GM Press Release on Auto Restructuring

FOR RELEASE: 2009-04-30

GM Statement Regarding President Obama's Announcement on Auto Restructuring

We are deeply appreciative for President Obama's strong commitment and support of the American auto industry and its employees. Like him, we firmly believe that the best days of America's auto manufacturers--including Chrysler--lay ahead. GM remains focused on accelerating the speed of its operational restructuring and reducing the liabilities and debt on its balance sheet. We look forward to working with the President's Auto Task force to do so and are committed to transparent reporting of our restructuring every step of the way.

CONTACT(S):

Greg Martin

202-775-5008

202-744-6285

greg.a.martin@gm.com