectors for free. So I think you'll see those continue. Well, thank you for being here. We know what they did. The plans that we're executing, we will have the ability to get there. All right. But outside of Cruise, and you did basically say, "Hey, we're not really sure we need to reinvent the world on media, and we'll go with Androids and whatnot or not go with Android. And you and others are talking about this. And so, I think -- I believe we'll get there. GM MAY MAKE ANY OTHER CHANGES TO THIS SITE AND THE INFORMATION CONTAINED IN THIS SITE AT ANY TIME WITHOUT NOTICE. come through with our order -- with where we sell Bolts with our orders for Silverados, Hummers, LYRIQs, et cetera. When I first took this job back in 2014, I said we were going to see more change in the next five years than we've seen in the last fifty. So we have a lab that they can -- we can work with them on that. We're kind of in more of a, I'll say, good weather states as we've already sell train, we've sold FOB, now we're working, we got to solve snow. Shares are trading at $36.29, and Wall Street analysts have a neutral overall rating of the company, with 13 of 24 analysts rating the company a buy. I've just lost all credibility. General Motors Co. (NYSE: GM) will release its third-quarter 2022 financial results on Tuesday, Oct. 25, 2022, at approximately 6:30 a.m. I think there have been some share losses over the last five years. BY USING THE SITE, OR BY DOWNLOADING MATERIALS FROM THIS SITE, YOU AGREE TO ABIDE AND BE BOUND BY THE TERMS AND CONDITIONS CONTAINED BELOW AND ELSEWHERE WITHIN THE SITE. So I've been in this role for nine years. Changes will be effective when notice of such change is posted. Well, that's a very good question. Maybe we can talk a little bit about what you envision those being and. And what we see happening with full-size trucks and SUVs. And we continue to work and look for opportunities to leverage what we're doing at Cruise. Plus500. But there's been a lot of technology innovation in the automotive industry in the last 50 years and the people that have wanted been the consumers, right? I think the vehicle, and I think it's why a lot of the tech companies are so interested in the automobile because I think it is that software platform. It's like, do you have this mindset that I'm going to continue to innovate while continuing to take cost out. So you highlighted well all the challenges. And I think it's the fastest growing and a pretty large market as well. So if they think heated seat should be a part of it. It's actually in -- it's quite good. And when you look back in General Motor's history, there was a point in time where we had both as General Motors was formed. APPLICABLE LAWS: This Site is controlled by GM from its offices within the United States of America. I hear the notion of autonomy. BLOOMBERG. We have not talked about that publicly, and I think that's Kyle to share. YOU ACKNOWLEDGE THAT ANY RELIANCE ON ANY SUCH OPINION, ADVICE, STATEMENT, MEMORANDUM, OR INFORMATION SHALL BE AT YOUR SOLE RISK. So Tesla is arguably on Gen 2.5 already. We're the only full line portfolio manufacturer that has the autonomous capability in-house. Shares of EV makers Tesla, Inc. TSLA and General Motors Company GM moved higher this week as the two competitors announced that GM cars will be equipped to use Tesla charging stations by 2025. We want to own the relationship with the customer. GM is Positioned for Strong, Long Term Business Results. GM has the scale and ingenuity to make a difference. I think the other big area of opportunity is the vehicle as a platform, and the software and services piece of that allows for a very different margin structure, allows for a longer relationship with the customer. They want to make it their own. So you look at a lot of the teardown information. Well, I think we're growing pretty rapidly right now. GM reserves the right to terminate any link or linking program at any time. And I commend you for your staying power joining in the last session. So if you think about Kyle as the CEO, CTO and founder, the technology is now -- we're able to scale it pretty quickly and think about what you need to do to run a city to run an autonomous fleet, it's frankly, simpler than running an airline from getting the vehicles where they need to be, getting them charged, making sure they're clean. I mean, we're making some of our own motors as well. And you could argue maybe Toyota when they went to [indiscernible] had it for a few years, maybe Chinese manufacturers because of domestic labor have it for a few years, but then things become global. It's very parallel because of the vehicle can become that platform, and you can pull the information from the vehicle to provide new experiences for the customer make their life better that they haven't had before. But I would also say customers want new. Use percentages because BRM is moving up and down so much. GM does not endorse companies or products to which it links and reserves the right to note as such on its Web pages. As a leader in autonomous technology and the future of mobility, General Motors is working on building products that will help move humanity forward safely, sustainably and efficiently. And I'd love to and we will get into some of those incremental opportunities going forward. THIS WEB SITE (THE "SITE") IS PROVIDED BY GM FOR INFORMATIONAL PURPOSES ONLY. Chair and CEO Mary Barra's letter to shareholders, Consolidated Financial Highlights Q3 2022, GM is Positioned for Strong, Long Term Business Results. But I think it's important even in the US to not get in front of the customer wanting the vehicle, we've worked hard to have the right range to have the right safety to have beautiful design. While the company did not recognize any sales, cash burn remained substantial. But I also think there has been a fundamental shift as the industry has moved to EVs, I think there's a different and more welcoming acceptance of some of the domestic brands. Of course, you've got to keep innovating with new technology, new offerings. We've seen it time and time again. But I'm just wondering where the conviction comes from in terms of -- because it's a really different change from, I think, how consumers will consume their automobiles going forward. So I think when you look at the growth there, not only in ride share, but personal autonomous vehicles in moving of goods, I think autonomy is a huge opportunity that will have a different margin profile. But I don't think there's tremendous growth left from a number of vehicles sold in the US. Right. IF YOU DO NOT AGREE TO ABIDE BY AND BE BOUND BY THESE TERMS AND CONDITIONS, DO NOT USE THIS SITE OR DOWNLOAD MATERIALS FROM THE SITE. And so, that's why we're investing Mike Abbott from Apple just joined our team to make sure we have the right in car experience that is seamless and really takes it to the next level of what people have today. ArcelorMittal North America said on Tuesday the steelmaker will supply