General Motors
Q2 2023 Earnings Call
Jul 25, 2023, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to General Motors Company second quarter 2023 earnings conference call. During the opening remarks, all participants will be in a listen-only mode. After the opening remarks, we will conduct a question-and-answer session. [Operator instructions] As a reminder, the conference call is being recorded, Tuesday, July 25, 2023.
I would now like to turn the conference over to Ashish Kohli, GM vice president of investor relations.
Ashish Kohli -- Vice President, Investor Relations
Thank you, Amanda, and good morning, everybody. We appreciate you joining us as we review GM's financial results for the second quarter of 2023. Our conference call materials were issued this morning and are available on GM's investor relations website. We are also broadcasting this call via webcast.
Joining us today are Mary Barra, GM's chair and CEO; Paul Jacobson, GM's executive vice president and CFO; and Kyle Vogt, CEO of Cruise. Dan Berce, president and CEO of GM Financial, will also join us for the Q&A portion of the call. On today's call, management will management will make forward-looking statements about our expectations. These statements are subject to risks and uncertainties that could cause our actual results to differ materially.
These risks and uncertainties include the factors identified in our filing for the SEC. Please review the safe harbor statement on the first page of our presentation as the content of our call will be governed by this language. And with that, I'm delighted to turn the call over to Mary.
Mary Barra -- Chairman and Chief Executive Officer
Thanks, Ashish, and good morning, everyone. Our operating results continue to demonstrate strong growth, thanks to an incredible customer response to our new trucks and SUVs around the world and strong execution of our business plan by the GM team, our dealers, and suppliers. Together we delivered $3.2 billion in EBIT adjusted in the second quarter, including an $800 million charge for new commercial agreements we have with LGE and LGES. The charge reflects the conscious decision we made during the Chevrolet Bolt EV recalled to serve our customers in ways that go beyond traditional remedies, and we're taking new steps that will reduce our costs and improve our margins over time.