GM CFO 'Very Pleased With Resiliency' of Business Model

Chuck Stevens, CFO of General Motors, discusses the company's strong financial performance in the fourth quarter, highlighting record profitability and margins. Despite a decrease in volume, GM maintained high margins through brand health improvement, retail focus, and cost efficiency. The discussion emphasizes the resilience of GM's business model, particularly in North America, and notes positive results in international markets like China and South America.

What was the profitability of General Motors in the fourth quarter?

• $2.1 billion

• $5.1 billion

• $3.1 billion

• $4.1 billion

Which region contributed half a billion dollars of equity income for GM?

• Europe

• China

• Australia

• South America

How did GM manage to maintain high margins despite a decrease in volume?

• By increasing production

• By focusing on cost efficiency and brand health

• By expanding into new markets

• By reducing workforce

What was the percentage decrease in GM's volume in North America?

• 10%

• 11%

• 12%

• 13%

What strategic focus areas have contributed to GM's improved business model?

• Partnerships with other automakers

• Brand health, retail deliveries, and cost efficiency

• Employee training and development

• New product launches and marketing