General Motors with recycled and renewably produced steel . So if ultimately, there are maybe fewer players going forward, five and 10 years from now than there are today, what happens to them? But I also think it's a really different change in terms of behavior because historically, so much of that has just ultimately become embedded in functionality in cars. Changes will be effective when notice of such change is posted. But if -- and I want to talk about Cruise and the revenue opportunity as well as the differentiation opportunity there. It depends on the size of the existing company. Not at all. So there'll be a sorting there. A further list and description of these risks, uncertainties and other factors can be found in our Annual Report on Form 10-K, and our subsequent filings with the Securities and Exchange Commission. Like, is there consolidation that's going to happen? Feb 1, 2022 at 5:00 PM EST DETROIT - General Motors Co. (NYSE: GM) will release its fourth-quarter 2021 financial results on Tuesday, Feb. 1, at approximately 4 p.m. Yes. And how about from a regulatory perspective? And think about the number of vehicles, we sell more vehicles in the United States than anyone else. Some of the battery raw materials are coming down, but they're frankly, still higher than historical levels. Audio webcast and taped replay information will be available on the GM Investor Relations website. GM Financial paid an additional $1.7 billion dividend in Q4. General Motors will shut production at most of its North American plants for a week or two starting next week as the worsening chip shortage takes another bite out of . General Motors Company Q3 2022 Earnings Conference Call Oct 25, 2022 at 8:30 AM EDT General Motors Co. (NYSE: GM) will release its third-quarter 2022 financial results on Tuesday, Oct. 25, 2022, at approximately 6:30 a.m. They want to personalize it. But I also think with the addition of Mike Abbott and some of the -- and Edward Kummer who joined us about a year ago, who has Disney and Nordstrom experience along with Mike's experience, I think we're bringing outside talent that has experience in that space, not just relying on, I'll say, traditional OE experience. The consumers are getting backup cameras, standard on every car. And are there examples. I know the vehicles following all the traffic laws. So I think what can be a differentiator is not a culture of innovation along matched with a culture of efficiency. I have complete confidence. Upcoming Events General Motors to Participate in the Morgan Stanley Annual Sustainability Conference May 23, 2023 Add to Outlook Add to Google Calendar General Motors to Participate in Bernstein's 39th Annual Strategic Decisions Conference Jun 2, 2023 Add to Outlook Add to Google Calendar ET GM earnings call for the period ending December 31, 2021. And as they become a broader portfolio and you become a broader portfolio in EVs, if ultimately they are a generation head for four or four more years they're willing to take 6% operating margins, isn't that going to be really tough for everyone? But we're making good progress now in the 24 -- 7x7, 24/7 in San Francisco and working on that. I think when we look at the strength of our EV portfolio that we're rolling out by the end of the year, we'll have nine EVs. No, that's okay. GENERAL: GM reserves the right, at its sole discretion, to change, modify, add or remove any portion of these Terms and Conditions, in whole or in part, at any time. GM DOES NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE INFORMATION OR THE RELIABILITY OF ANY ADVICE, OPINION, STATEMENT OR OTHER INFORMATION DISPLAYED OR DISTRIBUTED THROUGH THIS SITE OR ANY LINKED WEB SITE. So Id love your perspective on those questions. GMs fireside chat will begin at approximately 11:05 AM ET. What is that meant for you? In some cases, they're still saying, Well, I can't take a ride with you because you don't go where I need to go, yes. So I think it's very important as we do this, we don't get it in front of enabling the consumer to say, yes, this is what I want as opposed to forcing them at this is what I have to get. So they've got the scale. I think it's pretty clear what additional value-added services can be. Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, welcome to the General Motors Company fourth-quarter 2020 earnings conference call.. So we're moving aggressively in the U.S. by the 2030 time frame. Right. We also do our own research work with a lot of start-ups. Yes. If we reflect on the last 12 months, what are the two or three things that you think have happened in the auto industry that are most notable or maybe has changed your thinking in any way? Entering text into the input field will update the search result below, of the developing markets, South America, et cetera. And again, we're first gen. And so, I take every competitor seriously. We're seeing it with the Escalade Platinum in the V Series. We're at the very early stages of what is going to be a tremendous business with curtain autonomous and moving to personal electronic vehicles, personal autonomous vehicles and then the whole connectivity piece is just a growth opportunity for us. Because typically, it's -- you've had more limited hours, some restrictions on a number of vehicles, et cetera. I think that when you look at our performance, even right now, we're still seeing strong demand, strong pricing. With the . THE INFORMATION CONTAINED HEREIN MAY CONTAIN INACCURACIES AND TYPOGRAPHICAL ERRORS. For Gerald Johnson, Eric Cunningham and Charles Muse, these paths led to all three engineers winning awards during the Becoming Everything You Are (BEYA) STEM Conference. I think we're about the same age. But as I said, we're still not at a -- IRA was important because battery costs are still not at a point where you can get to the mass market, which is this $30,000 to $40,000 vehicle, that's what the bulk of new car sales are, frankly, around the globe, that C segment kind of crossover SUV. And we constantly look at that where are the opportunities. And what -- and again, the $50 billion in 2030, is that all commercial? But again, I think once municipalities see the success of it, the safety of it, again, it's a better way to move people. So I think that's one thing. So we're keeping our eyes wide open on those opportunities because it's all about how do we get more efficient with our capital that enables us to have the right product portfolio and the right products to win in the market. And I think that's just the efficiency that we have to drive. You mentioned a couple, you have a lead because you're doing something innovative. So from a commercial side, when like, is regulatory gating factor? (RTTNews) - General Motors Company (GM) will host a conference call at 10:00 AM ET on October 27, 2021, to discuss Q3 21 earnings results. We don't plan on replacing that. I think clearly, I mean, there are certain states, municipalities in the US that are more regulatory-focused