The following is a summary of the General Motors Company (GM) Q4 2023 Earnings Call Transcript:

Financial Performance:

GM displayed strong financial performance in 2023, with a full year EBIT-adjusted of $12.4 billion and adjusted auto-free cash flow of $11.7 billion.
A robust share repurchase program was launched leading to present share count standing at less than 1.2 billion.
Revenue recorded a year-on-year growth of 10%, hitting a record $172 billion, while EPS diluted adjustments stood at $7.68.
Q4 revenue remained consistent year-over-year at $43 billion with $1.8 billion in EBIT adjusted, and $1.24 in EPS diluted adjusted.
For 2024, GM projects an EBIT-adjusted in the $12 billion to $14 billion range and an EPS diluted adjusted in the $8.50 to $9.50 range.

Business Progress:

GM recorded record sales in the US in 2023 with Chevrolet Bolt EV and EUV leading sales.
By implementing a shift towards electric vehicles, GM forecasts profit-positivity in the latter part of the year.
Super Cruise technology will be embedded across multiple models as part of GM’s future plans.
Despite challenges due to semiconductor shortage, GM is poised for a strong year with continuous improvements across various departments.
The company has plans to emphasize EV profitability with an expected decrease in net realizable value adjustments.
Internal Combustion Engine (ICE) production will be balanced against Electric Vehicle (EV) production to satisfy customer demand and ensure steady pricing.