Monday, November 12, 2012

Chevrolet, Disney Inspire Design Innovation with Test Track

DETROIT – Chevrolet designers and Walt Disney Imagineers have joined forces to give Walt Disney World Resort guests a deep look inside a professional design studio creating a first-of-its-kind multi-sensory virtual experience in automotive design.


Chevrolet and Disney tapped their best design talent with expertise ranging from industrial and automotive design to architecture and animation. The design collaboration began 18 months ago with a few guiding principles – create an experience that is personal, future-focused and optimistic.

The two teams met regularly throughout the development process in both GM’s Design studios in Warren, Mich., and at Test Track in Epcot in Lake Buena Vista, Fla. The collaboration allowed for the greatest level of innovation yet ensured the values of both brands were accurately represented in the new attraction, while allowing both teams to learn from each other’s expertise.

“At Chevrolet, the diversity of talent on our team allows us to consistently produce sophisticated, refined and detailed design – but we don’t typically design through the eyes of a 12-year-old,” said Jeff Mylenek, GM Design manager, Global Exhibit and Merchandising Design. “Working with Walt Disney Imagineering, we were inspired to see our brand story from a more youthful perspective and really opened the parameters on how to approach this design challenge.”

The result is a unique experience that gives an authentic, inside-the-studio look at the actual automotive design process, while empowering guests themselves to create their own designs, possibly inspiring the next generation of automotive designers.

“The re-imagined Test Track portrays an optimistic view of the future, and reflects the deep collaboration between Disney and Chevrolet on both the design and the overall experience,” said Eric Jacobson, senior vice president, Walt Disney Imagineering. “It’s a thrilling attraction supported by rich exhibit displays and interactive elements that bring guests directly into the design process – with a few surprises thrown in.”

The teams used multiple mediums throughout the re-imagined attraction for storytelling, including:
  • Visual cues inspired by Chevrolet’s expressive vehicle design language throughout the architectural elements in the space as well as in the interactive displays; speed forms and concept vehicle displays, like EN-V and Miray, provide a glimpse into the future of Chevrolet design.
  • Advanced computer technology – similar to that used by Chevrolet designers every day – powers the guest design experience, while radio frequency technology allows them to take their unique vehicle design with them through the entire ride.
  • A thrill-ride that provides the test experience where each guest’s vehicle design is evaluated.
  • Social media sharing extends the experience beyond the day at the park.
  • Test Track Presented by Chevrolet offers Disney guests a three-part experience:
  • First, guests will have the opportunity to design their own vehicle – car, truck or crossover – with some helpful hints from the Chevrolet designers built into the process. “Designing a successful vehicle requires some careful thought about how to balance capability, efficiency, responsiveness and power – some of the key elements that Chevrolet designers must consider with every new vehicle they imagine,” said Mylenek.
  • Next, they will have the chance to test drive their vehicle design, through the ride, on track surfaces that simulate the actual vehicle validation process that Chevrolet engineers use to ensure every new vehicle meets the highest performance standards. Each guest’s vehicle design will be evaluated and scored based on how well their design balanced the core attributes.
  • Finally, guests have the opportunity to race their vehicle over changing terrain and extreme conditions on a digital driving table, produce and share a TV commercial starring their custom vehicle and pose for action shots in front of their design.
The re-imagined Test Track Presented by Chevrolet will open on Dec. 6, 2012. For more information, please visit: http://disneyworld.disney.go.com/parks/epcot/attractions/test-track/

About Chevrolet

Founded in 1911 in Detroit, Chevrolet is now one of the world's largest car brands, doing business in more than 140 countries and selling more than 4 million cars and trucks a year. Chevrolet provides customers with fuel-efficient vehicles that feature spirited performance, expressive design, and high quality. More information on Chevrolet models can be found at www.chevrolet.com.

About GM Design

The first and largest global automotive OEM design function, General Motors has a network of ten Design Centers in seven countries around the world. The GM Design team is made up of designers from a variety of disciplines, not just vehicle design specialists. Designers from architecture, fashion, ceramics, graphic and interior design fill the studios globally, sharing expertise, new approaches and perspectives.