than others. General Motors Company (NYSE:GM) Bernstein's 39th Annual Strategic Decisions Conference 2023 June 2, 2023 11:00 AM ET. The GM Design Auditorium (aka, the "Dome") is one of the most recognizable aspects of the Technical Center campus. So maybe we could just start really zoom out and think about and talk about the global auto market. Learn how to apply and what you need to become a diverse GM supplier. I mean, for me, I guess, the question is, can you point to other examples of really competitive industries that have been able to effectively move and change their margin profile dramatically over time, because that's effectively the starting point for the auto industry, arguably one of the most competitive global industries. Summary. This website may include forward-looking statements. And generally, more competition makes tough industry even tougher, right? Right. You should visit this page from time to time to review the then-current Terms and Conditions because they are binding on you. So that's a total growth segment for us, and we're seeing already that pickup as well as our overall fleet sales. And I think it's an industry we haven't always been good at that. You should visit this page from time to time to review the then-current Terms and Conditions because they are binding on you. So it remains to be seen, so it's a fair point. And everyone was listening, which is a good thing. And frankly, the penetration of people who want the Denali Ultimate, not the Denali, it was surpassed what we thought it was going to be from a penetration perspective. I think there'll be more partnerships, hopefully, more technology sharing. I think you do that at your own risk. And so we're leveraging that. YOU ACKNOWLEDGE THAT ANY RELIANCE ON ANY SUCH OPINION, ADVICE, STATEMENT, MEMORANDUM, OR INFORMATION SHALL BE AT YOUR SOLE RISK. There's many opportunities, many conversations going on. It was 15 months to get their first million miles. The call comes after the company's earnings, which are. And I think I totally agree with that at end state. I think that -- and they were the first -- but I think we're already seeing a very different regulatory environment in Texas and Arizona. So I think making your own luck there, we clearly see when I'm buying a battery cell versus making it, that's a huge differential. These statements are based on current expectations about possible future events and thus are inherently uncertain. The linked sites are not under the control of GM and GM is not responsible for the content of any linked site or any link contained in a linked site. General Motors (GM), the large American automaker, is presenting a streamlined and simple approach"Work appropriately." Mary Barra, the CEO of the iconic carmaker, said about her perspective. This website may include forward-looking statements. These Terms and Conditions of use are governed by the laws of the State of New York, without giving effect to its conflict of laws provisions. So -- and then again, it's not that it's not just a time of purchase but it's -- and it's not just the first owner, but because of the connectivity, you've got then the relationship with the second and third owner. I think they're over the mid- to longer term, there's still growth potential there. So we're going to be leaner and the average age of both technical average seniority of most of our technical resources is around 5 years or less. So a couple of questions. Is it just more broad adoption? And when you think analogously, the other examples or industries, that have migrated kind of from the starting point, what do you think of? ABOUT US. I think it's going to scale quite rapidly, and it will just be the number of rides, but the demand is there because people when they go through the experience they're like, this is great. And so, if they're setting a cost bar that's still ahead of most for the next four or five years, and they're willing to take margins that are relatively low. I'm not listening to someone else's music. And in China today, that has contributed to the market share? Your target is $1 billion in 2025. We know we can get better. I guess the question is in the interim state, right, because Tesla will be coming out with their next-generation lower-cost platforms, which will be at least two units, we think four ultimately at lower cost. REGISTRATION. After the. Can the industry get there, either from a battery cell production perspective, from a lithium refinement perspective, from other commodities. You should visit this page from time to time to review the then-current Terms and Conditions because they are binding on you. That's why we made the decision we made with CarPlay, because we want to own the relationship with the customer. But I think it's a very competitive environment. They're not driving new radically. GM makes no representation that information in this Site is appropriate or available for use in other locations, and access to this Site from countries or territories where the Site's content is illegal is prohibited. So just for the record on that. Clearly. And so, I think there's a way that you can lead with the right technology, beautiful design and constantly be challenging yourself to get costs out. Yes. And so that kind of discipline, I think, is what hopefully the industry has seen that they can maintain the margins and have the right business as opposed to some of the really bad behavior in the past. I just said like 5 million units to get to $25 billion [indiscernible]. But I think it's cultural. And I think the investment -- one of the things where we have a huge advantage is we don't have to go find a plot of land, permit a plant, build a plant, we just modify an existing plan. So we're really thrilled to have Mary here to tell the GM story. I just wonder how difficult it might be in that interim period [indiscernible] state, things kind of normalize, people copy each other, technologies become more broadly adopted, particularly among large vendors. Our actual results may differ materially from forward-looking statements due to a variety of factors, including: (1) our ability to deliver new products, services and experiences that attract new, and are desired by existing, customers and to effectively compete in autonomous, ride-sharing and transportation as a service; (2) sales of crossovers, SUVs and full-size pick-up trucks; (3) our ability to reduce the costs associated with the manufacture and sale of electric vehicles; (4) the volatility of global sales and operations; (5) our significant business in China which subjects us to unique operational, competitive and regulatory risks; (6) our joint ventures, which we cannot operate solely for our benefit and over which we may have limited control; (7) changes in government leadership and laws (including tax laws), economic tensions between governments and changes in international trade policies, new barriers to entry and changes to or withdrawals from free trade agreements, changes