DETROIT, Aug. 2, 2017 /PRNewswire/ -- General Motors
Co. (NYSE: GM) announced today it has launched an offering of
senior unsecured fixed and floating rate notes. GM intends to use
the net proceeds from the sale of the notes to fund payments
related to certain European pension obligations that were a
condition to closing the Opel/Vauxhall sale and for general
corporate purposes.
GM has filed a registration statement, including a prospectus
and preliminary prospectus supplement, with the SEC for the
offering to which this communication relates. Prospective investors
should read the prospectus in that registration statement, the
preliminary prospectus supplement and other documents GM has filed
with the SEC for more complete information about GM and this
offering. The documents are available for free by visiting EDGAR on
the SEC website at www.sec.gov. Alternatively, copies of the
preliminary prospectus supplement and the accompanying prospectus
may be obtained by contacting the joint book-running managers:
Deutsche Bank Securities Inc.
Attention: Prospectus Group
60 Wall Street, New York, NY
10005
800-503-4611
prospectus.CPDG@db.com
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Attention: Prospectus Department
NC1-004-03-43
200 North College Street, 3rd Floor, Charlotte, NC 28255-0001
800-294-1322
dg.prospectus_requests@baml.com
Morgan Stanley & Co. LLC
Attention: Prospectus Department
180 Varick Street, New York, NY 10014
866-718-1649
prospectus@morganstanley.com
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities, in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. Any offer or sale of these securities will be made
only by means of a prospectus, including a prospectus supplement,
forming a part of the related registration statement.
General Motors Co. (NYSE: GM, TSX: GMM), its subsidiaries
and joint venture entities produce and sell vehicles under the
Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang and Wuling
brands. GM has leadership positions in several of the
world's most significant automotive markets and is
committed to lead the future of personal mobility.
Forward Looking Statements: This press release may
include forward-looking statements. These statements are based on
current expectations about possible future events and thus are
inherently uncertain. Our actual results may differ materially from
forward-looking statements due to a variety of factors, including:
(1) our ability to deliver new products, services and experiences
that attract new, and are desired by existing, customers and to
effectively compete in autonomous, ride-sharing and transportation
as a service; (2) sales of full-size pick-up trucks and SUVs, which
may be affected by increases in the price of oil; (3) the
volatility of global sales and operations; (4) aggressive
competition, including the impact of new market entrants; (5)
changes in, or the introduction of novel interpretations of, laws,
regulations or policies particularly those relating to free trade
agreements, tax rates and vehicle safety and any government actions
that may affect the production, licensing, distribution, pricing,
or selling of our products; (6) our joint ventures, which we cannot
operate solely for our benefit and over which we may have limited
control; (7) compliance with laws and regulations applicable to our
industry, including those regarding fuel economy and emissions; (8)
costs and risks associated with litigation and government
investigations; (9) compliance with the terms of the Deferred
Prosecution Agreement; (10) our ability to maintain quality control
over our vehicles and avoid recalls and the cost and effect on our
reputation and products; (11) the ability of suppliers to deliver
parts, systems and components without disruption and on schedule;
(12) our dependence on our manufacturing facilities; (13) our
ability to realize production efficiencies and cost reductions;
(14) our ability to successfully restructure operations in various
countries; (15) our ability to manage risks related to security
breaches and other disruptions to vehicles, information technology
networks and systems; (16) our ability to develop captive financing
capability through GM Financial; (17) significant increases in
pension expense or projected pension contributions; (18)
significant changes in the economic, political, and regulatory
environment, market conditions, and foreign currency exchange
rates; and (19) uncertainties associated with the consummation of
the sale of GM Financial's European financing subsidiaries and
branches to the PSA Group, including satisfaction of the closing
conditions. A further list and description of these risks,
uncertainties and other factors can be found in our Annual Report
on Form 10-K for the fiscal year ended December 31, 2016, and our subsequent filings
with the Securities and Exchange Commission. GM cautions readers
not to place undue reliance on forward-looking statements. GM
undertakes no obligation to update publicly or otherwise revise any
forward-looking statements.
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SOURCE General Motors