After originally scheduling its Investor Day presentation to take place on November 16th, GM has pushed the event back to an unspecified future date instead.
The GM Investor Day provides an opportunity for the automaker to talk about its general direction and the latest developments, as well as previewing upcoming products for the next year.
GM Authority reached out to The General for an explanation of the Investor Day postponement. The company replied that the “event is being rescheduled. Our leadership team’s focus right now is on securing a new labor agreement in the United States. We’ll update the investor site as soon as the new date is determined.”
The statement indicates GM’s exact plans are still in flux as the UAW continues to strike in an effort to obtain concessions from the Detroit Three carmakers from Detroit, a group also including Ford and Stellantis. Most recently, the UAW began a strike at the Kentucky Truck Plant of the Blue Oval, a Louisville facility producing Ford Super Duty Trucks along with Ford Expedition and Lincoln Navigator sport-utility vehicles.
A month after the strikes began, the UAW says it will adopt a fresh strategy where new strikes are not called until immediately before they start. Up to this point, the union gave notice of upcoming strikes each Friday. UAW president Shawn Fain claims the aggressive tactics are bearing fruit, asserting “the wage offers we’ve received are more than the combined raises of the past 15 years” and adding “COLA is back on the table in a serious way.”
With the UAW situation ongoing and no immediate end to the strikes in sight, the new date GM might pick for its Investor Day is currently impossible to predict. However, earlier Investor Days give some idea of what kind of information is likely to be provided. At last year’s event, The General predicted it could reduce its EV costs by $2,000 per vehicle by using a digital retailing platform.
GM President Mark Reuss also revealed the company wasn’t planning on abandoning ICE vehicles anytime soon, with the 2024 Chevy Silverado HD and the 2024 GMC Sierra HD set to receive a mid-cycle refresh and four ICE nameplates launching a new generation, including the all-new 2024 Chevy Trax that has since proven quite popular. He confirmed ICE vehicles will continue to comprise the majority of The General’s lineup for the time being.
Reuss also outlined future products in the pipeline for all four major brands, including teasing a full-size electric Cadillac SUV and smaller electric Cadillac crossover and discussing two more high-performance Corvette variants, the new C8 ZR1 and C8 Zora along with other upcoming vehicles. More details on these projects are likely to emerge when the next Investor Day is finally held.