General Motors Co
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General Motors Co
General Motors is a car company that designs, builds, and sells vehicles under brands like Chevrolet, GMC, Cadillac, and Buick. Its lineup includes pickup trucks, SUVs, cars, and electric vehicles, along with parts, service, and software features tied to those vehicles. It sells mainly through independent dealers to retail buyers, businesses, and fleet customers. GM makes money mostly when it sells vehicles, but it also earns from financing and leasing through GM Financial, plus ongoing parts and service work. That means the business is not just about new-car sales; it also has a lending arm that helps customers buy or lease vehicles and a service network that supports ownership over time. What makes GM different is its role as a large original equipment manufacturer at the center of the auto supply chain. It must coordinate design, manufacturing, suppliers, dealerships, and financing, while also managing the shift toward electric and software-enabled vehicles. That mix makes GM both an industrial company and a consumer brand business.
General Motors is a car company that designs, builds, and sells vehicles under brands like Chevrolet, GMC, Cadillac, and Buick. Its lineup includes pickup trucks, SUVs, cars, and electric vehicles, along with parts, service, and software features tied to those vehicles. It sells mainly through independent dealers to retail buyers, businesses, and fleet customers.
GM makes money mostly when it sells vehicles, but it also earns from financing and leasing through GM Financial, plus ongoing parts and service work. That means the business is not just about new-car sales; it also has a lending arm that helps customers buy or lease vehicles and a service network that supports ownership over time.
What makes GM different is its role as a large original equipment manufacturer at the center of the auto supply chain. It must coordinate design, manufacturing, suppliers, dealerships, and financing, while also managing the shift toward electric and software-enabled vehicles. That mix makes GM both an industrial company and a consumer brand business.
Quarterly beat: GM reported first-quarter adjusted EBIT of $4.3 billion, ahead of expectations, and said North America delivered a 10.1% margin, or 8.6% after the tariff accounting adjustment.
Guidance raised: Full-year adjusted EBIT guidance was increased by $500 million to $13.5 billion to $15.5 billion, and adjusted diluted EPS guidance was raised to $11.50 to $13.50.
Cost pressure: Management said higher commodity, freight and conflict-related costs are pressuring the outlook, but it is offsetting part of that with spending cuts, warranty improvement and other efficiencies.
EV reset: GM said EV losses improved sharply in the quarter and that it is still working through most of the remaining EV restructuring cash costs, with about 90% of supplier claims already recorded.
Digital growth: OnStar and Super Cruise remain a major focus, with recognized revenue up more than 20% year over year and management highlighting strong subscription growth and deferred revenue.
Inventory and trucks: Lean dealer inventory constrained retail sales in the quarter, but GM expects to rebuild supply over the next several quarters as full-size pickup downtime largely winds down.
Management
Mary T. Barra is the Chair and Chief Executive Officer of General Motors Company. She made history as the first female CEO of a major global automaker when she assumed the role in January 2014. Barra has been with General Motors for her entire career, starting as a co-op student in 1980 while she was still in college. She earned a Bachelor of Science degree in Electrical Engineering from General Motors Institute (now Kettering University) and later an MBA from the Stanford Graduate School of Business. Throughout her career at General Motors, Barra has held various engineering and administrative positions, including positions such as Executive Vice President of Global Product Development, Purchasing and Supply Chain, and Senior Vice President of Global Product Development. She played an influential role in reshaping GM's product development process and is known for her focus on innovation, sustainability, and transforming the company to focus on electric vehicles and autonomous vehicles. Under her leadership, General Motors became more focused on sustainability and technological advancement, with significant investments in electric vehicle infrastructure and self-driving technology. Barra has been consistently recognized as one of the world's most powerful women in business, noted for her leadership and vision in the evolving automotive industry.
Throughout her career at General Motors, Barra has held various engineering and administrative positions, including positions such as Executive Vice President of Global Product Development, Purchasing and Supply Chain, and Senior Vice President of Global Product Development. She played an influential role in reshaping GM's product development process and is known for her focus on innovation, sustainability, and transforming the company to focus on electric vehicles and autonomous vehicles.