About Walt Disney World Resort

Walt Disney World Resort is a contiguous, nearly 40-square-mile, world-class entertainment and recreation destination featuring four theme parks (Magic Kingdom, Epcot, Disney’s Hollywood Studios and Disney’s Animal Kingdom); two water adventure parks (Blizzard Beach and Typhoon Lagoon); 35 resort hotels (25 owned and operated by Walt Disney World, includes seven Disney Vacation Club resort properties); 81 holes of golf on five courses; two full-service spas; Disney’s Wedding Pavilion; ESPN Wide World of Sports Complex; and Downtown Disney, an entertainment-shopping-dining complex. Walt Disney World Resort is also included in vacation packages of Disney Cruise Line. Located at Lake Buena Vista, Fla., 20 miles southwest of Orlando, Walt Disney World Resort opened Oct. 1, 1971. Open daily, year-round.

Friday, November 9, 2012

Chevrolet and MTV Iggy Turn Up the Volume on New Artists in ‘Cover the World’ Spark Concept

DETROIT – New international music artists will have no trouble being heard stateside in the Chevy Spark “Cover the World” concept vehicle. It’s a rolling concert hall that even packs its own DJ system and sound mixing equipment.

Chevrolet is partnering with MTV Iggy, a multiplatform brand elevating global artists and pop culture trends, to launch “Cover the World” – a new online music showcase bringing the hottest, breaking artists from abroad to North American shores.
The Spark is an international performer, too. It was already a hit in markets around the globe before it went on sale in the United States last July. It is reaching a new generation of American customers through online and offline experiences, such as Cover the World, The Color Run and Importing Our Export video series.

The Cover the World Spark concept amplifies new music wherever it goes, with full complement of Kicker QS audio equipment, including:
  • Two 15-inch Solo-Baric L7 subwoofers
  • Six 6-inch QS component set
  • Two 1,000-watt mono subwoofer amp
  • Two 500-watt four-channel mid and high amp
  • Two 500-watt two-channel mid and high amp
  • CUSH headphones.
Additional equipment enables this sonically enhanced Spark to serve as an instant DJ or karaoke platform, with a Numark Mixdeck Quad Universal DJ system, karaoke and sound-mixing equipment, microphones and headphones, a computer tablet interface, an interior Web cam and a rear-mounted 32-inch HD SunBrite all-weather outdoor LCD television. It also features Chevrolet’s MyLink color touch screen.

Designers gave the Spark’s exterior a Cover the World makeover, too, by adding a sporty ground effects package that accents the production Lemonade exterior color – accented by a Z-Spec grille, yellow-tinted chrome trim, yellow upper and lower grilles, yellow-tinted headlamp and taillamp lenses and “Cover the World” star-pattern graphics.

The car also wears unique 18x6-inch split five-spoke aluminum wheels painted Spiral Grey, and it sits lower to the ground, thanks to a custom suspension lowering kit.

Inside, Jet Black seats with leather inserts are accented with yellow and light titanium stitching, while Lemonade-painted interior trim provides a striking contrast to the otherwise dark cabin. Chevrolet Accessories stainless steel sill plates and sport-style stainless pedal covers are also featured.

Spark is a sporty four-passenger, five-door hatch. It is designed for first-time buyers and city dwellers with bold styling and colors, affordability, the safety of 10 standard air bags, fuel efficiency and maneuverability. Spark also is the only car in its segment to provide a seven-inch color touch screen radio capable of displaying smartphone-based music, videos, photos and contacts for hands-free calling.

Win a ‘Cover the World’ Spark

Through the Cover the World program, global artists are asked to reimagine one of the world’s most-recognizable pop songs. Four musical acts from around the world will cover Cyndi Lauper’s “True Colors” (written by Billy Steinberg and Tom Kelly). Each band will perform its cover version of the song and fans will vote for their favorite.

Fans who vote will earn a chance to win a custom-wrapped Chevy Spark – not the concept vehicle – as well as a VIP trip for two to see one of the featured acts perform live. Fans can also create, upload and share their own cover version for a chance to win a Chevy Spark.

To learn more about the artists, songs and how to upload user-generated videos, visit www.covertheworld.com.

Follow the Chevy Spark and “Cover the World” at @ChevyLife, and #sparkworld. More information is available at www.covertheworld.com.

