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General Motors | CORRESP: CORRESP

通用汽车 | CORRESP:信函

美股sec公告 ·  01/29 14:46
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General Motors Company (GM) has addressed the U.S. Securities and Exchange Commission's (SEC) comments on its Form 10-K for the fiscal year ended December 31, 2022. In a letter dated January 29, 2024, GM responded to the SEC's request for additional information on liquidity and capital resources, specifically regarding the consolidation of segment cash flows. GM committed to providing quantitative disclosures in future filings to clarify consolidated cash flow amounts. Additionally, GM clarified its revenue recognition policies, particularly concerning vehicle transfers to rental car companies. The company detailed changes to its remarketing procedures since 2017, explaining the phasing out of certain programs and the implementation of new practices that ensure vehicles are sold before ownership reverts to GM. These changes have led GM to account for all transactions with rental car companies as sales, rather than leases. GM's Vice President and Chief Accounting Officer, Christopher T. Hatto, signed the letter, expressing the company's commitment to compliance and enhanced disclosure in its filings.
General Motors Company (GM) has addressed the U.S. Securities and Exchange Commission's (SEC) comments on its Form 10-K for the fiscal year ended December 31, 2022. In a letter dated January 29, 2024, GM responded to the SEC's request for additional information on liquidity and capital resources, specifically regarding the consolidation of segment cash flows. GM committed to providing quantitative disclosures in future filings to clarify consolidated cash flow amounts. Additionally, GM clarified its revenue recognition policies, particularly concerning vehicle transfers to rental car companies. The company detailed changes to its remarketing procedures since 2017, explaining the phasing out of certain programs and the implementation of new practices that ensure vehicles are sold before ownership reverts to GM. These changes have led GM to account for all transactions with rental car companies as sales, rather than leases. GM's Vice President and Chief Accounting Officer, Christopher T. Hatto, signed the letter, expressing the company's commitment to compliance and enhanced disclosure in its filings.
通用汽车公司(GM)已经回应了美国证券交易委员会(SEC)对截至2022年12月31日财年的10-K表的评论。在2024年1月29日的一封信中,通用汽车回应了美国证券交易委员会关于提供有关流动性和资本资源的更多信息,特别是有关整合细分市场现金流的更多信息。通用汽车承诺在未来的文件中提供量化披露,以澄清合并的现金流金额。此外,通用汽车澄清了其收入确认政策,特别是有关向租车公司转让车辆的政策。该公司详细介绍了自2017年以来其再营销程序的变化,解释了某些计划的逐步取消以及确保在所有权归通用汽车之前出售车辆的新措施的实施情况。这些变化导致通用汽车将与租车公司的所有交易记作销售而不是租赁。通用汽车副总裁兼首席会计官克里斯托弗·哈托签署了这封信,在文件中表达了公司对合规和加强披露的承诺。
通用汽车公司(GM)已经回应了美国证券交易委员会(SEC)对截至2022年12月31日财年的10-K表的评论。在2024年1月29日的一封信中,通用汽车回应了美国证券交易委员会关于提供有关流动性和资本资源的更多信息,特别是有关整合细分市场现金流的更多信息。通用汽车承诺在未来的文件中提供量化披露,以澄清合并的现金流金额。此外,通用汽车澄清了其收入确认政策,特别是有关向租车公司转让车辆的政策。该公司详细介绍了自2017年以来其再营销程序的变化,解释了某些计划的逐步取消以及确保在所有权归通用汽车之前出售车辆的新措施的实施情况。这些变化导致通用汽车将与租车公司的所有交易记作销售而不是租赁。通用汽车副总裁兼首席会计官克里斯托弗·哈托签署了这封信,在文件中表达了公司对合规和加强披露的承诺。
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