Investment Thesis
General Motors is transitioning from traditional autos to software-defined EVs while monetizing its combustion lineup. Cost discipline, Ultium battery platform, and Cruise autonomy investments support long-term margin targets.
- Ultium Platform: Modular batteries and drives reduce complexity across EV launches.
- ICE Cash Flow: Trucks and SUVs fund EV and software investments.
- Software & Services: Super Cruise/Ultra Cruise and OnStar insurance unlock higher-margin revenue.