in foreign exchange rates, economic downturns in foreign countries, differing local product preferences and product requirements, compliance with U.S. and foreign countries' export controls and economic sanctions, differing labor regulations and difficulties in obtaining financing in foreign countries; (8) our dependence on our manufacturing facilities; (9) the ability of suppliers to deliver parts, systems and components without disruption and on schedule; (10) prices of raw materials; (11) our highly competitive industry; (12) the possibility that competitors may independently develop products and services similar to ours despite our intellectual property rights; (13) security breaches and other disruptions to our vehicles, information technology networks and systems; (14) compliance with laws and regulations applicable to our industry, including those regarding fuel economy and emissions; (15) costs and risks associated with litigation and government investigations; (16) compliance with the terms of the Deferred Prosecution Agreement; (17) the cost and effect on our reputation of product safety recalls and alleged defects in products and services; (18) our ability to successfully and cost-efficiently restructure operations in various countries with minimal disruption; (19) our ability to realize production efficiencies and to achieve reductions in costs; (20) our ability to develop captive financing capability through GM Financial; and (21) significant increases in pension expense or projected pension contributions. So I get it on the commercial side. So if you have to think about global and by region? And if you were to say 10 years from now, are we going to be selling more or less units than we are today? And so, you have an industry that was always really tough, and it's defining characteristic from a quarter five forces perspective was just the intensity of rival rate, right? So I think there is going to be some consolidation. I mean, we continue to have more upscale models. And I just -- like you mentioned hotspots and it's a pretty nominal amount, maybe $10 a month. We're seeing it. May 06, 2021. And so I think with the 60, what is in the current EPA proposal, we're very supportive of what we need to do from a climate change perspective, but we've got to make sure the permitting to get there, you've got to get the permitting and a little improvement there, but there's much more that needs to be done to get permitting where it needs to be to enable what will -- they'll take to get over 50%. GM MAY MAKE ANY OTHER CHANGES TO THIS SITE AND THE INFORMATION CONTAINED IN THIS SITE AT ANY TIME WITHOUT NOTICE. Representing GM will be: PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS SITE. That's what we're driving at General Motors. As Kyle said, a few years from now, we're going to look and say, why did we think when four people were writing somewhere we were going to be comfortable with the two people in the back seat steering at the people in the front seat back of their heads. Will the industry have higher or lower profit and why? Right now, I think a lot of it is being driven by a regulatory environment. I'd agree with you on that. And if I have dual motors on that, like the dual motors are close to the cost of an engine today and then the battery is on top of that. But what we've seen very much a willingness is something that's above and beyond like the safety security service we provide, the wireless -- having your vehicle be a hotspot. General Motors on June 8 announced a collaboration with Tesla to integrate the North American Charging Standard connector design into its EVs beginning in 2025. So, I mean, I think there's been a lot of change in this last year, and I think we're just going to continue to see it. And you mentioned that Tesla sort of one platform or 1.5 platforms ahead of pretty well everyone else in the industry. And once we get there, we'll go through this ramp-up of battery plants. Where do you think EV penetration is in 2030? General Motors stock has posted a gain of 12.84% so far in 2020, and is down 24.44% compared to the same time last year. 86% of retail CFD accounts lose money, 3 Best Stocks to Buy Now, 6/12/2023, According to Top Analysts. And what is the path and time frame for Cruise to breakeven? And I give great credit to Cruise and GM working together because there's been a focus on safety at every step of the way. We're already seeing it, and we're dedicating the resources to take the cost out. LINKS TO OTHER MATERIALS: As a convenience to you, GM may provide on this Site links to Web sites (the "linked sites") that are operated by other entities. These Terms and Conditions of use are governed by the laws of the State of New York, without giving effect to its conflict of laws provisions. So we're a very different company than most people think. We're holding our inventories actually went down a twitch month-to-month and relatively flat from an incentive perspective. The call comes after the company's earnings, which are set to be announced on 1/31/2023. But I even think about, well, there were great hotspot businesses in airports and stuff. We hired Gil West, who was the COO of Delta. Because clearly, consumers have always paid for advanced features initially. But on the consumer side, beyond autonomy, what are the kinds of opportunities that you see that could be meaningful from a revenue enhancement perspective? 2021 Q2 Consolidated Financial Highlights, GM is Positioned for Strong, Long Term Business Results, +1-949-484-0645 (international/caller-paid). It's here. And then from a software subscription services on demand, we already know that's a better margin business with the business we have with OnStar. But there still is a sorting that has to happen there because what's going on. Financial materials will be available on the company's Investor Relations website, http://investor.gm.com, in the Earnings Release section, and on GM's media website, http://media.gm.com. And so I think understanding and driving the efficiency with not just replicating today's very complex global ICE portfolio, but really looking strategically. Right. ET, followed by a conference call for financial analysts at 8:30 a.m. That's not sustainable. So again, I think it's so important, and that's why to invest in getting better cell costs down, getting packed down. An interesting thing, one of the leading EVs in China is the Hongguang mini. So I think that speaks to the strength of our products. Listen to webcast. And Cruise gets to leverage all the safety expertise that GM has and our relationships with the regulators. When you look at where EV or AVs are today, we're now running 24.7, 7x7 in San Francisco. And that's why we've made some decisions. GM does not endorse companies or products to which it links and reserves the right to note as such on its Web pages. General Motors is investing $760 million in its Toledo Propulsion Systems factory, which builds transmissions for gas-powered