Founded in 1911 in Detroit, Chevrolet is now one of the world's largest car brands, doing business in more than 140 countries and selling more than 4 million cars and trucks a year. Chevrolet provides customers with fuel-efficient vehicles that feature spirited performance, expressive design, and high quality. More information on Chevrolet models can be found at www.chevrolet.com.

Thursday, November 8, 2012

Chevrolet Silverado Has Lowest Total Cost of Ownership

DETROIT – The Chevrolet Silverado has the lowest total cost of ownership of any full-size pickup in the U.S. retail market, according to the automotive data compilation and analysis firm Vincentric.
 
“We know from talking to our truck customers that they expect their vehicles to work hard for them for several years, and the less money they have to spend on routine maintenance, repairs and other operating costs, the more they can invest in their businesses and lives,” said Don Johnson, vice president of Chevrolet Sales and Service. “There are nearly 10 million Silverado full-size pickups on the road today – a true testament to their reliability and operating efficiency,”

The Vincentric recognition shows that Silverado full-size pickups have the segment’s lowest combined ownership costs, which include items such as cost of depreciation, insurance, financing, repairs, fuel, fees and maintenance.

“For several years running, the Silverado has performed well in our analysis,” said David Wurster, president of Vincentric. “With low depreciation, maintenance and fuel costs, it's no wonder why the Silverado leads the segment with the lowest cost of ownership.”

About Vincentric

Vincentric provides data, knowledge, and insight to the automotive industry by identifying and applying the many aspects of automotive ownership costs. Vincentric data is used by organizations such as Yahoo! Autos, AOL, Cars.com, Chevrolet, Toyota, BMW, Mercedes-Benz, Kiplinger.com, Business Fleet Magazine, Volvo, NADA Guides, and Fleet-Central.com as a means of providing automotive insight to their clientele. Vincentric, LLC is a privately held automotive data compilation and analysis firm headquartered in Bingham Farms, Michigan.

About Chevrolet

Founded in 1911 in Detroit, Chevrolet is now one of the world's largest car brands, doing business in more than 140 countries and selling more than 4 million cars and trucks a year. Chevrolet provides customers with fuel-efficient vehicles that feature spirited performance, expressive design and high quality. More information on Chevrolet models can be found at www.chevrolet.com.

Tuesday, November 6, 2012

GMC Terrain, Chevy Equinox Reach 1 Million Units

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INGERSOLL, Ontario – A quicksilver metallic 2013 GMC Terrain Denali drove off the assembly line at GM’s CAMI plant this week, marking 1 million vehicles produced on the architecture that underpins the GMC small SUV and the Chevrolet Equinox.

Both Terrain and Equinox launched in 2009 as 2010 models. Combined sales of the two entries in the small SUV segment have grown every year since, with sales more than doubling from 138,248 units in 2009 to 283,491 units in 2011. Through the first nine months of 2012, General Motors leads the segment in sales, ahead of the Honda CR-V, the Kia Sportage/Hyundai Tucson and the Ford Escape.

“Small SUVs attract buyers with diverse personal preferences but a common need for space and versatility,” said Alan Batey, vice president of GM Sales, Service and Marketing. “With Equinox and Terrain, we can deliver on those core attributes while offering two very different design and packaging propositions. Chevrolet and GMC are both stronger brands with these vehicles in their showrooms.”

For the 2013 model year, the Equinox and Terrain offer voice-activated connectivity and an optional 301-horsepower V-6. The Terrain Denali also joined the lineup in 2013.

Forward Collision Alert, the industry’s single-camera crash avoidance system, debuted earlier this year on the two vehicles and was recently named a Popular Mechanics “Top 10 Tech Breakthrough of 2012.”

According to Kelley Blue Book’s KBB.com, the CUV segment will increase 8 to 10 percent in sales by 2015 as consumers continue to seek fuel-efficiency, utility and affordability in a single package.
In addition to GMC and Chevrolet production in Ingersoll, the Equinox is produced at facilities in Oshawa, Ontario and Spring Hill, Tenn.

