GM CFO on Fourth-Quarter, EV Demand, Lithium Investment

The transcript discusses GM's resilience in overcoming inflation and maintaining strong vehicle demand. It outlines GM's production strategy to meet EV demand, despite market challenges. The company focuses on financial strategies, including free cash flow management and capital allocation, to ensure shareholder returns. GM is also diversifying its supply chain and maintaining a strategic presence in China.

What was a significant challenge GM faced in 2022, and how did they overcome it?

• Inflation, by maintaining strong demand

• High competition, by reducing prices

• Supply chain issues, by halting production

• Low demand, by increasing marketing efforts

What is GM's production goal for electric vehicles by 2025?

• 1.5 million EVs annually

• 750,000 EVs annually

• 1 million EVs annually

• 500,000 EVs annually

How has GM managed its inventory levels compared to 2019?

• Reduced to one-third of the levels

• Maintained the same levels

• Increased slightly above 2019 levels

• Increased to double the levels

What is a key focus of GM's financial strategy?

• Increasing free cash flow

• Expanding into new markets

• Decreasing shareholder returns

• Reducing capital investment

How much free cash flow does GM expect to generate in 2023?

• $5 to $7 billion

• $3 to $5 billion

• $9 to $11 billion

• $7 to $9 billion

What is GM's approach to capital allocation?

• Focusing only on reducing debt

• Balancing business investment and shareholder returns

• Prioritizing short-term profits over long-term growth

• Investing solely in EV technology

What strategy is GM employing to reduce dependency on Chinese supply chains?

• Developing a geographically diverse supply chain

• Reducing vehicle exports to China

• Increasing local production in China

• Focusing on alternative energy sources