GM announced plans to refocus its autonomous driving strategy on personal vehicles and cease funding Cruise's robotaxi development work. This strategic shift indicates a change in capital allocation and product development priorities.

The company invested in plants across North America to support EV production and is mass-producing battery cells through Ultium Cells Holdings LLC. These investments signal a commitment to electrification and long-term growth in the EV market.

GM Financial's leasing program is exposed to residual values, which are heavily dependent on used vehicle prices. This suggests a risk related to the accuracy of residual value forecasts and the impact of used vehicle market conditions on GM Financial's profitability.

The company is undertaking restructuring and rationalization actions, including a voluntary separation program and plant closures, to improve efficiency and reduce costs. These actions demonstrate management's proactive approach to cost management.

The 10-K highlights the importance of developing a more resilient, scalable, and sustainable North American-focused EV supply chain. This indicates management's focus on securing raw material supply and reducing supply chain risks.

Intense competition and an increasingly challenging operating environment in China have negatively impacted the profitability of GM's operations. Management is taking steps to restructure these joint ventures to address these challenges.

The success of GM's long-term strategy is dependent on consumer adoption of EVs, which has been slower than anticipated. This could impact the company's ability to achieve its EV-related goals and profitability targets.

The company is subject to risks associated with climate change, including increased regulation of GHG emissions and the potential impacts of severe weather events. These factors could increase costs, reduce demand for ICE vehicles, and disrupt operations.

The company acknowledges the risk of security breaches, cyberattacks, and other disruptions to information technology systems and networked products. Such events could interfere with operations and compromise confidential data.

The automotive industry is highly competitive in terms of quality, innovation, new technologies, pricing, fuel economy, reliability, safety, customer service and financial services offered. This competition could negatively affect vehicle pricing, market share and operating results.

The company faces aggressive competition from both global and domestic manufacturers in China, as well as non-traditional market participants. This intense competition and an increasingly challenging operating environment negatively impact the profitability of GM's operations in China.

Manufacturers in countries that have lower production costs, such as China and India, have become competitors in key emerging markets and have begun offering their products in established markets. These actions have had, and are expected to continue to have, a significant negative effect on vehicle pricing, market share and operating results in these markets.

Many manufacturers, including GM, have relatively high fixed labor costs as well as limitations on their ability to efficiently close facilities and reduce fixed costs, including as a result of collective bargaining agreements. This could negatively affect profitability.

Disruption in our suppliers' operations have disrupted, and could in the future disrupt, our production schedule. This could, in turn, disrupt our operations, including the production of certain higher margin vehicles.

Our use of "just-in-time” manufacturing processes typically allows us to maintain minimal inventory. As a result, our ability to maintain production is dependent upon our suppliers delivering sufficient quantities of systems, components, raw materials and parts on time to meet our production schedules and specifications.

Research and development expenses were $9.2 billion in 2024. This shows a commitment to innovation and developing new products and services.

The Software & Services organization is bringing together all of GM's software capabilities and assets under one team for the first time at GM. This shows a commitment to innovation and developing new products and services.

The company constantly innovating and hold a significant number of patents, copyrights, trade secrets and other intellectual property that protect those innovations in numerous countries. This shows a commitment to innovation and developing new products and services.

The Board of Directors increased the capacity under the share repurchase program by $10.0 billion to an aggregate of $11.4 billion and approved a $10.0 billion ASR program. This shows a commitment to returning capital to shareholders.

The Board of Directors declared a quarterly dividend of $0.12 per share of common stock. This shows a commitment to returning capital to shareholders.

Capital spending is expected to be approximately $10.0 billion to $11.0 billion in 2025. This shows a commitment to investing in the business.

Our unwavering commitment to safety is manifested through empowering employees to "Speak Up for Safety" and the Employee Safety Concern Process. These resources make it easier for salaried, hourly or represented and contract employees to report potential vehicle or workplace safety issues, or to suggest safety related improvements without fear of retaliation.

Our award-winning Total Rewards package includes support for physical, emotional and financial wellness. We provide a comprehensive, competitive offering that includes compensation, a 401(k) company contribution and matching program, paid time off for holidays and vacations, a high-quality health care plan, and GM Family First savings on GM vehicles, parts and services.

Our operations are subject to a wide range of environmental protection laws including those regulating air emissions, water discharge, waste management and environmental cleanup. Certain environmental statutes require that responsible parties fund remediation actions regardless of fault, legality of original disposal or ownership of a disposal site.

GMNA Industry sales in North America were 20.3 million units in the year ended December 31, 2024, representing an increase of 3.5% compared to the corresponding period in 2023.

GMI Industry sales in China were 26.6 million units in the year ended December 31, 2024, representing an increase of 6.4% compared to the corresponding period in 2023.

Our total vehicle sales in China were 1.8 million units resulting in a market share of 6.9% in the year ended December 31, 2024, representing a decrease of 1.5 percentage points compared to the corresponding period in 2023.