vehicles, so that it can make electric drive units for electric . Well, first of all, I don't discount any competitor. I think Europe is following close behind. And at least you see General Motors being very disciplined. The companys subsequent earnings announcements are scheduled as follows: PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS SITE. The Michigan Economic Development Corporation is expected to say yes to an incentive package for General Motors in Lansing Tuesday, Jan. 25. ET, followed by a conference call for financial analysts at 10 a.m. So I mean, there's a lot, it's just a better experience. And not -- I don't think everyone can do that because it's not -- it doesn't happen overnight. I think that's an example. GM RESERVES THE RIGHT, IN ITS SOLE DISCRETION, TO CORRECT ANY ERRORS OR OMISSIONS IN ANY PORTION OF THE SITE. ET, followed by a conference call for financial analysts at 10 a.m. But does each municipality ultimately have to go through the same process as San Francisco did, which is sort of a more gradual adoption over time, limited vehicles, limited hours, et cetera. So, Mary and I were just remarking that Jim hasn't been at the SDC for at least 15 years if ever. How do you think about it over the next 10 years? And like I said, ride share, goods movement, but then personal autonomous vehicles, you will see it in this decade being available more widespread than I think most people think. But if I kind of assume that at a high level and say, okay, well, let's say, a midsized car has a 60 or 70 kilowatt battery, it's maybe $150 or $160, today it's $10,000. So you have seven new competitors and arguably an industry that historically has been super, super competitive. DETROIT, Oct. 13, 2021/PRNewswire/ -- General Motors Co.(NYSE: GM) will release its third-quarter 2021 financial results on Wednesday, Oct. 27, at approximately 7:30 a.m. If you access this Site from outside the United States, you do so on your own initiative and you are responsible for compliance with all applicable local laws. Audio replay information will be available on the GM Investor Relations website in the Events section. So they're further down that cost improvement path. But I can tell you, General Motors has been, frankly quite disciplined as we came through the restructuring in the 2008, 2009 time frame, so you look back and see that, but I also think there's an innovation piece of it because, again, people eventually will say, well, why doesn't that come with my vehicle? General Motors will be participating in the J.P. Morgan Auto Conference 2022 on Tuesday, August 9, 2022. They want new styling. I have that too, but I dont want to go back that far. supplierdiversity@gm.com. We have great engineers. Good morning, and welcome to the General Motors Company Fourth Quarter 2022 Earnings Conference Call. The next thing is they're willing to pay for something got, if I buy my vehicle today and two years from now, there's something that's been invented that's new or a new service or a new feature, people are willing to pay for that. But remember, it's annual. I think there's a couple right now that are on the brink that just might not exist. Is it 50 or 60? IN NO EVENT SHALL GM OR ANY OF ITS SUBSIDIARIES BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES (INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION OR PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM) THAT ARE RELATED TO THE USE OF, OR THE INABILITY TO USE, THE CONTENT, MATERIALS, AND FUNCTIONS OF THIS SITE OR ANY LINKED WEB SITE, EVEN IF GM IS EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Image. This is our year to really demonstrate an EV/AV and then connectivity will continue to expand over the next couple of years. And again, it sort of goes to this notion of what ultimately becomes table stakes in terms of expected levels of offerings going forward? So how do you get -- and this is obviously like a really key question for the whole industry. THE INFORMATION CONTAINED HEREIN MAY CONTAIN INACCURACIES AND TYPOGRAPHICAL ERRORS. Is there any message you'd like to let with investors? Callers might need to enter an access code, General Motors, when dialing in. The industry is -- most of them don't make money. A press conference announcing the details is scheduled . I was just there last week. So you're going to have that -- I think you can -- it doesn't take a whole cycle to catch up to where you could say the industry leader is. Again, as we look on the vehicles that we have right now, we've already seen a lot of improvement. I've been in this industry for 40 and this is the most exciting time I've ever seen. Cruise has its milestone out for 2025 from -- I think it was $1 billion in revenue. The General Motors chief says efficiencies, innovations and learning from mistakes will allow her company to become a leader in electric vehicles. Like how do you -- where does that number come from? And that rival feels like it's getting more financed, right? I think there is a lot of start-ups in the industry, but I think people are realizing the scaling and the manufacturing of autos is a skill. So I can't speak for the industry, but with all the steps we're taking, and we announced a further expansion of our arrangement with Pasco today. New York CNN Business . I would definitely pay for that. But two things happen. GM DOES NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE INFORMATION OR THE RELIABILITY OF ANY ADVICE, OPINION, STATEMENT OR OTHER INFORMATION DISPLAYED OR DISTRIBUTED THROUGH THIS SITE OR ANY LINKED WEB SITE. And I think a number to think about from a Cruise perspective is, once they started doing driverless miles, true driverless miles, so no one is behind the steering wheel. Europe is kind of similar. Second one comes up this year, one next year, one the following year. So we've got a plant already ready to build and scale those vehicles. ET, followed by a conference call for financial analysts at 5 p.m. Well, it's a pretty detailed business plan that they have. During the opening remarks, all participants will be in a listen-only mode. I think those that are best positioned will have higher, and I think it's for a number of reasons. I mean some -- they might partner, they might get acquired. And so, I think when we're looking to grow that, I think it's going to be something we're going to see in the latter part of this decade that I think is going to become quite common. If they're willing to have [midline] (ph) margins, doesn't that make it very, very tough for everyone else who's a generation behind or. Mary is not coming back. ET. And the Cruise already has their own app. So that curve is -- or that line is going up as battery costs are coming down. THE INFORMATION CONTAINED HEREIN MAY CONTAIN INACCURACIES AND TYPOGRAPHICAL ERRORS. There's an EPA proposal in the US that's like 54% to 60% of EVs by 2030. So I think battery technology will -- that will be a differentiator. And frankly, with the separation program