GM CEO Barra Sees Chip Shortage Lasting Into Late 2022

The transcript covers GM's performance, supply chain challenges, and strategies for cost-saving and efficiency. It discusses the impact of microchip shortages and COVID-19 on operations, as well as GM's focus on electric vehicles and fleet sales. The conversation also touches on vaccine mandates and labor relations, and concludes with a discussion on inflation and pricing strategies.

What was a key factor in GM's strong performance in trucks and SUVs?

• Supply chain improvements

• Increased advertising

• Strong demand and sales

• New product launches

How is GM addressing the semiconductor shortage?

• By diversifying suppliers

• By improving supply chain efficiency

• By increasing production

• By reducing vehicle prices

What cost-saving measure did GM consider during the semiconductor crisis?

• Increasing vehicle prices

• Halting production

• Cutting advertising expenses

• Reducing workforce

What is a significant opportunity for GM in the electric vehicle market?

• Luxury vehicle sales

• Commercial fleet sales

• Hybrid vehicle development

• International expansion

How does GM view fleet sales for electric vehicles?

• As less profitable

• As a growth opportunity

• As a temporary strategy

• As a niche market

What is GM's approach to vaccine mandates?

• Mandatory for all employees

• Encouraging vaccination with information

• No action taken

• Providing financial incentives

What challenge is impacting GM's operations besides the pandemic?

• Regulatory changes

• Labor shortages

• Decline in consumer demand

• Inflation in commodity prices