Operator: Ladies and gentlemen, thank you for standing by. Welcome to the General Motors Company Third Quarter 2013 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we'll conduct a question-and-answer session. As a reminder, this conference is being recorded, Wednesday, October 30, 2013.
I would now like to turn the conference over to Randy Arickx, Executive Director of Communications and Investor Relations. Please go ahead, sir.
Randy Arickx - IR: Thanks operator. Good morning and thank you for joining us as we review the GM financial results for the third quarter of 2013. A press release was issued this morning and the conference call materials are available on our Investor Relations website. We are also broadcasting this call live on the Internet.
Before we begin, I would like to direct your attention to the legend regarding forward-looking statements on the first page of the chart set. The content of our call will be governed by this language.
This morning, Dan Akerson, General Motors Chairman and CEO, will provide opening remarks; followed by a review of the financial results with Dan Ammann, Executive Vice President and CFO. Dan Akerson will then conclude the remarks portion of our call with some closing comments.
After the presentation portion of the call, we will open the line for questions from the analyst community. In the room today we also have Tom Timko, Vice President, Controller and Chief Accounting Officer; Chuck Stevens, CFO, GM North America; and Jim Davlin, Vice President, Finance and Treasurer.
Now I will turn the call over to Dan Akerson.
Daniel F. Akerson - Chairman and CEO: Thanks, Randy. Every quarter in these calls, we talk a lot about what it takes to go from being good to great at General Motors. Fundamentally, I believe there are three drivers; building great products, satisfying our customers better than anyone else, and making sure the company has good bones.
In my book, good bones means a fortress balance sheet and a strong organizational – an organization with capabilities and everything from IT to HR to marketing and finance, all of these things. From products to people, to technology have to come together to build a sustainable competitive advantage, and they are doing just that, as you can see it in the numbers we're posting this quarter.
Looking at the top of Slide 2, you can see that we increased our third quarter global deliveries by 5.5% and grew our global market share by one-tenth of a point. Net revenue increased by $1.4 billion and EBIT adjusted was up 15% to $2.6 billion.
This $300 million increase was driven by higher earnings in North America and South America, a small increase in China, and a smaller loss in Europe, and another very solid quarter for GM Financial.
GM Financial, I'd like to point out, has now surpassed $2 billion in cumulative pre-tax earnings since we acquired the company in the second half of 2010.
Two of our automotive operating regions also deserve special recognition. First, the team in North America has done a great job in executing a very aggressive product plan. We are talking about more than a dozen Chevrolet, GMC, and Cadillac launches so far this year. Combined they represent more than 1 million sales on an annualized basis. In particular, the launches of the new Chevrolet Silverado and GMC Sierra have been nearly text book perfect.