General Motors Company (GM) Presents at Deutsche Bank Global Auto Industry Conference Transcript

General Motors Company (NYSE:GM) Deutsche Bank Global Auto Industry Conference Call June 11, 2025 9:35 AM ET

Company Participants

Paul A. Jacobson - Executive VP & CFO

Conference Call Participants

Xin Yu - Deutsche Bank AG, Research Division

Xin Yu

GM, Paul Jacobson. Thank you so much for joining.

Paul A. Jacobson

Thanks for having us. Appreciate it, Edison.

Question-and-Answer Session

Xin Yu

It's been a dynamic start to the year, to say the least. We have tectonic shifts in U.S. policy. Generally speaking, I think most people would agree, U.S. automakers, U.S.-based automakers are the relative winners. You really prioritized pricing since you took over the helm. At the same time, based on some of the comments and latest guidance, it does seem that GM is signaling ability to absorb some of the costs through volume. How are you thinking about this balance of volume/market share versus pricing incentives?

Paul A. Jacobson

Yes. So let me start at the beginning. I mean, first of all, I don't think what the administration is doing is trying to pick winners and losers necessarily. I think there's clearly a policy shift, policy agenda. And I think, as you said, there's been a little bit of a big shift since the beginning of the year, but that's been true for each of the last several years, whether it's been chip crisis or demand changes, et cetera. But I think what the team has really demonstrated, I think, is a sense of resiliency and a let's just figure it out, grind it out and make sure that we continue to run the business as efficiently as possible.

I'm incredibly proud of what the team has been able to do and the results they've been able to publish in spite of all that uncertainty and