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General Motors Company Q2 2011 Results

August 4, 2011

Forward Looking Statements


In this presentation and in related comments by our management, our use of the words expect, anticipate, possible, potential, target, believe, commit, intend, continue, may, would, could, should, project, projected, positioned or similar expressions is intended to identify forward looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but these statements are not guarantees of any events or financial results, and our actual results may differ materially due to a variety of important factors. Among other items, such factors might include: our ability to realize production efficiencies and to achieve reductions in costs as a result of our restructuring initiatives and labor modifications; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; our suppliers ability to deliver parts, systems and components at such times to allow us to meet production schedules; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt, including as required to fund our planned significant investment in new technology; our ability to realize successful vehicle applications of new technology; and our ability to continue to attract new customers, particularly for our new products. GM's most recent annual report on Form 10-K and quarterly report on Form 10-Q provides information about these and other factors, which we may revise or supplement in future reports to the SEC.

Second Quarter 2011 Highlights


Q2 11
F/(U) vs. Q2 10

Global Deliveries Net Revenue EBIT - Adj.


- GMNA - GME - GMIO - GMSA

2.3M $39.4B $3.0B


$2.2B $0.1B $0.6B $0.1B

Auto Free Cash Flow

$3.8B
2

Summary of Q2 2011 Results


Q2 2010 GAAP Net Revenue ($B) Operating Income ($B) Net Income to Common Stockholders ($B) EPS Diluted ($/Share) 33.2 1.9 1.3 0.85 39.4 2.5 2.5 1.54 Q2 2011

Non- GAAP EBIT- Adj. ($B) Automotive Free Cash Flow ($B) 2.0 2.8 3.0 3.8
3

Note: Starting Q4 2010 EBIT-Adj. includes GM Financial on an Earnings Before Tax (EBT) basis

Net Income Impact of Special Items


Q2 2010
Net Income to Common Stockholders ($B) EPS Diluted ($/Share) Special Items Included ($B): None 1.3 0.85

Q2 2011
2.5 1.54

Total Impact of Special Items: Net Income to Common Stockholders ($B) EPS Diluted ($/Share) -

Info Item: Fully Diluted EPS Calculation


Q2 2010 Net income to stockholders ($B)
Cumulative dividend on Series A Cumulative dividend on Series B Undistributed earnings allocated to Series B

Q1 2011 3.4
(0.2) (0.1) 0.0

Q2 2011 3.0
(0.2) (0.1) (0.3)

1.5
(0.2) n/a n/a

Net income to common ($B)


Add back Series B Preferred dividend

1.3
n/a

3.2
0.1

2.5
0.0

Net income to common diluted EPS calc. ($B) Fully diluted share count (M)
Memo: Series B equivalents included

1.3 1,567
n/a

3.2 1,817
148

2.5 1,654
0

EPS Diluted ($/share)


Memo: Average stock price in $33.00 - $39.60 range EPS calculation method

0.85
n/a n/a

1.77
Y If Converted

1.54
N Two-Class

Note: Results may not foot due to rounding

Q2 Operating Income Walk to EBIT- Adj.


Q2 2010 1.9
0.4 (0.1) (0.2)

($B)

Q2 2011 2.5
0.4 0.0 0.2

Operating Income
Equity Income Non-Controlling Interests Non-Operating Income

Earnings Before Interest & Taxes (EBIT)


Less Special Items

2.0
0.0

3.0
0.0

EBIT- Adj.

2.0

3.0

Note: Starting Q4 2010 EBIT & EBIT-Adj. include GM Financial on an Earnings Before Tax (EBT) basis Note: Results may not foot due to rounding 6

Q2 EBIT & EBIT- Adj.


($B)
GMNA GME GMIO GMSA GMF* Corp./ Elims EBIT-Adj.
Plus Special Items

EBIT

Q2 2010

Q2 2011

3.0

3.0

2.2 2.0 1.6

2.0

0.5 0.6 0.1 (0.2) 0.2 0.1 n/a 0.1 (0.1) (0.2) 0.0 0.0

GMNA

GME

GMIO

GMSA

GMF*

Corp. / Elims

EBIT - Adj.

