Good evening,

Please help me with these questions.

1. What are important financial planning ingredients for GM?
2. How is this large loss affecting GM's current operations?
3. How will this loss affect long-term financial planning?
4. How might the pandemic change internal policies on the firm's cash position?

GM Posts $806 Million Loss as Pandemic Dampens Sales!

Washington, DC (CNN)GM reported an $806 million loss in the second quarter Wednesday and a 47% drop in revenue when compared to the same period last year, whileCOVID-19continues to spread.

Vehiclesales in the US during the quarter dropped by about 34% when compared to a year ago. GM said thatreduced demandand tight dealer inventories contributed to the decline.

GM(GM)found some cause for optimism during a difficult period, however. Overall sales bottomed out in April. In May and June, sales were about 20% less than the same period last year. GM's stock was down more than 3% Wednesday morning following the news.

Nearly all plants have returned to pre-pandemic shift levels and US dealer stocks are growing again, according to the company. GM lost more than two months of production during the crisis.

GM has cut advertising costs and discretionary spending, furloughed some employees and deferred compensation in an effort to weather the pandemic.

"We have a track record of making swift and strategic decisions to ensure our long-term success for the benefit of all our stakeholders. We will continue to drive the necessary change throughout the company," GM CEO Mary Barra said in a statement.

Wednesday morning GM also released a new advertisement for its electric Hummer, which included aprofile outline viewof a pre-production model of the SUV. The Hummer is scheduled to be revealed this fall and produced in the fall of 2021.

Thank you.