General Motors Q1 Report 2023

Highlights

• Ongoing strength of core auto business driving robust financial performance
• EBIT-Adj. guidance raised to $11-13B
• Highest ever Q1 GMNA revenue of $32.9B and EV sales of ~20.7K
• Gained more U.S. market share than any automotive manufacturer, 1.3pp, while pricing remained strong
• Achieved 10.9% GMNA EBIT-Adj. margins
• Strong GMF EBT and increase in earning assets
• Cruise continued commercial expansion in San Francisco, Phoenix, and Austin