Plus Special Items

EBIT

Note: Results may not foot due to rounding

* GMF at an Earnings Before Tax basis (EBT)

Global Deliveries
(000s)
2,400
2,162 2,068 2,179 2,216 2,320

1,700

1,000
Q2 2010
Global Share 11.6%

Q3 2010
11.4%

Q4 2010
11.5%

Q1 2011
11.4%

Q2 2011
12.2%

GM deliveries & market share include vehicles sold around the world under GM and JV brands, and through GM-branded distribution network 8

Earnings Before Interest & Taxes


($B) 4.0 3.5 3.0 2.3 2.0 2.0 2.0 1.3 1.0 1.0
EBIT-Adj. EBIT-Adj.

3.0

0.0 Q2 2010
Revenue ($B) Oper Inc % Rev EBIT-Adj % Rev. Production (000s) 33.2 5.7% 6.1% 2,257

Q3 2010
34.1 5.4% 6.7% 2,104

Q4 2010
36.9 0.6% 2.8% 2,269

Q1 2011
36.2 2.6% 5.6% 2,327

Q2 2011
39.4 6.2% 7.5% 2,400
9

Note: Starting Q4 2010 EBIT & EBIT-Adj. include GM Financial on an Earnings Before Tax (EBT) basis

Consolidated EBIT Q2 2010 vs. Q2 2011


Q2 2010 EBIT ($B) $1.0B Improvement
1.0 (0.4) (0.2) 3.0 0.6 2.0 2.0 3.0

Q2 2011 EBIT ($B)

0.0
EBIT Less Special EBIT-Adj. Items Volume / Mix Price Cost Other EBIT-Adj.

0.0
Plus Special Items EBIT

10

GMNA Deliveries
(000s)
900 784 716 660 685 684

450

0 Q2 2010
GMNA Share U.S. Share 18.7% 19.4%

Q3 2010
17.7% 18.3%

Q4 2010
18.5% 19.1%

Q1 2011
18.3% 19.0%

Q2 2011
19.1% 20.0%

11

Key GMNA Performance Indicators


U.S. Total Share
Share

U.S. Retail Share

Avg. GM U.S. Retail Incentive

$/Unit

22% 20% 18% 16% 14% 12% 10% 8% 6% Q2 2010


GM %
(GM % / Ind. %)

5,500 5,000 4,500 4,000 3,500 3,000


Jul 2011 est. 9.5

2,500

Q3 2010
9.6

Q4 2010
9.6 9.4

Q1 2011
9.8

Q2 2011
8.9 9.1 8.9

Avg. U.S. Retail Incentive as % of ATP 9.9 11.2 11.7 12.6 10.7 10.4 12.6 13.2

GM vs. Ind.

0.95 1.03 1.10 1.12 1.01 0.95 1.02 0.97 1.00 1.26 1.23 0.96 1.00 1.10 1.01 0.98
12

Note: Incentive & ATP Information Based on J.D. Power and Associates Power Information Network data

GMNA Earnings Before Interest & Taxes


($B) 3.0 2.1 2.0 1.6 0.8 1.3
EBIT-Adj.

2.9 2.2

1.0

0.0

(1.0) Q2 2010
Revenue ($B) EBIT-Adj % Rev Production (000s) U.S. Dealer Inv (000s) 20.3 7.9% 731 438

Q3 2010
21.5 9.9% 707 478

Q4 2010
22.0 3.4% 703 511

Q1 2011
22.1 5.7% 786 574

Q2 2011
23.1 9.7% 824 605
13

GMNA EBIT Q2 2010 vs. Q2 2011


Q2 2010 EBIT ($B) $0.6B Improvement Q2 2011 EBIT ($B)

