General Motors Co at Deutsche Bank Global Auto Industry Conference (Virtual) Transcript
And thank you for joining us for this session with General Motors as part of Deutsche Bank's Global Automotive Conference. My name is Emmanuel Rosner, and I'm the senior U.S. autos and technology analyst at Deutsche Bank. GM is one of the leading traditional U.S. automakers. It has also been accelerating its transition to an all-electric future, targeting 100% EV sales by 2035. Just this morning, GM announced it is accelerating its spending on EV and AV to $35 billion by 2025, up from $27 billion indicated back in November. And GM also considerably raised its outlook for the first half earnings to $8.5 billion to $9.5 billion, which means $4 billion to $5 billion approximately in the second quarter, up from $1.1 billion previously and in line with what was done in the first quarter.
So I'm very pleased to be joined by Paul Jacobson, who is EVP and CFO of GM, for a Q&A session. The format for this session will be a fireside chat around some of my questions as well as questions from all of you on the call.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
