GM CFO Says U.S. Border-Adjusted Tax Is 'Too Complex'

The transcript discusses the potential impact of the border adjustment tax on the auto industry, particularly General Motors (GM). GM supports tax reform but finds the border adjustment tax complex. They aim to work with the administration to ensure reforms benefit the US economy and manufacturing. GM is engaged in discussions with the government on various issues, including tax reform. The company emphasizes its commitment to the US with significant investments and a strong manufacturing presence, while considering long-term decisions in response to political influences.

What is the estimated cost increase per car due to the border adjustment tax?

• $1500

• $2000

• $3000

• $2500

What is General Motors' position on the border adjustment tax?

• They oppose it completely.

• They are indifferent to it.

• They find it too complex.

• They fully support it.

How is General Motors engaging with the administration regarding tax reform?

• They are engaged on multiple fronts, including tax reform.

• They are only discussing with Congress.

• They are only focusing on regulatory issues.

• They are not engaging at all.

What is a key factor in General Motors' manufacturing decisions?

• Immediate cost savings

• Long-term strategic planning

• Short-term profit maximization

• Reducing employee numbers

How much has General Motors invested in the US since 2009?

• $25 billion

• $10 billion

• $15 billion

• $21 billion