0.8

(0.2) (0.3) 2.2 2.2

0.3 1.6 1.6

0.0
EBIT Less Special EBIT-Adj. Items Volume / Mix Price Cost Other EBIT-Adj.

0.0
Plus Special Items EBIT

14

Info Item: U.S. Full-size Pickup Dealer Stock


U.S. Dealer Stock December 2010 June 2011 July 2011 December 2011 Objective
U.S. Sales (000s) 1,400 GM U.S. F/S Pickup Sales

Units (000s) 159 219 209 ~200

Days Supply 70 122 115 ~90


U.S. Country of Sale Capacity* (000s) 5 Plant Capacity 1,300

GM U.S. Country Of Sale F/S Pickup Capacity

1,200 999 904 800 669 600 445 400 2005 * Capacity on three-shift basis 2006 2007 2008 2009 2010 520 882

1,000

Normal 3 Plant Capacity ~780 2012 3 Plant Capacity ~640

15

Info Item: GMNA EBIT-Adj (Sequential & Y-o-Y)


($B) EBIT-Adj.
(prior period)

Volume 0.1

Mix 0.2

Price 0.6

Cost 0.0

C$ NML (0.4)

Other 0.0

EBIT-Adj.
(current period)

$1.6B
(Q2 2010)

$2.1B
(Q3 2010)

$2.1B
(Q3 2010)

0.4

(0.9)

(0.3)

(0.5)

0.0

0.0

$0.8B
(Q4 2010)

$0.8B
(Q4 2010)

0.2

0.1

(0.1)

0.2

0.0

0.1

$1.3B
(Q1 2011)

$1.3B
(Q1 2011)

0.0

0.2

0.6

0.0

0.2

(0.1)

$2.2B
(Q2 2011)

$1.6B
(Q2 2010)

0.6

(0.3)

0.8

(0.2)

(0.2)

(0.1)

$2.2B
(Q2 2011)

Note: Results may not foot due to rounding

16

GME Deliveries
(000s) 900

450

443
128

389
115

427
129

429
109

483
143 Chevrolet

315

274

298

320

340

GME Excl. Chevrolet

0 Q2 2010
GME Share Germany Share U.K. Share 8.8% 8.0% 13.8%

Q3 2010
8.9% 8.5% 12.6%

Q4 2010
9.0% 9.0% 12.4%

Q1 2011
8.5% 8.2% 12.6%

Q2 2011
9.1% 8.9% 13.3%

GME deliveries and market share include unit sales of Chevrolets produced by GMIO and delivered to customers in GME. Revenue and associated costs of these unit sales are reported by GMIO 17

GME Earnings Before Interest & Taxes


($B) 3.0

2.0

1.0 0.0 0.0 (0.2) (1.0) Q2 2010


Revenue ($B) EBIT-Adj % Rev Production (000s) 6.0 (2.6)% 331
EBIT-Adj.

0.1

(0.6) Q3 2010
5.7 (9.9)% 286

(0.6) Q4 2010
6.9 (9.2)% 313

(0.4) Q1 2011
6.9 0.1% 344

Q2 2011
7.5 1.4% 326
18

GME EBIT Q2 2010 vs. Q2 2011


Q2 2010 EBIT ($B) Q2 2011 EBIT ($B)

$0.3B Improvement

0.2 0.0 (0.2) (0.2) 0.2 0.0

(0.1)

0.1

0.0

0.1

EBIT

Less Special Items

EBIT-Adj.

Volume / Mix

Price

Cost

Other

EBIT-Adj. Plus Special Items

EBIT

19

GMIO Deliveries
(000s) 900 771 751 782 855 780

450

586

567

576

686

588

China

185

184

206

169

192

GMIO Excl. China

0 Q2 2010
GMIO Share China Share India Share 8.9% 13.1% 4.0%

Q3 2010
8.7% 13.6% 3.0%

Q4 2010
8.6% 11.6% 3.4%

Q1 2011
9.2% 13.6% 3.1%

Q2 2011
9.6% 13.3% 3.4%

20

GMIO Earnings Before Interest & Taxes


($B) 3.0 2.0 1.0 0.5
0.4

0.6 0.5
0.3
EBIT-Adj.

