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