“We are nearing the completion of our first definitive agreement, and we expect to have something to share soon.”

In context

“n restructuring actions to make the business sustainable and profitable, and we will share next steps as soon as we can. We will also provide an update on Cruise when we can share more details about their future funding model. In the meantime, the Cruise team continues to improve their technology and cost structure. Another area where you can expect news in the weeks and months ahead is in capital efficiency. As Kurt Kelty shared, we continue to refine our cell strategy with the incorporation of prismatic cells and new chemistries. We are seeing enterprise-wide benefits from winning with simplicity, and we'll continue to add EV capacity in a measured cadence by converting existing component and assembly plants. And we are making good progress with Hyundai on specific areas of cooperation. We are nearing the completion of our first definitive agreement, and we expect to have something to share soon. I'll close my prepared remarks by reiterating the commitment we made at Investor Day to build on our competitive strengths and deliver the performance that differentiates us from others in the industry. We know that's what investors expect and it's the best way for us to demonstrate both leadership and our true long-term growth potential. Thank you. And now I'd like to turn the call over to Paul to walk you through the quarter. Paul Jacobson: Thank you, Mary, and I appreciate you all joining us this morning. I'm pleased to report that our business continues to perform well, demonstrating ongoing discipline and a focus on delivering consistent financial results. And none of this would have been possible if it weren't for the hard work and dedication of our amazing team. A big thanks to eve”