Chief Future Officer: GM CFO Paul Jacobson
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 20 July 2022
⏱️ 23 minutes
🧾️ Download transcript
Summary
Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. Bloomberg's monthly program, Chief Future Officer, profiles these leaders and explores the impact they're making on their companies and industries. This episode focuses on General Motors CFO Paul Jacobson, who discusses the company's transformation with David Westin. GM has committed to invest $35B into producing electric and autonomous vehicles, and intends to phase out the manufacture of gas-powered cars and trucks by 2035.
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Transcript
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| 0:00.0 | What do you see on the horizon? Uncertainty or opportunity? |
| 0:05.0 | Whatever you see at PGM, we can help you rise to the challenges of today |
| 0:10.0 | when active investing and disciplined risk management are needed most. |
| 0:14.0 | Drawing on deep expertise across the world's public and private markets |
| 0:18.0 | in pursuit of long-term returns. |
| 0:21.0 | Our investments shape tomorrow today. |
| 0:24.0 | Pissue your tomorrow with PGM, a leading global asset manager. |
| 0:30.0 | The iconic American car company GM is in the midst of a dramatic transformation. |
| 0:38.0 | We really feel General Motors is moved from being an automaker to really a platform innovator. |
| 0:43.0 | The shift comes with ambitious goals to sell a million electric vehicles in the United States |
| 0:48.0 | and China by the middle of this decade and to phase out production of all gas powered cars and trucks by 2035. |
| 0:56.0 | With EV penetration still in single digits, it's a bold bet on the future of mobility. |
| 1:02.0 | The shift to electrification and ultimately autonomous vehicles is probably the most transformative thing that's happened in the auto industry. |
| 1:15.0 | Maybe since Henry Ford's assembly line, it's monumental. |
| 1:20.0 | We've got an industry that's really stayed about the same for about 50 years. |
| 1:26.0 | The thing that's different now is that a confidence of what we call case of connected autonomous shared and electric |
| 1:33.0 | that are really new things in a quantum way to the industry. |
| 1:39.0 | GM plans to put $35 billion behind its push into electric and autonomous vehicles by the year 2025. |
| 1:46.0 | That's where CFO Paul Jacobson comes in. |
| 1:49.0 | I see the role of finance as really being twofold. |
| 1:52.0 | Number one is making sure that we're supplying the information on how we think those decisions and that transformation |
| 1:58.0 | are going to project out financially. |
... |
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