EFTA01385137.pdf

1 October 2017 Autos & Auto Parts General Motors Co Markets, and adjacent opportunities je.g. Delivery, Data) could easily double this. As noted above, GM also pointed out that a number of our financial assumptions are conservative. We're reiterating our Buy. Key risks for GM include cyclicality, and execution on an aggressive Auto 2.0 plan. Year End Dec 31 2016A 2017E 1018E FY EPS (USD/ 6.12 6.00 5.79 P/E Ix) 5.1 6.7 7.0 Revenue (USDn1) 156,849.0 129,476.1 126,573.6 Sam Onich• 6 owns company Oa Deutsche Bank Securities Inc Page 3 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0086199 CONFIDENTIAL SDNY_GM_00232383 EFTA01385137