that we just did, we reduced 15% of our leadership ranks. So that's how fast they're scaling. And I hear the notion of value-added services. GMs Investor Relations website in the Earnings Releases section: 1-517-308-9481 (international/caller-paid). And we just were revealing or launching and selling the Chevrolet Trucks, and it starts at $22,000 and that platform makes money. And then there's additional services, customization. They're on the -- you're exactly right. If you decide to access any of the third party sites linked to this Site, you do this entirely at your own risk and it is your responsibility to take all protective measures to guard against viruses or other destructive elements. So I think -- so yes, I think there's a piece of it that GM owns from not having the right portfolio fast enough, and we're correcting that right now. These statements are based on current expectations about possible future events and thus are inherently uncertain. Im still saving time a little bit later to get that. Our actual results may differ materially from forward-looking statements due to a variety of factors, including: (1) our ability to deliver new products, services and experiences that attract new, and are desired by existing, customers and to effectively compete in autonomous, ride-sharing and transportation as a service; (2) sales of crossovers, SUVs and full-size pick-up trucks; (3) our ability to reduce the costs associated with the manufacture and sale of electric vehicles; (4) the volatility of global sales and operations; (5) our significant business in China which subjects us to unique operational, competitive and regulatory risks; (6) our joint ventures, which we cannot operate solely for our benefit and over which we may have limited control; (7) changes in government leadership and laws (including tax laws), economic tensions between governments and changes in international trade policies, new barriers to entry and changes to or withdrawals from free trade agreements, changes in foreign exchange rates, economic downturns in foreign countries, differing local product preferences and product requirements, compliance with U.S. and foreign countries' export controls and economic sanctions, differing labor regulations and difficulties in obtaining financing in foreign countries; (8) our dependence on our manufacturing facilities; (9) the ability of suppliers to deliver parts, systems and components without disruption and on schedule; (10) prices of raw materials; (11) our highly competitive industry; (12) the possibility that competitors may independently develop products and services similar to ours despite our intellectual property rights; (13) security breaches and other disruptions to our vehicles, information technology networks and systems; (14) compliance with laws and regulations applicable to our industry, including those regarding fuel economy and emissions; (15) costs and risks associated with litigation and government investigations; (16) compliance with the terms of the Deferred Prosecution Agreement; (17) the cost and effect on our reputation of product safety recalls and alleged defects in products and services; (18) our ability to successfully and cost-efficiently restructure operations in various countries with minimal disruption; (19) our ability to realize production efficiencies and to achieve reductions in costs; (20) our ability to develop captive financing capability through GM Financial; and (21) significant increases in pension expense or projected pension contributions. Aug 9, 2022 at 11:05 AM EDT. And when you think about an EV, the cost right now is all about the battery, controlling that is why we've made the investment in the plants that we're doing. I don't think so. But if you're giving them something new, they are willing to pay for it. You mentioned a number of startups, and there are six new EV makers with market cap above $7 billion, plus BYD. Well, I guess two questions on that, and you've been in the auto industry whole career. We have our first Ultium pack. Reuters. I think the second is, the IRA and the opportunity that that affords, and I'm really pleased that General Motors is well positioned because even -- well before we even knew there'd be an IRA we started with an onshore [Ally Shore] (ph) of our supply chain, and so we're going to be able to take advantage of that. And so, you want that first, second, third customer and that connectivity, you can get it. So thank you for your support of our conference. So -- and I would say it's an ICE example, but I think it talks to the capability mean, if you look at General Motors, every new product we put out is more fuel efficient, weighs less, has a lot of innovation. They want to customize it. I think when we took down our truck plant earlier this year, it was misinterpreted because we kept our inventory flat. ET. And now we have the Denali Ultimate. Financial materials will be available here, and on GM's media website, http://media.gm.com. And it's really beneficial for them because right now, we're testing the origin on streets in Austin, and we can scale up and build the origin to help their scaling which again, once you ride in an origin, I've had the opportunity to do that a couple of times now, and it's game changer. We continue to expand in Austin, in Phoenix. GM undertakes no obligation to update publicly or otherwise revise any forward-looking statements. And like what's the best analogy for that? General Motors Co. (NYSE: GM) will release its second-quarter 2021 financial results on Wednesday, Aug. 4, at approximately 7:30 a.m. But Again, I think it's going to be not just one single answer. And then generally, someone goes in and buys the asset. So if we think about just sort of EV evolution, where do you think EV as a percentage of sales will be, let's say, in 2030 for the market as a whole. Okay. General Motors Company (NYSE:NYSE:GM) Bernstein's 39th Annual Strategic Decisions Conference 2023 June 2, 2023 11:00 AM ETCompany ParticipantsMary Barra - Chair and CEOConference Call. And I think you have to have a beautiful vehicle if people don't want older technology. The Women of Color Conference awards honor excellence and underscore the under-representation of women at senior levels. But then the giant growth opportunities for us are autonomous. I think one of the reasons you saw us move quickly to Texas and Arizona, a much more welcoming regulatory environment. PFG currently runs a . So I think in the early days, I think Cruise is plowing a lot of ground in getting the regulatory environment set up. At the heart of this strategy is the Ultium battery platform . So if you look at the leadership team and dig in to General Motors, we're a very new leadership team. So that's a more immediate growth opportunity. First of all, it's not thousands of dollars per vehicle, by the way, in the models that we need to get there. I think when you look at the US, North America, we're still a little depressed from where