Under her leadership, General Motors became more focused on sustainability and technological advancement, with significant investments in electric vehicle infrastructure and self-driving technology. Barra has been consistently recognized as one of the world's most powerful women in business, noted for her leadership and vision in the evolving automotive industry.
Mark L. Reuss is a prominent figure in the automotive industry, known for his extensive career at General Motors (GM). He currently serves as the President of General Motors, a role he has held since January 2019. In this position, Reuss is responsible for leading GM’s global operations, including the company’s regional operations, autonomous vehicle programs, and electric vehicle initiatives. Reuss joined GM in 1983 as a student intern, and over the decades, he has held various significant leadership roles across different divisions within the company. Prior to becoming President, he was the Executive Vice President of Global Product Development, Purchasing, and Supply Chain. In that role, he was instrumental in the development of several critically acclaimed vehicles and advanced automotive technologies. Throughout his career, Reuss has been a strong advocate for innovation, particularly in the areas of electric and autonomous vehicles. Under his leadership, GM has made substantial investments in electric vehicle technology, aligning with global trends towards sustainability and reduced emissions. Reuss holds a bachelor’s degree in engineering from Vanderbilt University and a master’s degree in business administration from Harvard Business School. His deep understanding of engineering combined with his business acumen has been a significant asset to GM as it navigates the rapidly changing automotive landscape. In addition to his professional achievements, Mark Reuss is known for his passion for cars and motorsports, which has fueled his commitment to excellence in automotive design and performance.
Reuss joined GM in 1983 as a student intern, and over the decades, he has held various significant leadership roles across different divisions within the company. Prior to becoming President, he was the Executive Vice President of Global Product Development, Purchasing, and Supply Chain. In that role, he was instrumental in the development of several critically acclaimed vehicles and advanced automotive technologies.
Throughout his career, Reuss has been a strong advocate for innovation, particularly in the areas of electric and autonomous vehicles. Under his leadership, GM has made substantial investments in electric vehicle technology, aligning with global trends towards sustainability and reduced emissions.
Reuss holds a bachelor’s degree in engineering from Vanderbilt University and a master’s degree in business administration from Harvard Business School. His deep understanding of engineering combined with his business acumen has been a significant asset to GM as it navigates the rapidly changing automotive landscape.
In addition to his professional achievements, Mark Reuss is known for his passion for cars and motorsports, which has fueled his commitment to excellence in automotive design and performance.
Paul A. Jacobson is the Executive Vice President and Chief Financial Officer (CFO) of General Motors Co. (GM), having joined the company in December 2020. In his role as CFO, Jacobson is responsible for leading the company's global financial operations, which include financial planning and analysis, accounting, treasury, tax, audit, and investor relations. Before joining GM, Jacobson had a prominent career at Delta Air Lines, where he served as CFO. During his tenure at Delta, he played a critical role in the company's financial strategies and was instrumental in its growth and profitability. Jacobson was recognized for his financial acumen and leadership, helping Delta navigate challenges and achieve financial milestones. Jacobson holds a Bachelor of Science in Aviation Management and a Master of Business Administration from Auburn University. His leadership style and strategic financial management skills have been highly regarded in the industries he has worked in, both in aviation and automotive. His contributions to GM have been significant, particularly as the company focuses on innovation and transformation within the evolving automotive industry.
Before joining GM, Jacobson had a prominent career at Delta Air Lines, where he served as CFO. During his tenure at Delta, he played a critical role in the company's financial strategies and was instrumental in its growth and profitability. Jacobson was recognized for his financial acumen and leadership, helping Delta navigate challenges and achieve financial milestones.
Jacobson holds a Bachelor of Science in Aviation Management and a Master of Business Administration from Auburn University. His leadership style and strategic financial management skills have been highly regarded in the industries he has worked in, both in aviation and automotive. His contributions to GM have been significant, particularly as the company focuses on innovation and transformation within the evolving automotive industry.
