The GM Investor Day presentation, which is used to reveal details of the automaker’s strategy and the programs and initiatives it currently has in development, has been pushed back yet again, this time to an unspecified date past the first quarter of 2024.
CEO Mary Barra explained the decision by saying “I would like to share some thoughts about our next Investor Day. Because of the significant changes that are under way at GM and Cruise, we think it makes sense to wait until later in the year to host an event.”
Barra’s remarks, which came during The General’s Q4 2023 earnings presentation, addressed various topics that had been named earlier as planned elements of the Investor Day event. She pointed out “we’ve already provided a roadmap for EV profitability in 2025,” indicating that one of the presentation’s planned subjects has already been covered.
Another significant matter, the fate of GM’s autonomous vehicle and robotaxi subsidiary Cruise, will also be discussed separately from Investor Day according to Barra. She said “we’ll share updates on Cruise as we finalize the technology and relaunch plans.”
With these topics now slated to be dealt with independently from the main event, Mary Barra also provided a description of what Investor Day will cover. She said that postponing the presentation until later in the year “will give our software team the time to focus on software for our upcoming launches, and we will be able to share more tangible proof points on all four pillars of our strategy, ICE, EV, AV, and software.”
She added that “when we do get together, we will show you what we’ve done, not just tell you what we’re going to do,” suggesting that the event may potentially include the unveiling of new technology and potentially even new vehicle models.
As a reminder, the Investor Day presentation was originally scheduled for November 16th, 2023. However, GM reached the decision to delay it by several months because of the UAW Stand Up Strike during the summer and autumn of 2023. CFO Paul Jacobson said in regard to the event that the company wanted “to make sure that it wasn’t something that was dominated by the UAW.”
Accordingly, “when the weather gets a little bit warmer in Charlotte in March, we’ll have that Investor Day,” Jacobson added. This rescheduling to March 2024 has now been superseded by the latest announcement.