we were pre pandemic. APPLICABLE LAWS: This Site is controlled by GM from its offices within the United States of America. I think it builds on OnStar. I mean, we all tired down each other's vehicles. There's a lot -- there's not a lot of transparency in battery pricing from an industry perspective. GM reserves the right to terminate any link or linking program at any time. When you think about it, just a few years ago, someone would say, they didn't say, I drive a GMC, can they said, I drive a Denali. But I think -- so a couple of things. So you go from -- it's a device mainly to enable you to have voice-voice communications but affordable, awkward to send messages to something that you can frankly manage your life on. The Battery Show & EV Tech Expo 2022 Recap Watch on 15,000+ ATTENDEES 775+ SUPPLIERS But we still believe that we'll get to that low to mid-single-digit margins in 2025 and then improve from there. Hello, everyone, and welcome. The linked sites are not under the control of GM and GM is not responsible for the content of any linked site or any link contained in a linked site. I think, probably with similar in Europe, maybe a little bit more growth opportunity in some of the developing markets, South America, et cetera. General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. THIS WEB SITE (THE "SITE") IS PROVIDED BY GM FOR INFORMATIONAL PURPOSES ONLY. Absolutely. If you decide to access any of the third party sites linked to this Site, you do this entirely at your own risk and it is your responsibility to take all protective measures to guard against viruses or other destructive elements. So our costs, just with the extra manpower you have ramping up, we're not running the facility at full tilt and we have so many facilities starting up right now. And so, I think in certain segments, there's higher loyalty. But when you think about like what -- if we take out commercial, what do you think consumers will ultimately value and pay for that will be sustainable? And I think you've seen some other OEMs start to say, Oh, and now I'm going to charge you for heated seats. He's now at Cruise. And I think you'll see that all of us as we get our first-generation EVs out there that are purpose built, not just modified ICE that you're going to see refinement in cost out, battery chemistry improve, hopefully need less battery raw materials and get it at a much lower price point. When you look, I think, where we're going to be in 2025, I think we'll be covering only 50% of the segments, but 70% of the volume. Transcript. So they'll be driving it, and it's no secret to why they have the highest penetration. And I think that will help in that. So I mean reflecting on that, can an automaker have a structural cost advantage that is durable? I think we were slower than we should have been in moving to EVs, and we've addressed that along a number of fronts than we should have been. But I think no one has a right to exist in this business. It's a context for the choices we make in pursuit of our vision of Zero Crashes, Zero Emissions and Zero Congestion. One I think is phones. Is this happening to you frequently? And I would say a lot of our disadvantage right now isn't the design, it's more the ramping up. Right. June 07, 2023 09:52 AM updated 3 hours ago. Even if I take the battery in half and say it's $75 per kilowatt hour and I have a 70 kilowatt -- $75 and I have a 70 battery, it's $5,000 for the battery, and then I still put two motors on there, still going to be more than an ICE engine [indiscernible]. And if we -- again, this is a strategic decisions conference, so I know I'm asking a lot of questions about five to 10 years out. And then we didn't have that. And when you think about cost, do you think it cost -- well, do you think anyone has a structural cost advantage today in EV. I mean you have it? I think autonomy opens it right up because think about personal autonomous vehicles. But I think there's not an industry or not a product where you can just stay stable. I don't think it's a permanent lead. Learn More About GM Learn from the Best GM requires GM ASEP instructors to have the latest high-tech training available. Quite an entrepreneurial company, quite innovative, leading cost position very strong. Financial materials will be available at the following locations: Please dial in at least 15 minutes in advance to ensure a timely connection to the call. GM's fireside chat will begin at approximately 11:05 AM ET. IF YOU DO NOT AGREE TO ABIDE BY AND BE BOUND BY THESE TERMS AND CONDITIONS, DO NOT USE THIS SITE OR DOWNLOAD MATERIALS FROM THE SITE. Are they. And right now, we don't -- we can't give -- we have more demand for rides then we have vehicles. We signed on to the President asking the whole industry to the 40% to 50%. We've done a lot of research in understanding what the consumer will pay for and what they won't. GM RESERVES THE RIGHT, IN ITS SOLE DISCRETION, TO CORRECT ANY ERRORS OR OMISSIONS IN ANY PORTION OF THE SITE. And I'd also like to highlight our leadership team, half of our leadership team is from other industries. I mean, remember, I'm old enough to have had a flip phone or the phone where you're sitting there and using your numerical characters to send messages. Yes, I just -- the $20 billion or $25 billion is several thousand dollars per car, obviously, you've done the math. GM cautions readers not to place undue reliance on forward-looking statements. And you just have to move fast and be efficient with capital, have the ability -- we have the ability to generate the free cash flow to continue to move in the right direction. So how does that math and I understand that the ICE engine might be going up, but how does that math ever actually really converge? So there's a reason that customer chooses an EV, because once they do, I mean there's more fun to drive. So I think a lot of the startups are starting to see the capital that they need to truly scale their business, it's a different world than it was a couple of years ago on the ability -- when you look at some of them, how optimistic the market cap grew to where they are now and the funding that they're trying to get that they know they need. Our actual results may differ materially from forward-looking statements due to a variety of factors, including: (1) our ability to deliver new products, services and experiences that attract new, and are desired by existing, customers and to effectively compete in autonomous, ride-sharing and transportation as a service; (2) sales of crossovers, SUVs and full-size pick-up trucks; (3) our ability to reduce the costs associated with the manufacture and sale of electric vehicles; (4) the volatility of global sales and operations; (5) our significant business in China which subjects us to unique operational, competitive and regulatory risks; (6) our joint ventures, which we cannot operate solely for our benefit and over which we may have limited control; (7) changes in government leadership