General Motors 2014 Annual Report Download - page 58

GENERAL MOTORS COMPANY AND SUBSIDIARIES
Actual experience could differ from the amounts estimated requiring adjustments to these liabilities in future periods. Due to the
uncertainty and potential volatility of the factors contributing to developing estimates, changes in our assumptions could materially
affect our results of operations.
Forward-Looking Statements
In this report and in reports we subsequently file and have previously filed with the SEC on Forms 10-K and 10-Q and file or
furnish on Form 8-K, and in related comments by our management, we use words like “anticipate,” “appears,” “approximately,”
“believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,”
“may,” “objective,” “outlook,” “plan,” “potential,” “priorities,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “would,” or
the negative of any of those words or similar expressions to identify forward-looking statements that represent our current judgment
about possible future events. In making these statements we rely on assumptions and analyses based on our experience and perception
of historical trends, current conditions and expected future developments as well as other factors we consider appropriate under the
circumstances. 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, both positive and negative. These factors, which may
be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K, include among others the following:
• 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 and the cost and effect on our
reputation and products;
• Our ability to maintain adequate liquidity and financing sources including as required to fund our planned significant
investment in new technology;
• Our ability to realize successful vehicle applications of new technology;
• Shortages of and increases or volatility in the price of oil, including as a result of political instability in the Middle East and
African nations;
• Our ability to continue to attract customers, particularly for our new products, including cars and crossover vehicles;
• Availability of adequate financing on acceptable terms to our customers, dealers, distributors and suppliers to enable them to
continue their business relationships with us;
• The ability of our suppliers to deliver parts, systems and components without disruption and at such times to allow us to meet
production schedules;
• Our ability to manage the distribution channels for our products;
• Our ability to successfully restructure our European and consolidated international operations and the health of the European
economy;
• The continued availability of both wholesale and retail financing from Ally Financial and its affiliates and other finance
companies in markets in which we operate to support our ability to sell vehicles, which is dependent on those entities’ ability
to obtain funding and their continued willingness to provide financing;
• Our continued ability to develop captive financing capability, including GM Financial;
58