0.6 0.5
0.4

0.3
0.2

0.4

Equity Income

0.0 (1.0)
Revenue ($B) EBIT margin from consolidated operations* Total China JV NI/Rev** Consolidated Prod. (000s) Joint Venture Prod. (000s) Total Production (000s)

Q2 2010
5.3 3.7% 12.6% 268 697 965

Q3 2010
5.1 4.5% 11.9% 235 631 866

Q4 2010
6.1 2.0% 7.7% 265 747 1,012

Q1 2011
5.4 3.0% 12.0% 257 709 966

Q2 2011
6.6 3.4% 11.1% 310 693 1,003
21

* Excludes equity income and non-controlling interest adjustment. See supplementary schedule S9 for additional details. ** Revenue not consolidated in GM results, pro-rata share of earnings reported as equity inc.

GMIO EBIT Q2 2010 vs. Q2 2011


Q2 2010 EBIT ($B) Q2 2011 EBIT ($B)

$0.1B Improvement

0.5 0.0
EBIT Less Special Items

0.5

0.1

0.1

(0.2)

0.1

0.6 0.0

0.6

EBIT-Adj.

Volume / Mix

Price

Cost

Other

EBIT-Adj.

Plus Special Items

EBIT

22

GMSA Deliveries
(000s) 900

450 231
146

268
169 99

285
186 99

248
143 105

273
161 112 Brazil GMSA Other

85

Q2 2010
GMSA Share Brazil Share 19.5% 18.4%

Q3 2010
19.8% 18.3%

Q4 2010
19.6% 18.4%

Q1 2011
18.7% 17.3%

Q2 2011
19.2% 17.6%

23

GMSA Earnings Before Interest & Taxes


($B) 3.0

2.0

1.0 0.2 0.0 0.2 0.2 0.1 0.1

(1.0) Q2 2010
Revenue ($B) EBIT-Adj % Rev Production (000s) 3.6 5.4% 230

Q3 2010
4.0 4.1% 245

Q4 2010
4.5 4.4% 241

Q1 2011
3.9 2.3% 231

Q2 2011
4.4 1.3% 247
24

GMSA EBIT Q2 2010 vs. Q2 2011


Q2 2010 EBIT ($B) $0.1B Reduction Q2 2011 EBIT ($B)

0.2 0.0
EBIT Less Special Items

0.2
EBIT-Adj.

0.1 0.0
Volume / Mix Price

(0.2) 0.0
Cost Other

0.1
EBIT-Adj.

0.0
Plus Special Items

0.1
EBIT

25

Automotive Free Cash Flow


($B) Net Income to Common Stockholders
Add-back Non-Controlling Interests, Preferred Dividends & undistributed earnings allocated to Series B Deduct Non-Auto (GM Financial)

Q2 2010 1.3
0.3 n/a

Q2 2011 2.5
0.5 (0.2)

Automotive Net Income


Depreciation / Amortization Working Capital Pension / OPEB Cash in Excess of Expense Other

1.6
1.7 0.0 (0.2) 0.7

2.9
1.6 0.1 (0.4) 0.7

Automotive Net Cash Provided/(Used) Operating Activities


Capital Expenditures

3.8
(1.0)

5.0
(1.2)

Automotive Free Cash Flow

2.8

3.8

Note: Results may not foot due to rounding

26

Key Automotive Balance Sheet Items


($B) Cash & marketable securities* Available Credit Facilities Available Liquidity* Key Obligations: Debt Series A Preferred Stock U.S. Pension Underfunded Status** Unfunded OPEB
* Includes Canadian HC Trust restricted cash ** Excludes U.S. non-qualified plan PBO of ~$0.9 billion *** Excludes ~$2B stock contribution completed 1/13/11 that will be counted as a plan asset starting in July 2011 27

