CLAIM #28051 · General Motors Company (GM) · 2024Q3 earnings call · Oct 22, 2024 · due Dec 31, 2024
“We hope to – well, one, we'll be gated by safety, but we hope and we're working hard to get there by the end of the year meeting the higher standard of role model driver as opposed to, I'll say, average human driver.”
Mary Barra · CEO
In context
“ironment, and that's where I think we have to play in areas that are our strength and where we have franchises like the GLA and then some of the other premium products. But we do believe there's a place we can participate in a very different manner, but do that profitably, and that's what we're 100% focused on getting to as quickly as possible. Tom Narayan: Got it. Thank you. Operator: Thank you. Our next question comes from Edison Yu with Deutsche Bank. Your line is open. Edison Yu: Hey. Good morning. Thank you for taking our questions. First, just on Cruise. We noticed that you indicated that the autonomous miles have gone up about 3x. Just curious, have you given any sort of rough framework on when you might return to actually unsupervised testing like you were before? Mary Barra: Yes. We hope to – well, one, we'll be gated by safety, but we hope and we're working hard to get there by the end of the year meeting the higher standard of role model driver as opposed to, I'll say, average human driver. So that is the goal that the team is working hard to every single day. Edison Yu: Got it. And just a follow-up on China, just in terms of the mechanics, given the losses, do we anticipate at some point having to actually fund the JV in a more material way? Or is the idea that, I guess, the restructuring under discussion would improve that, so we wouldn't have to do that? Mary Barra: I think we're looking to create a sustainable business within country. We have a – as I mentioned in my prepared remarks, we have a series of meetings with the partner, so I don't want to get ahead of that of how that’s going to – how we're going to go forward. I want to make sure we do that with our partner. So more to follow as we make those decisions. Edison Yu: Great. Thank you. Operator: Thank you. Our ne”
Verify independently
SEC filings for GM ↗ · Claim quote is verbatim from the 2024Q3 earnings call.