GM Commits EUR1.9 Billion in Funding for Opel/Vauxhall Viability Plan

General Motors Unveils Threefold Increase in Turnaround Investment

RUESSELSHEIM, Germany and GENEVA, March 2, 2010 - Opel/Vauxhall today announced that its parent company General Motors will
contribute a substantial EUR1.9 billion funding package as part of its
commitment to the European viability plan, more than tripling its previous
investment pledge of EUR600 million.

Unveiling the increased funding package, Nick Reilly, CEO of
Opel/Vauxhall, said the GM contribution would be made in the form of both
equity and loans.

Under its viability plan, Opel/Vauxhall had estimated funding
requirements of EUR3.3 billion. However, an additional EUR415 million had
been requested by the respective European governments to offset the potential
impact of adverse market developments.

In a vote of confidence in Opel/Vauxhall's long-term business strength,
GM will now contribute more than 50 percent of the overall funding
requirements. As a result, the requested total of loan guarantees from
European governments will decline from EUR2.7 billion to under EUR2
billion.This commitment by GM removes any potential liquidity risks during
the restructuring this year.

"GM's EUR1.9 billion commitment is the right course of action for
Opel/Vauxhall and should clearly signal our determination to fix our
business," said Nick Reilly. "Our call for the additional funding was
approved by GM's senior management and supported by the GM Board of
Directors. Meanwhile, we have shared this decision with the European
Commission as well as the national and state governments involved. We hope
that our strong commitment will be well received as a major milestone in our
ongoing discussions about government guarantees to cover the remaining gap."

"We greatly value the much increased support from GM, particularly given
the high-priority demands on their liquidity, not least the restructuring of
GM's North American operations and coping with a continuously weak market in
North America," Reilly added.

"It is of vital importance for GM to demonstrate our commitment for our
European operations," said Ed Whitacre, GM Chairman and CEO. "Beyond the
purely financial aspects, we see this as a major step towards instilling
renewed trust and confidence into Opel/Vauxhall's customers, employees,
business partners, unions, dealers and European governments."

    Contact:

    Stefan Weinmann
    Tel: + 49(0)6142-7-77339
    Mobile: +49(0)175-228-9453
    stefan.weinmann@de.opel.com

    Ulrich Weber
    Tel: +49(0)6142-7-72279
    Mobile: +49(0)160-9785-1410
    ulrich.weber@de.opel.com

    Text can be downloaded at media.opel.com.

Contact: Stefan Weinmann, Tel: + 49(0)6142-7-77339, Mobile: +49(0)175-228-9453, stefan.weinmann at de.opel.com; Ulrich Weber, Tel: +49(0)6142-7-72279, Mobile: +49(0)160-9785-1410, ulrich.weber at de.opel.com