Jun. 30 2010 32.5 1.1 33.6

Mar. 31 2011 30.6 5.9 36.5

Jun. 30 2011 33.8 5.9 39.7

8.2 7.0 15.8 9.3

5.0 5.5 11.2*** 10.0

4.7 5.5 10.8 *** 10.0

GM Financial
Industry Avg. (Excl. GM)

Q2 2010
GM Sales Penetrations U.S. Subprime (<=620) U.S. Lease Canada Lease GM / GMF Linkage GM as % of GMF Originations
(GM New / GMF Loan & Lease)

Q2 2011
6.8% 13.3% 8.4%

Q2 2010
4.2% 20.9% 15.8%

Q2 2011
5.1% 21.2% 19.0%

4.9% 6.5% 2.7%

14.0% 11.1%

38.0% 18.1%

GMF as % of GM U.S. S/P & Lease GMF Performance GMF Credit Losses
(annualized net charge-offs as % avg. receivables)

4.5% 139*

2.4% 144
28

EBT ($M)
GM Sales Penetrations based on JD Power PIN

* GM acquired GMF in Oct. 2010, prior to this GMF was an independent entity and not consolidated into GM results. Q2 2010 does not reflect purchase accounting and is not directly comparable to Q2 2011

Second Quarter Summary


Solid second quarter results
- Continued success in the marketplace - Improved GMNA margins - Continued progress in Europe

Good progress, but more to do


- Flawless execution of H2 production launches - Focus on cost containment - Leverage global growth

Based on current industry outlook, expect H2 2011 EBIT-Adj. to be modestly lower than H1, and full-year 2011 EBIT-Adj. to show solid improvement over 2010
29

New GM

New Business Model Leverage to Global Growth Significantly Lower Risk Profile

30

Success in Marketplace
Prior
Chevrolet Equinox, Q2 2009

Current
Chevrolet Equinox, Q2 2011

Segment Retail Market Share

Average Transaction Price (ATP)

36 month Residual Value

14.6% + $3,800 4.7%

49% 31% 45% + $7,000 31% 48% + $4,200 41%

Buick LaCrosse, Q2 2009

Buick LaCrosse, Q2 2011

15.5% 5.3%

Chevrolet Cobalt, Q2 2010

Chevrolet Cruze, Q2 2011

12.5% 6.2%

Residual value based on ALG 36 mo. May/June

31

Success in Marketplace
GM Total U.S. Share
Old GM

GM Global Share
New GM

30%

25%

20%

15%

10%
2005 2006 2007 2008 2009 2010 2011

32

Leverage Global Growth


5 YR Industry Growth 2010-2015E*
(Millions) % Global Growth

Industry Volume 2010*


(Millions)

2011 H1 GM Performance Market Position** 1


1

Market Share**
12%
>13%

BRIC
- China

25
17

+ 12
+8

50%
33%

North America Western Europe All Other

14 14 19 72

+ 6 + 2 + 4 + 24

25% 8% 17% 100%

1 5 3

19% 8% 8%

* 2010 industry volume & 5 YR projected growth based on IHS Automotive car and light truck sales forecast July 2011 ** GM market position and share based on GM internal data and includes sales by joint ventures on a total vehicle basis

33

Significantly Lower Risk Profile


Profitable in all regions, Q2 2011 H1 GMNA EBIT-Adj. $3.5B, US SAAR 12.8M H1 GME EBIT-Adj. $0.1B, +$0.9B vs. 2010

