General Motors Corporation (GM) is known to be among the largest motor vehicle manufacturers in the world. The company has got heavy presence in almost all countries in the world and trades as a jack of all currencies, the most common one being the Japanese Yen. The performance of this company however remains extremely sensitive to changes in world commodity prices:

1. Describe the determinants of how successful General Motors Corporations hedging program might be towards the achievement of its objectives
2. Analyze some of the potential risks General Motors Corporation (GM) likely faces in its global operation