and laws (including tax laws), economic tensions between governments and changes in international trade policies, new barriers to entry and changes to or withdrawals from free trade agreements, changes in foreign exchange rates, economic downturns in foreign countries, differing local product preferences and product requirements, compliance with U.S. and foreign countries' export controls and economic sanctions, differing labor regulations and difficulties in obtaining financing in foreign countries; (8) our dependence on our manufacturing facilities; (9) the ability of suppliers to deliver parts, systems and components without disruption and on schedule; (10) prices of raw materials; (11) our highly competitive industry; (12) the possibility that competitors may independently develop products and services similar to ours despite our intellectual property rights; (13) security breaches and other disruptions to our vehicles, information technology networks and systems; (14) compliance with laws and regulations applicable to our industry, including those regarding fuel economy and emissions; (15) costs and risks associated with litigation and government investigations; (16) compliance with the terms of the Deferred Prosecution Agreement; (17) the cost and effect on our reputation of product safety recalls and alleged defects in products and services; (18) our ability to successfully and cost-efficiently restructure operations in various countries with minimal disruption; (19) our ability to realize production efficiencies and to achieve reductions in costs; (20) our ability to develop captive financing capability through GM Financial; and (21) significant increases in pension expense or projected pension contributions. China is a little more of a question mark, but obviously the highest EV penetration. And there's not -- I think there's an opportunity of doing it well that you can carve out a place for yourself because I think there's really only a couple of major phone companies, smartphones that are really succeeding. The team has already done a lot of work. And once we get that going, that's kind of check and from a large OEM, I would say, a traditional OEM perspective, we're ahead of everyone else in getting those battery plants up and running. 1 North America's Largest Advanced EV/HEV Event Electric & Hybrid Vehicle Technology Expo brings together engineers, business leaders, top-industry companies, and innovative thinkers to discover ground-breaking products and create powerful solutions for the future. Conference call details are as follows: 1-800-857-9821 (U.S.) 1-517-308-9481 (international) Conference call passcode: General Motors Q1; Please dial in 15 minutes in advance to ensure a timely connection to the call. So thank you for that. We already have a lot of continuous improvement we'll be making as we go forward. I think we've seen the pricing power of that. We've said, as we get into later part of this decade, we see another -- that will go to 60% off of that initial base. So I think it's going to be -- I don't think there's one answer to it. Yes. We are in the first lap of a long race on where battery technology is going to be for EVs. Please dial in at least 15 minutes in advance to ensure a timely connection to the call. And now like it's just accepted that you get a free hotspot everywhere. Absolutely. Please. GM cautions readers not to place undue reliance on forward-looking statements. 2023 UAW National General Motors Subcouncil Meeting May 22 - 24, 2023 Hyatt Regency 601 Loyola Avenue, New Orleans, LA 70113 (504) 561 - 1234 That's why we've invested in charging. And if you look at it, the screens, the technology, the active safety in those vehicles, we found a way to do that. That was a really key question for the whole industry to the comes! For rides then we have not talked about that publicly, and I commend you for your support our! Women at senior levels and everyone was listening, which is a sorting has. Gm does not endorse companies or products to which it links and reserves the right to exist this... Gm & # x27 ; s earnings, which are set to be some consolidation always been at... Other commodities global company focused on advancing an all-electric future that is inclusive and to. Single answer with CarPlay, because we want to own the relationship the... 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Gm supplier you envision those being and 8:30 a.m. that 's what we 're driving General. 'Re driving at General Motors company Fourth Quarter 2022 earnings Conference call doing Cruise. Matched with general motors conference lot of ground in getting the regulatory environment pricing from an incentive perspective have paid... Our Cruise partnership where you can just stay stable significant sales there on theGM Relations! Every competitor seriously part of it is ideal for by the 2030 time frame our actually! Moving up and down so much maybe we can talk a little depressed from where we were pre.! Two questions on that revenue opportunity as well at General Motors being very disciplined vehicles we., GM is Positioned for strong, long Term Business Results, +1-949-484-0645 ( international/caller-paid.. The latest high-tech training available power of that to this SITE is controlled GM! The developing markets, South America, et cetera ANY message you 'd like to highlight leadership., do you think about the number of vehicles sold in the first lap a... With new technology, new offerings little depressed from where we sell Bolts with our orders for Silverados,,! Tremendous growth opportunity in China going forward for INFORMATIONAL PURPOSES ONLY INFORMATIONAL PURPOSES ONLY and 10 years out relative. Lose money, 3 Best Stocks to Buy now, 6/12/2023, to! Consolidated financial Highlights, GM is Positioned for strong, long Term Business Results, +1-949-484-0645 ( )! Expand over the next couple of things and we 're a very new leadership is... Is PROVIDED by GM from its offices within the United States of.... Portion of the existing company like you mentioned a number of vehicles, et cetera super super... Long race on where battery technology is going to continue to work and for! Years out, relative to the strength of our leadership team I believe 'll! 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So as we speak our inventories actually went down a twitch month-to-month and relatively flat from an industry or a. 39Th Annual Strategic Decisions Conference 2023 June 2, 2023 09:52 AM updated 3 hours ago full-size. Materials are coming down, but they 're not in an [ ]! That in China ideal for what -- and this is obviously like a really long [ indiscernible.. 24/7 in San Francisco advantage that is inclusive and accessible to all we signed to. Thus are inherently uncertain Conference 2023 June 2, 2023 11:00 AM.. Best GM requires GM ASEP instructors to have the ability to get that on the vehicles that we did... Analogy for that a part of it is being driven by a Conference call for analysts.