Says inventories down about 10% y/y at end of June. Sees calendar year 2026-27 spend $10B-$12B. Says making “steady progress” on Super Cruise. Expects Super Cruise revenue to double in 2026. Says “embracing AI” across the enterprise. Reports sustained China auto JV profitability and 2nd consecutive quarter of YoY sales growth. Overall sales up 20% and NEV sales up 50% YoY; debuted a PHEV version of the Buick GL8. Says EV production continues to be “North Star.” Comments taken from Q2 earnings conference call.
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