CLAIM #28007 · General Motors Company (GM) · 2024Q2 earnings call · Jul 23, 2024 · due Dec 31, 2027
“So we have that opportunity. We can decide what we put on the fleet or what segments we put based on where we see the regulatory environment... As we've already said, we plan to have hybrids in key segments in the '27 time frame.”
Mary Barra · CEO
How to check this claim
Look at: Availability of hybrid powertrains in key GM vehicle segments (US market)
It came true if: At least one hybrid (mild or full) model offered in a key segment by GM
Where: Company product announcements / press releases / management commentary on earnings calls
In context
“company overall is to have regulatory certainty. And so we'll be watching with interest as we get past the election and look at what the regs will be if they change at all. But I think we have the flexibility to moderate based on what we see. Daniel Roeska: Thanks, Mary. And maybe following up, if the regulations for 2027 kind of stay as they are right now with a more ambitious path, what role could mild or full hybrids kind of play in your portfolio? And if they stay as ambitious as they are right now, would you consider to kind of increase your focus on hybrid drivetrains in the U.S.? Mary Barra: Well, as we've said, we plan to have hybrids in key segments, not across the board, but in key segments in the 2027 time frame because of where the regulatory environment looks to be right now. So we have that opportunity. We can decide what we put on the fleet or what segments we put based on where we see the regulatory environment. So that's definitely one of the technologies that we can leverage. And as we've already said, we plan to have hybrids in key segments in the '27 time frame. Daniel Roeska: Great, thanks for confirming that. Operator: Thank you. Our next question comes from Ryan Brinkman with JPMorgan. Your line is open. Ryan Brinkman: Good morning. Thanks for taking my question. Obviously, there's the strong performance in North America that is the driver of the total company results. Certainly, congrats on that. I do think to ask, though, on the performance in China, including after it was a little surprising to see the equity loss fairly consistent with 1Q despite a solid rebound in both wholesales and non-consolidated revenue. I know you don't provide a detailed bridge for the nonconsolidated ops specifically. But from the sequential volume change, it would seem to imply in either price o”
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SEC filings for GM ↗ · Claim quote is verbatim from the 2024Q2 earnings call.