[Tom E-Tron]

What did we learn on the earnings call? This is what I picked up, how about you guys?

• $6.3B in Q4 2021 Free Cash Flow
• Earnings on target 2021 was a record year
• GM accelerating all EV programs and ramp rates
• Another new Truck plant will be announced soon (3 EV tuck plants)

*4th Battery plant to be announced soon
*GM is guiding selling 400K EV's in North America by the end of 2023 (I think this will be low in 2022, and ramp fast in 2023)
*59K Hummer reservations
*110K Silverado E reservations including 240 large fleet customers
*25K BrightDrop reservations
*Lyriq will launch in 60 days
*Batteries for Ultium coming from LG right now.
* GM is pulling ahead CapEx spend in 2022, $9-10B

 

[Tom E-Tron]

What did we learn on the earnings call? This is what I picked up, how about you guys?

• $6.3B in Q4 2021 Free Cash Flow
• Earnings on target 2021 was a record year
• GM accelerating all EV programs and ramp rates
• Another new Truck plant will be announced soon (3 EV tuck plants)

*4th Battery plant to be announced soon
*GM is guiding selling 400K EV's in North America by the end of 2023 (I think this will be low in 2022, and ramp fast in 2023)
*59K Hummer reservations
*110K Silverado E reservations including 240 large fleet customers
*25K BrightDrop reservations
*Lyriq will launch in 60 days
*Batteries for Ultium coming from LG right now.
* GM is pulling ahead CapEx spend in 2022, $9-10B

I forgot to add Mary said lots of Athletes and famous people want the Hummer EV...

 

[MattF]

I forgot to add Mary said lots of Athletes and famous people want the Hummer EV...

That’s important so we can get more TikTok videos and the like! 🤪

 

[Tom E-Tron]

That’s important so we can get more TikTok videos and the like! 🤪

One think I have to say is GM is sending a lot of business to my friends at Comau, Kuka, Fanuc, Wallbridge, and Gallagher Kaiser.

 

[Dark-Fx]

I forgot to add Mary said lots of Athletes and famous people want the Hummer EV...

Well they should have to get in line like the rest of us plebs. Stupid society.

 

[Nebula1701]

Keeping Up With GM EV News Is Like Drinking From a Firehose

The automaker's earnings call had a lot to do with product, little to do with finances.

www.motortrend.com