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CLAIM #27890 · General Motors Company (GM) · 2023Q3 earnings call · Oct 24, 2023 · due Dec 31, 2024

So, I expect there will be parts where there's some inflationary pressure, but as we've said over the last couple of years, the amount that we spend on expedited logistics, et cetera has been coming down as the chip shortage and some of the supply chain shortages have been tempered from the peaks in 2021 and 2022.

Paul Jacobson · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

inue through the rest of the year. James Picariello: Okay, that's helpful. And then, my follow-up, can you just confirm the materials and freight impact in the quarter and just at a high level as we think about next year based on current commodity spot pricing, any visibility you might have in supplier costs, just how we can think about this cost bucket for 2024? I believe the 2023 guide, the prior 2023 reflect for an expectation of neutral, any color there would be great. Thanks. Paul Jacobson: Yes, it's a little early to get into that. We're in the midst of our budget process right now, but what I would say is we have seen some logistics and delivery pressure that we've talked about before, particularly with vehicles coming into North America from Mexico with rail challenges, et cetera. So, I expect there will be parts where there's some inflationary pressure, but as we've said over the last couple of years, the amount that we spend on expedited logistics, et cetera has been coming down as the chip shortage and some of the supply chain shortages have been tempered from the peaks in 2021 and 2022. I will say that there's a bit of concern on my mind in terms of the supply chain's ability to ramp up after the work stoppage. Obviously, we're focused on getting this finalized as quickly as we can. But it's important that we don't end up in a situation where we can't ramp up to full production because the supply chain has to rebuild, et cetera. So, we're watching that closely and making sure that we're in a position, but more to come on 2024 as we work through that and work through the budget. James Picariello: Thanks. Operator: Thank you. Our next question comes from Dan Levy with Barclays. Your line is open. Dan Levy: Hi, good morning. Thank you for taking the questions. I wanted to start first with just a question on the volume versus price mix interplay. Pre-COVID, you were at, call

Verify independently

SEC filings for GM · Claim quote is verbatim from the 2023Q3 earnings call.