GM Press Release Says Company To Align To Present

In the latest press release GM CEO Wagoner announces General Motors actions to align business to current market conditions.

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General Motors Chairman and CEO Rick Wagoner will hold a news conference on Tuesday, July 15 to discuss actions the company is taking to align the business to current market conditions.

The press conference will begin at 9:00 a.m. EDT in the Jefferson Room of the Renaissance Conference Center on the second level of GM global headquarters in Detroit. The satellite feed for the press conference is:

Satellite: AMC 16
Transponder: 23
Downlink: 12160 Vertical
Audios: 6.2/6.8
Analog, Ku Band

A listen and Q&A line will be available for media:

U.S.: 800.288.8974
Outside U.S.: 612.332.0335
Ask for the GM media briefing

Preceding the press briefing will be an employee broadcast that will also be made available to the media. The employee broadcast will begin at 8:30 am EDT. Wagoner will address employees for approximately 20 minutes. Satellite access to the briefing is available at the coordinates listed above.

Telephone access (listen only) for the media will be available at:

U.S.: 800.288.8974
Outside U.S.: 612.332.0335
Ask for the GM media briefing

A conference call for financial analysts and the media will follow at 11:15 a.m. The call will be hosted by Wagoner along with other members of the GM senior leadership team including COO and President Fritz Henderson, CFO Ray Young and Vice Chairman and Head of Global Product Development Bob Lutz. The call will begin with remarks followed by a question-and-answer session.

To participate in North America, dial 800.786.6596. To participate outside North America, dial 212.231.2906. The conference call will also be webcast live on GM's Investor website http://investor.gm.com in the Calendar/Events section. The webcast and charts will available via a hot link at GM Media OnLine (http://media.gm.com).

Archive: A taped replay of the call will be made available from 1:15 p.m. EDT, July 15, 2008, until 1:15 p.m. EDT, July 17, 2008. Â In North America, please dial 800.633.8284 (or 402.977.9140 for access outside North America) and enter reservation number 21388602 for access to the taped replay.

CONTACT(S):
Dan Flores
GM News Relations
313.665.4629 (office)
313.418.2374 (mobile)
daniel.flores@gm.com

Reneé Rashid-Merem
GM Financial Communications
313.665.3128 (office)
586-899-0971 (mobile)
renee.rashid-merem@gm.com

Technical/broadcast questions:
Len Marsico
GM Global Communications Operations
313.665.3177 (office)
313.610.2091 (mobile)
len.marsico@gm.com

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