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General Motors Company (GM) Barclays 15th Annual Global Automotive and Mobility Tech Conference (Transcript)

General Motors Company (NYSE:GM) Barclays 15th Annual Global Automotive and Mobility Tech Conference November 20, 2024 8:40 AM ET

Company Participants

Paul Jacobson – Executive VP & CFO

Conference Call Participants

Dan Levy – Barclays Bank

Dan Levy

Great. Thank you. As we continue the Barclays Global Auto Conference, very pleased to have with us General Motors and Paul Jacobson, the company’s CFO; as well as Ashish Kohli, who leads IR efforts. GM is coming on the heels of a really successful Capital Markets Day. I think you articulated a very clear vision about the plan going forward — as has been recorded, so you must be happy about that.

Paul Jacobson

It’s been a good year.

Dan Levy

It’s been a good year. So I don’t know if you have some opening remarks you wanted to make.

Question-and-Answer Session

A – Paul Jacobson

Yes. First of all, thanks, Dan, and thanks, everybody, for being here and whoever is tuned in on the webcast. I’m pleased to be here today. I’ll just make a couple of comments on kind of quarter-to-date, I would say everything is very much in-line with our guidance that we gave. We closed out, I think a really good October. We’ve seen some pretty good stability in incentive levels across the market for October and so far as we progress through the month of November. So very much in-line with what we talked about this year.

And I think that will culminate a year that I’m pretty proud of on behalf of the team’s ability to execute. We’ve successfully scaled up EVs after some challenges that we had with the initial ramp-up. And I feel like for the last few years, we’ve been playing catch-up in the EV space. We’re now at a point where we are very much geared

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