General Motors Co (NYSE:GM)

$ 53.51 0.95 (1.81%) Market Cap: 57.79 Bil Enterprise Value: 155.83 Bil PE Ratio: 5.70 PB Ratio: 0.82 GF Score: 81/100

General Motors Co at Wolfe Research Global Auto, Auto Tech and Mobility Conference Transcript

Feb 23, 2022 / 06:05PM GMT

Release Date Price: $46.38 (-0.83%)

Transcript

Rod Avraham Lache

Wolfe Research, LLC - MD & Senior Analyst

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fireside chat. Just to introduce this. In October 2021, GM laid out a plan to double the size of the company by 2030, getting to $275 billion to $315 billion of revenue in that time frame. And with higher margins, more like 12% to 14% versus the 8% average that we've seen between 2016 and 2021. Within that, they had an EV business growing to $90 billion, BrightDrop growing to $10 billion, high-margin software and services businesses reaching $20 billion to $25 billion, rideshare reaching $50 billion.

So for the first time in my career covering this company and this industry, GM is targeting several very significant growth opportunities that look like they can really move the needle, even for a company that's as large as this. So we're very pleased to be welcoming GM's CEO, Mary Barra. Mary, thanks for taking the time for our fireside chat today.

Mary T. Barra

General Motors Company - Chairman & CEO

It's really great to be here, Rod. And I agree with

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