Craig B. Glidden serves as the Executive Vice President and Chief Legal Officer at General Motors Co. With a Juris Doctor degree, Glidden has a profound legal background and has been pivotal in overseeing GM's global legal operations, which include corporate governance, compliance, and various legal affairs critical to the company's operations. He joined GM in 2015 and has been instrumental in navigating the company through significant legal and regulatory landscapes. Before his tenure at General Motors, Glidden was associated with several other corporations in senior legal positions, enhancing his expertise in corporate law and governance. His leadership has been significant in strengthening GM's legal framework and supporting its strategic initiatives.
Christopher T. Hatto is an executive at General Motors Co., where he serves as the Vice President and Controller. In this role, he is responsible for overseeing the financial reporting, financial accounting, and global business solutions for the company. With a career at GM spanning several decades, Hatto has accumulated extensive experience in various financial leadership roles within the organization. His contributions involve expertise in financial strategy, operational finance, and business development, critical to driving GM's financial performance and strategic planning. Prior to his position as Vice President and Controller, Hatto held various roles that further honed his skills in financial management and corporate strategy. His work ensures that GM maintains robust financial health and that its financial practices align with company goals and global standards.
Ashish Kohli is a Chartered Financial Analyst (CFA) and a notable executive at General Motors Co. Known for his strong expertise in finance and investment analysis, he has been instrumental in shaping financial strategies that drive the company’s growth and sustainability in the competitive automotive industry. Kohli's leadership in financial planning, risk management, and corporate finance has been key to enhancing the financial robustness of General Motors. His role involves overseeing financial operations and ensuring that the company's financial practices align with its strategic goals. With a deep understanding of market dynamics and financial regulations, Kohli has contributed significantly to the company's economic success and innovative investments.
Grant M. Dixton is a prominent legal professional currently serving as the Senior Vice President and General Counsel of General Motors Co. In this role, he oversees the company's legal affairs and provides strategic guidance on a wide range of issues, including corporate governance, compliance, litigation, and transactions. Before joining General Motors, Dixton had a distinguished career, including serving as Vice President, Secretary, and General Counsel at The Boeing Company. His extensive experience in corporate law, coupled with his strong leadership and strategic skills, has been instrumental in navigating complex legal landscapes and supporting General Motors' global operations. Dixton's educational background includes a law degree from Harvard Law School, underscoring his expertise and commitment to excellence in the legal field.
Norman de Greve is the Global Chief Marketing Officer (CMO) at General Motors Co. In this role, he is responsible for leading GM's marketing operations worldwide, enhancing the company's global marketing strategy. Known for his strategic vision and innovative approach, de Greve brings a wealth of experience in digital transformation, brand management, and consumer engagement. Before joining GM, he served as Chief Marketing Officer at CVS Health, where he was instrumental in transforming the company's brand and marketing initiatives. De Greve is recognized for his ability to integrate traditional marketing techniques with innovative digital strategies to drive growth and enhance brand equity.
Arden Hoffman is an accomplished executive at General Motors Co. Currently serving as the Senior Vice President and Chief People Officer, she is instrumental in leading GM's global human resources strategy. Her responsibilities include overseeing talent management, leadership development, and employee engagement initiatives, which are critical for fostering a strong company culture and aligning human capital with the company's strategic objectives. Before joining General Motors, Hoffman held significant HR leadership roles at other major organizations. Her extensive experience in human resources spans various industries, enhancing her ability to drive effective people strategies and organizational transformation. Hoffman is known for her commitment to diversity and inclusion, as well as her focus on creating environments where employees can thrive and drive innovation. Her leadership plays a vital role in ensuring that GM remains competitive in attracting and retaining top talent as the company navigates the rapidly evolving automotive landscape and its transition towards electric and autonomous vehicles.
Before joining General Motors, Hoffman held significant HR leadership roles at other major organizations. Her extensive experience in human resources spans various industries, enhancing her ability to drive effective people strategies and organizational transformation.
Hoffman is known for her commitment to diversity and inclusion, as well as her focus on creating environments where employees can thrive and drive innovation. Her leadership plays a vital role in ensuring that GM remains competitive in attracting and retaining top talent as the company navigates the rapidly evolving automotive landscape and its transition towards electric and autonomous vehicles.