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM’s brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

Monday, November 5, 2012

From Concept to Reality: Chevrolet Announces Sonic Dusk

LAS VEGASChevrolet today announced production of the Sonic Dusk sedan, designed to bring a higher degree of sophistication and refinement to the subcompact segment. The production intent Sonic Dusk will be displayed at the SEMA Show, opening Oct. 30 in Las Vegas and leads a diverse range of stylized Chevy small cars.
“Just like we’ve done with Corvettes and Camaros, we’re taking another one of our core products and adapting it to our customers’ lifestyles,” said Chris Perry, vice president of Chevrolet marketing. “The reaction to the Sonic Dusk concept last year was overwhelmingly positive and proved customers are interested in a more-refined subcompact. We’re moving quickly to bring Sonic Dusk to Chevrolet showrooms.”
The SEMA show vehicle features a production-intent package with ground effects, a rear spoiler and large, 18-inch aluminum wheels with a Pearl Nickel finish. Sophisticated touches lend the Ashen Grey Sonic Dusk a refined, contemporary aesthetic. The upper and lower grilles, door handle inserts and rear license plate trim are finished with a matte appearance, while stainless steel lower window moldings add an upscale accent to the body.

Inside, Sonic Dusk features Jet Black leather-trimmed seats with suede accents and Mojave tan inserts. Mojave accent stitching and tan-color door panel and instrument panel accents were designed to enhance the cabin’s ambience. It is also equipped with Chevrolet’s MyLink infotainment system, which integrates a smartphone and stored media – via Bluetooth, plug-in outlet or USB – with the radio.

“With a year under our belt, we’ve learned our Sonic sedan buyers are looking at exterior styling as a key purchase driver,” said Cristi Landy, marketing director of Chevrolet small cars. “While the RS hatchback is our sporty interpretation of Sonic, Dusk is a sophisticated, well contented option – both unique to this segment. It’s all about choices and personalization.”

Sonic Dusk is powered by the Ecotec 1.4L turbocharged engine, rated at 138 horsepower (103 kW) and 148 lb.-ft. of torque (200 Nm) between 1,850 rpm and 4,900 rpm. The wide rpm range for the maximum torque – a specific trait of turbocharged engines – helps the engine deliver a better driving experience and performance. The engine is mated with a six-speed transmission – and production models offer a six-speed manual or automatic.

The 2013 Chevrolet Sonic is positioned between the all-new Spark and the Cruze in Chevy’s small car portfolio. As the only subcompact built in America, Sonic comes with a segment-leading 10 standard air bags and leads in interior roominess. The performance-inspired Sonic RS hits dealerships in late 2012 and features Chevrolet’s exclusive infotainment system MyLink , with a seven-inch color touch screen radio capable of displaying smartphone-based music, videos, photos and contacts for hands-free calling. To learn more about Sonic, visit the Chevy Sonic Facebook page, follow on Twitter at @ChevyLife or check out letsdothis.com.

Founded in 1911 in Detroit, Chevrolet is now one of the world's largest car brands, doing business in more than 140 countries and selling more than 4 million cars and trucks a year. Chevrolet provides customers with fuel-efficient vehicles that feature spirited performance, expressive design, and high quality. More information on Chevrolet models can be found at www.chevrolet.com.

Friday, November 2, 2012

Full-Scale Driving Fun: Camaro Hot Wheels® Edition

LAS VEGAS – The dream of millions of Hot Wheels® fans of all ages will come when the Camaro Hot Wheels® Edition arrives at Chevrolet dealerships early next year. It’s the first time a full-size, production Hot Wheels® car has been offered for sale by any manufacturer.
Blister packaging and orange race track not included.

“Millions of us grew up playing with Hot Wheels,” said Chris Perry, vice president of Chevrolet Marketing. “Offering a special production model of the Camaro Hot Wheels is an opportunity to bring those memories to life, for kids of all ages.”

The Camaro Hot Wheels® Edition debuted today at the SEMA Show, in Las Vegas. A special run of the Camaro Hot Wheels® Edition will be produced in the first quarter of 2013 – and like the collectable toys on which it is based – when they’re gone, they’re gone.

“It’s been nearly 20 years since I started designing cars for Hot Wheels and I have yet to drive one home,” said Felix Holst, vice president of creative for the Mattel Wheels Division. “Personally, I can’t wait to open the doors and see the Hot Wheels Camaro sitting in the garage.”

