Question-and-Answer Session
Operator
Thank you, and just a quick reminder, if you do have a question please press star then one. And first we will go to Dave Shepardson with Detroit News. Please go ahead.
Dave Shepardson – Detroit News
Hi, first thanks for doing this.
Fritz Henderson
Hi, Dave.
Dave Shepardson – Detroit News
Is GM considering moving its corporate headquarters, there is a little bit of scuttlebutt about that?
Fritz Henderson
I have seen actually seen a fair amount of that scuttlebutt. We were looking at frankly everything within our business, but it sounds like we have that queued up at the top of our list. But as we look at the structure, we look at the business; we are looking at everything, particularly as we slim down. But at this point, I don't really have anything to report. Our headquarters is here, we've got a fairly large complement of people here, and we are proud to be here.
Dave Shepardson – Detroit News
And will that be motivated by tax purposes, if you did move, would that be a factor?
Fritz Henderson
I mean, like I said, Dave we don't have any such plans, but if we did, it will be motivated by business rationale, which is the cost, efficiency, and speed.
Steve Harris
Okay, let me just remind everybody, one question per customer. So let us move on to the next one operator.
Operator
And that will be from John Revelle [ph] with Auto-Owners News [ph]. Please go ahead.
John Revelle – Auto-Owners News
Just a couple of quick queries, how much close are you to deciding your third bid for the European business , and secondly does the German government have casting votes on who actually wins the sale of process over here?
Fritz Henderson
Two things, first, we are speaking with multiple bidders with the objective to at least have some understanding, wouldn't be certainly a binding agreement, but certainly would be understanding of what an agreement might look like by certainly no latter than the end of this month, and our target is to do it slightly before the end of this month. With respect to the German government, we have a need for funding actually in our European business that is important and urgent, and the German government hasn’t indicated an interest in running our business. But on the other hand, we do need their support in terms of funding. So, you know, I would say who we pick is – they are going to – once they a say, that would not be the right term. But, you know, we're going to make sure that any partner we pick in this business is going to be suitable for them so that if we need their support, we obviously want to find any partner to be reasonable and acceptable.
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