[M Kehoe]

Good afternoon.

Thanks for the note to the K. I have to wonder did GM book a contingent liability for $200 million?

5.56mm

[Cboldt]

Good question about booking the loss in advance, but 0.2 billion is less than ...

In the year ended December 31, 2015 we recorded currency devaluation charges of $0.6 billion and asset impairment charges of $0.1 billion in Venezuela ...

Still, it's real money, and enough to make it worth fighting for. I doubt the board or investors are substantially concerned though. The takeover has been brewing for years, and GM is big enough to absorb the loss. The "nice nice" talk is a reasonable contingency for possible future business.