The appearance of the Camaro Hot Wheels® Edition echoes the cues that Hot Wheels enthusiasts recognize, including a vibrant, graphics-accented metallic paint scheme and even the red-lined wheels. The result is instantly recognizable as a Hot Wheels.

The Camaro Hot Wheels® Edition is available in coupe and convertible models – in 2LT (V-6) and 2SS (V-8) trims, blending exterior cues of the high-performance Camaro ZL1 with a Kinetic Blue exterior color and unique graphics. Exterior highlights include:
  • ZL1 rear spoiler (coupe models)
  • ZL1 front upper grille
  • Ground effects package, including front splitter and rocker treatment
  • Black 21-inch wheels with red outline stripe
  • Two-tone matte hood graphic and rear taillight panel “blackout” graphic
  • Fender “flame” graphics
  • Hot Wheels grille and decklid logos.
On the inside, a black leather-trimmed interior is accented with red and black seat stitching with the Hot Wheels logo embroidered on the front seats. The instrument panel and door inserts are black, with the Hot Wheels-style flame decal on each door. Hot Wheels® Edition sill plates also distinguish the car, along with Camaro-logo premium floor mats with red edging.

SS models feature a 6.2L V-8, which is offered in two iterations: the “L99” on automatic-equipped vehicles and the “LS3” on manual-equipped models. Horsepower for the L99 is 400 (298 kW) and torque is 410 lb.-ft. (556 Nm) – and it features fuel-saving Active Fuel Management. The LS3 develops 426 horsepower (318 kW) and 420 lb.-ft. (569 Nm) of torque.

LT-based models feature the “LFX” 3.6L V-6 engine, with dual-overhead camshafts, variable valve timing and direct injection. It’s rated at 323 horsepower at 6,800 rpm.

A dual-mode exhaust system is available on SS models with the six-speed manual transmission, as well as LT models with either the manual or automatic transmission. Similar to the systems found on the Camaro ZL1, the vacuum-actuated system provides a quieter driving experience at low engine speeds and a more aggressive sound during hard acceleration.

Chevrolet’s MyLink infotainment system is standard on the Camaro Hot Wheels® Edition. Its color touch radio, with a seven-inch touch screen, also can be paired with an available in-dash GPS navigation system. The color touch radio with MyLink enables a higher level of in-vehicle wireless connectivity and customized infotainment options, while building on the safety and security of OnStar. It seamlessly integrates online services such as Pandora® internet radio and Stitcher SmartRadio® using hands-free voice and touch-screen controls via Bluetooth-enabled phones.

FAST FACT: The original Custom Camaro 1:64-scale toy from 1968 was one of the original16 Hot Wheels issued and remains one of the most valuable Hot Wheels toys among collectors.
Hot Wheels is a registered trademark of Mattel, Inc. All rights reserved.

Founded in 1911 in Detroit, Chevrolet is now one of the world's largest car brands, doing business in more than 140 countries and selling more than 4 million cars and trucks a year. Chevrolet provides customers with fuel-efficient vehicles that feature spirited performance, expressive design, and high quality. More information on Chevrolet models can be found at www.chevrolet.com.

Thursday, November 1, 2012

GM Reports Third Quarter Net Income of $1.5 billion as EBIT-adjusted increases to $2.3 billion

DETROIT – General Motors Co. (NYSE: GM) today announced third quarter net income attributable to common stockholders of $1.5 billion, or $0.89 per fully diluted share including the impact of special items, which reduced net income by $0.1 billion and diluted earnings per share by $0.04. In the third quarter a year ago, GM’s net income attributable to common stockholders was $1.7 billion, or $1.03 per fully diluted share.

Net revenue in the third quarter of 2012 was $37.6 billion compared with $36.7 billion a year ago. Earnings before interest and tax (EBIT) adjusted was $2.3 billion compared with $2.2 billion a year ago.

“GM had a solid quarter because customers around the world love our new vehicles and we’re also seeing green shoots take hold on tough issues like complexity reduction, pensions and Europe,” said Chairman and CEO Dan Akerson. “We are going to keep playing offense with growth products like the Chevrolet Onix, Opel Mokka and Cadillac ATS and continue to systematically address business risks.”

Senior Vice President and CFO Dan Ammann added, “While we still have a lot of work to do, especially in Europe, it is encouraging to see our results begin to reflect the discipline we are bringing to bear on the overall business.”

