State of the Union May 17, 2010

•Union Meeting is this Wednesday, May 19 at 3 pm and 15 minutes after the longest first shift line time.

• General Motors Company today announced its first quarter 2010 results, marked by revenue of $31.5 billion and operating income of $1.2 billion. Net income attributable to common stockholders was $0.9 billion, resulting in earnings per share on a diluted basis of $1.66. GM’s first quarter adjusted earnings before interest and tax (EBIT) was $1.7 billion, after adjusting for the favorable impact of the sale of the Saab brand. GM North America had EBIT in the first quarter 2010 of $1.2 billion (the same as Ford), up from a loss of $3.4 billion in the fourth quarter 2009. GM Europe had a loss before interest and taxes of $0.5 billion; an improvement of $0.3 billion from the fourth quarter. GM International Operations posted EBIT of $1.2 billion, up $0.5 billion from the fourth quarter. Cash flow from operating activities was $1.7 billion and after adjusting for capital expenditures of $0.7 billion, free cash flow was $1.0 billion. GM ended the first quarter with $35.7 billion in cash and marketable securities, including funds in escrow.

• Reminder: If you have received notification of automatic enrollment in the GM Personal Savings Plan (PSP) and do not wish to participate, you have until May 28 to opt out. You may do so by accessing www.gmbenefits.comor by calling the GM Benefits & Services Center at 1-800-489-4646. If not the first payroll deduction will occur on June 4, 2010, and will be at a 3% pre-tax contribution rate.