GENERAL MOTORS
GM%20Strategic%20and%20Operational%20Overview_
GM%20Strategic%20and%20Operational%20Overview_
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Target Cash and Liquidity<br />
• Proactively manage non-operating cash calls over three-year window<br />
• Revolver serves as backstop for unforeseen events/deep recession<br />
• Seasonality will cause cash balance to vary throughout the year<br />
$14.5B<br />
~$30-35B<br />
~$5B<br />
$1-2B<br />
~$20B<br />
~$6B<br />
$8B<br />
Minimum<br />
Operating<br />
Cash<br />
Working<br />
Capital<br />
Unwind<br />
Interest and<br />
Dividends<br />
Additional<br />
Support<br />
Target Cash<br />
Balance<br />
Revolver<br />
Target<br />
Liquidity<br />
Moderate Recession<br />
Sufficient Liquidity To Continue To Invest Through The Cycle<br />
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