GM Results Overview (in billions except for per share amounts)
Q3 2012
Q3 2011
Revenue
$37.6
$36.7
Net income attributable to common stockholders
$1.5
$1.7
Earnings per share (EPS) fully diluted
$0.89
$1.03
Impact of special items on EPS fully diluted
$0.04
-
EBIT-adjusted
$2.3
$2.2
Automotive net cash flow from operating activities
$3.1
$1.8
Automotive free cash flow
$1.2
$0.3

Third Quarter Segment Results
  • GM North America (GMNA) reported EBIT-adjusted of $1.8 billion compared with $2.2 billion a year ago.
  • GM Europe (GME) reported an EBIT-adjusted of $(0.5) billion compared with $(0.3) billion a year ago.
  • GM International Operations (GMIO) reported EBIT-adjusted of $0.7 billion compared with $0.4 billion a year ago.
  • GM South America (GMSA) reported EBIT-adjusted of $0.1 billion compared with near breakeven results a year ago.
  • GM Financial earnings before tax was $0.2 billion, up slightly compared with a year ago.
Cash Flow and Liquidity
For the quarter, automotive cash flow from operating activities was $3.1 billion, up $1.3 billion from a year ago, and automotive free cash flow was $1.2 billion, up $0.9 billion. GM ended the quarter with very strong total automotive liquidity of $37.5 billion. Automotive cash and marketable securities was $31.6 billion.

Pension De-Risking Transactions
During the quarter, approximately 30 percent of eligible U.S. salaried retirees accepted GM’s offer to receive a lump sum payment in lieu of ongoing pension benefits. In addition, GM expects to close in early November a previously announced transaction through which The Prudential Insurance Company of America will assume responsibility for pension obligations covering GM’s remaining eligible U.S. salaried retirees.

Through annuitizations and lump sum payments, approximately $29 billion of GM’s U.S. salaried pension liability is expected to be eliminated compared with an original estimate of $26 billion.
In connection with these transactions, GM expects to make total cash contributions to its U.S. salaried pension plan of approximately $2.6 billion. In addition, GM will record an approximately $2.9 billion pre-tax charge in the fourth quarter as a special item. GM originally estimated that it would make a cash contribution of $3.5 billion to $4.5 billion and record a charge of $2.5 billion to $3.5 billion.

Fourth Quarter Outlook
GM’s consolidated fourth quarter EBIT-adjusted will follow typical seasonal trends with results estimated to be similar to or slightly better than the same period a year ago.
GM also indicated that to the extent positive financial trends continue the reversal of a significant portion of its valuation allowance on U.S. and Canadian deferred tax assets is possible in the fourth quarter of 2012. At Sept. 30, 2012, valuation allowances on deferred tax assets in the United States and Canada were $35.6 billion and $3.2 billion. In addition, valuation allowance reversals could result in goodwill impairment.

Europe Outlook
GM currently estimates GME’s EBIT-adjusted for the 2012 calendar year to be in a range of $(1.5) billion to $(1.8) billion, depending on the level of restructuring activity in the fourth quarter. In addition, the company is targeting full-year 2013 EBIT-adjusted for GME to be slightly better than 2012. Break-even EBIT-adjusted results are targeted by mid-decade.

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM’s brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

Forward-Looking Statements
In this press release and in related comments by our management, our use of the words “expect,” “anticipate,” “possible,” “potential,” “target,” “believe,” “commit,” “intend,” “continue,” “may,” “would,” “could,” “should,” “project,” “projected,” “positioned” or similar expressions is intended to identify forward-looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but these statements are not guarantees of any events or financial results, and our actual results may differ materially due to a variety of important factors. Among other items, such factors might include: our ability to realize production efficiencies and to achieve reductions in costs as a result of our restructuring initiatives and labor modifications; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt, including as required to fund our planned significant investment in new technology; the ability of our suppliers to timely deliver parts, components and systems; our ability to realize successful vehicle applications of new technology; the overall strength and stability of our markets, particularly Europe; and our ability to continue to attract new customers, particularly for our new products. GM's most recent annual report on Form 10-K and quarterly reports on Form 10-Q provides information about these and other factors, which we may revise or supplement in future reports to the SEC.