Bloomberg Talks GM CFO Talks Tariffs, Supply Chain Changes
Oct 21, 2025
Paul Jacobson, the Chief Financial Officer of General Motors, shares insights into the automotive industry's challenges. He discusses GM's impressive resilience through COVID and supply chain disruptions. Jacobson highlights GM's strategic pivot towards electric vehicles while maintaining inventory discipline. He also elaborates on diversifying supply chains and U.S. investments, along with the company's progress in tariff relief negotiations. Jacobson wraps up by detailing GM's profitability strategy in the competitive Chinese market.
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Balancing Resilience With Long-Term Vision
- GM built a resilient model to react faster to change by improving its balance sheet and inventory discipline.
- The company prioritizes agility while keeping focus on its long-term EV vision.
Right-Size Capacity, Keep The EV Bet
- Right-size capacity to match realistic near-term demand while maintaining long-term strategy.
- Pause or adjust EV capacity rather than abandoning the EV transition altogether.
Supply Base Diversification After Shocks
- GM diversified its supply base after COVID and the chip crisis to reduce single-source vulnerabilities.
- The company invested in U.S. battery raw materials and expanded chip fabrication locations.