CLAIM #28167 · General Motors Company (GM) · 2025Q2 earnings call · Jul 22, 2025 · due Dec 31, 2025
“On the cash side, we actually expect that that cash impact you know, potentially to be lower.”
Paul Jacobson · CFO
In context
“stand what you know, large buckets, what sort of changed within that. It it seems like in the slide you're missing indirect tariffs, which is maybe commodities and or maybe there's something with the mitigation efforts. Just any any color you have there. Yeah. Yeah. Thanks, Joe. You you you got it. It's it's really on a lot of the indirect items that, you know, we were when we came out with the overall tariff guidance, we we were estimating the timing on when some of that would hit. So, you know, I would expect that we would have more expense potentially in the third quarter, but we're still tracking on that $4 to $5 despite all the changes that we've seen going forward. So you know, it might be slightly higher in the third quarter, and that's that's kind of what we're thinking right now. On the cash side, we actually expect that that cash impact you know, potentially to be lower. We're still, you know, didn't get the full benefit of the MSRP offset just because of the timing. So that'll materialize in the second half of the year. On the cash side. But from an expense side, just think slightly higher in 3Q, but still on track for the $4 billion to $5 billion for the year. Joe Spak: Okay. And then and then just turning back to EVs and and and, you know, regulatory policy, but maybe from a little bit of a different angle, You you know, I know in in your K, you disclosed that last year you expensed a billion dollars for credits. Was wondering if you'd let us it doesn't sound like you expect much sort of change to this year, but I was wondering if you could let us know how much you are counting on that expense to be this year. And is it fair to assume you have a if we'”
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SEC filings for GM ↗ · Claim quote is verbatim from the 2025Q2 earnings call.