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Gerald Johnson
Executive Vice President of Global Manufacturing & Sustainability, General Motors Co

GM Announces Q4 & FY '23 Earnings

🎥 Feb 02, 2024 📺 Mike Woolfolk ⏱ 1m 👁 25 views
Mid-Michigan NOW anchor Mike Woolfolk speaks with GM EVP-Global Manufacturing Gerald Johnson about earnings call ...
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About Gerald Johnson

Gerald Johnson, Executive Vice President of Global Manufacturing & Sustainability at General Motors, has been a key spokesperson for the company’s dual strategy of investing in both internal combustion engine and electric vehicle (EV) production. In December 2023, he announced a $579 million investment at the Flint engine plant to produce the next-generation small-block V8 engine, stating that while GM is committed to an all-EV future, there are "a lot of internal combustion engine customers that we don't want to lose." Johnson has also emphasized GM's progress in its EV transition, describing the company's $2.2 billion investment to transform the Detroit-Hamtramck assembly plant into "Factory Zero," GM's first fully dedicated EV assembly plant. He has stated that GM has the engineering capacity to build both ICE and EV vehicles throughout this decade and has set a goal of producing 1 million EV units by 2025. Johnson has also addressed broader industry and societal issues. During GM's Q4 and FY 2023 earnings call, he credited the Flint Assembly team for playing a "huge role" in the company's strong year, noting GM was number one in full-size trucks and total sales for 2023. In earlier appearances, he discussed GM's response to the COVID-19 pandemic, including producing masks and ventilators, and spoke about the company's commitment to diversity and inclusion following the death of George Floyd. Johnson, who has been with GM for over 40 years and is a recipient of the 2021 Black Engineer of the Year award, has described his role as responsible for the safety and performance of over 130,000 employees globally.

Source: AI-verified profile updated from Gerald Johnson's recent appearances. Browse all interviews →

Transcript (3 segments)
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Reporter0:00
Where she might be called the Oakland County Sheriff's Office.
GM is reporting fourth quarter and fiscal year 2023 earnings, and on both fronts the company appears to be in a good position, even after taking losses tied to last fall's UAW strike. Q4 revenue hit $43 billion, netting $2.1 billion in profit, and that pushes the full year revenue figure to just under $172 billion, more than $10 billion in income in all cases. Those numbers exceed expectations. Now, the company also reports taking a $900 million hit from the strike in Q4, pushing the total impact to $1.1 billion. They say it was mostly due to lost production. I spoke with GM Executive Vice President for Global Manufacturing Gerald Johnson after the call. He tells me the team at Flint Assembly played a huge role in the company's success story.
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Gerald Johnson1:00
Another strong year for trucks. We were number one in truck full-size trucks, which includes products that are produced in Flint. We were also number one in total sales for 2023. So we think the team put together a sound year, overcame some challenges as we have them every year from one form or another, to deliver some very strong results. Chair and CEO Mary Barra, during the earnings call this morning, also announced a slight pivot in GM's clean energy strategy, saying the company will bring plug-in hybrid electric technology to some models to meet consumer demand.