According to GM's FY 2017 10K, "On July 31, 2017 we closed the sale of the Opel and Vauxhall businesses and certain other assets in Europe (the Opel/Vauxhall Business) to Peugeot, S.A.(PSA Group). On October 31, 2017 we closed the sale of the European financing subsidiaries and branches (the Fincos, and together with the Opel/Vauxhall Business, the European Business) to Banque PSA Finance S.A. and BNP Paribas Personal Finance S.A." What was the net considerations paid to GM for the European Business? What was the total charge from the European Business? What significant liabilities did GM retain from their former European Business? Select the single response from the list below that best answers the fore mentioned questions. O Over $2 Billion; Net of taxes, over $6 Billion; Nearly $7 Billion of net pension liabilities. O $2.2 Billion in cash; $3.9 Billion; about $3 Billion of net pension liabilities. O $2.2 Billion in cash; Net of taxes, over $6 Billion; about $3 Billion of net pension liabilities. O Over $2 Billion; $3.9 Billion; Nearly $7 Billion of net pension liabilities. O Over $2 Billion; $3.9 Billion; about $3 Billion of net pension liabilities. O $2.2 Billion in cash; Net of taxes, over $6 Billion; Nearly $7 Billion of net pension liabilities.
According to GM's FY 2017 10K, "On July 31, 2017 we closed the sale of the Opel and Vauxhall businesses and certain other assets in Europe (the Opel/Vauxhall Business) to Peugeot, S.A.(PSA Group). On October 31, 2017 we closed the sale of the European financing subsidiaries and branches (the Fincos, and together with the Opel/Vauxhall Business, the European Business) to Banque PSA Finance S.A. and BNP Paribas Personal Finance S.A." What was the net considerations paid to GM for the European Business? What was the total charge from the European Business? What significant liabilities did GM retain from their former European Business? Select the single response from the list below that best answers the fore mentioned questions. O Over $2 Billion; Net of taxes, over $6 Billion; Nearly $7 Billion of net pension liabilities. O $2.2 Billion in cash; $3.9 Billion; about $3 Billion of net pension liabilities. O $2.2 Billion in cash; Net of taxes, over $6 Billion; about $3 Billion of net pension liabilities. O Over $2 Billion; $3.9 Billion; Nearly $7 Billion of net pension liabilities. O Over $2 Billion; $3.9 Billion; about $3 Billion of net pension liabilities. O $2.2 Billion in cash; Net of taxes, over $6 Billion; Nearly $7 Billion of net pension liabilities.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:According to GM's FY 2017 1OK, "On July 31, 2017 we closed the sale of the Opel and Vauxhall businesses and certain other assets in Europe
(the Opel/Vauxhall Business) to Peugeot, S.A.(PSA Group). On October 31, 2017 we closed the sale of the European financing subsidiaries and
branches (the Fincos, and together with the Opel/Vauxhall Business, the European Business) to Banque PSA Finance S.A. and BNP Paribas
Personal Finance S.A." What was the net considerations paid to GM for the European Business? What was the total charge from the European
Business? What significant liabilities did GM retain from their former European Business? Select the single response from the list below that best
answers the fore mentioned questions.
O Over $2 Billion; Net of taxes, over $6 Billion; Nearly $7 Billion of net pension liabilities.
O $2.2 Billion in cash; $3.9 Billion; about $3 Billion of net pension liabilities.
O $2.2 Billion in cash; Net of taxes, over $6 Billion; about $3 Billion of net pension liabilities.
O Over $2 Billion; $3.9 Billion; Nearly $7 Billion of net pension liabilities.
O Over $2 Billion; $3.9 Billion; about $3 Billion of net pension liabilities.
O $2.2 Billion in cash; Net of taxes, over $6 Billion; Nearly $7 Billion of net pension liabilities.
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