GM CEO Barra on Fourth Quarter, Chip Shortage, EVs

The transcript covers General Motors' achievements in teamwork and safety, challenges in manufacturing due to high demand, and projections for 2021 amidst a chip shortage. It highlights GM's focus on electric vehicles (EVs), including new models and supply chain strategies. The discussion includes profitability goals, government support for EVs, and an awareness campaign inspired by Norway's EV adoption success.

What was a significant challenge for General Motors during the pandemic?

• Low demand for vehicles

• Lack of employee safety measures

• Manufacturing trucks and SUVs

• Shortage of raw materials

Which new electric vehicle was General Motors planning to launch shortly in 2021?

• Chevrolet Bolt EUV

• Tesla Model Y

• Cadillac Escalade

• Ford Mustang Mach-E

What is one of the main challenges General Motors faces in its electric vehicle plan?

• High production costs

• Supply chain issues

• Lack of consumer interest

• Insufficient marketing

How is General Motors addressing the potential lithium shortage?

• By reducing vehicle production

• By using less precious metals

• By importing more lithium

• By switching to alternative energy sources

What is General Motors' target margin for its auto business?

• 10%

• 5%

• 20%

• 15%

How does General Motors plan to work with the government to promote EV adoption?

• By lobbying for tax cuts

• By collaborating on infrastructure development

• By reducing vehicle prices

• By increasing advertising

What was highlighted about Norway in the discussion?

• Its partnership with General Motors

• Its government subsidies for EVs

• Its large automotive industry

• Its high EV adoption rate