Break-Even at BreakBottom of Cycle

$39.7B Automotive Liquidity

Fortress Balance Sheet

$4.7B Automotive Debt $10.8B underfunded status of U.S. qualified pension plans

34

New GM

New Business Model Leverage to Global Growth Significantly Lower Risk Profile

35

General Motors Company Select Supplemental Financial Information

EBIT Walk to Net Income to Common Stockholders


Q2 Q2

($B)
GMNA GME GMIO GMSA Corp & Elims GMF

2010
1.6 (0.2) 0.5 0.2 (0.1) n/a

2011
2.2 0.1 0.6 0.1 (0.2) 0.1

Total EBIT
Interest Expense / (Income) Income Tax Expense / (Benefit)

2.0
0.1 0.4

3.0
0.0 (0.1)

Net Income to Stockholders


Undistributed earnings allocated to Series B (Basic) Dividends on Preferred Stock

1.5
n/a 0.2

3.0
0.3 0.2

Net Income to Common Stockholders


Note: Starting Q4 2010 EBIT includes GM Financial on an Earnings Before Tax (EBT) basis Note: Results may not foot due to rounding

1.3

2.5
S1

Reconciliation of Q2 2011 EBIT-Adj.


Q2 Q2

($B) Net Income to Common Stockholders


Add Back: Undistributed earnings allocated to Series B (Basic) Dividends on Preferred Stock Interest Expense / (Income) Income Tax Expense / (Benefit)

2010 1.3

2011 2.5

n/a 0.2 0.1 0.4

0.3 0.2 0.0 (0.1)

Earnings Before Interest & Taxes (EBIT)


Less Special Items: None

2.0

3.0

0.0

0.0

Total Special Items EBIT Adj.

0.0 2.0

0.0 3.0

Note: Starting Q4 2010 EBIT includes GM Financial on an Earnings Before Tax (EBT) basis Note: Results may not foot due to rounding S2

Q2 2011 Special Items


($B) Total GMNA Q2 2010 0.0 Q2 2011 0.0

Total GME

0.0

0.0

Total GMIO Total GMSA

0.0 0.0

0.0 0.0

Total Corp. Total Special Items

0.0 0.0

0.0 0.0
S3

Restructuring (not included in special items)


Q1 Q2 Q3 Q4 Q1 Q2

($B)
GMNA Dealer Related GMNA Non-Dealer Related

2010
0.0 0.1

2010
0.0 0.0

2010
0.0 0.1

2010
0.0 0.2

2011
0.0 0.0

2011
0.0 0.0

Total GMNA Total GME Total GMIO Total GMSA Total


Note: Results may not foot due to rounding

0.1 (0.3) 0.0 0.0 (0.2)

0.0 (0.2) 0.0 0.0 (0.2)

0.1 (0.1) 0.0 0.0 (0.1)

0.2 (0.1) 0.0 0.0 0.1

0.0 0.0 0.0 0.0 (0.1)

0.0 (0.1) 0.0 0.0 (0.1)


S4

Operating Income Walk to EBIT- Adj


Q2 Q3 Q4 Q1 Q2

($B) Operating Income


Equity Income Non-Controlling Interests Non-Operating Income/(Expense)

2010
1.9
0.4 (0.1) (0.2)

2010
1.8
0.4 (0.1) 0.1

2010
0.2
0.3 (0.1) 0.9

2011
0.9
2.1 0.0 0.5

2011
2.5
0.4 0.0 0.2

Earnings Before Interest & Taxes (EBIT)


Less Special Items

2.0
0.0

2.3
0.0

1.3
0.3

3.5
1.5

3.0
0.0

EBIT- Adj.

2.0

2.3

1.0

2.0

3.0

Note: Starting Q4 2010 EBIT & EBIT-Adj. include GM Financial on an Earnings Before Tax (EBT) basis Note: Results may not foot due to rounding S5

Reconciliation of Automotive Free Cash Flow


Q2 Q2

($B) Net cash provided by operating activities


Less net cash provided by operating activities-GM Financial

2010 3.8
n/a

2011 5.1
0.1

Automotive Net Cash Provided/(Used) Operating Activities


Capital expenditures

3.8
(1.0)

5.0
(1.2)

Automotive Free Cash Flow

2.8

3.8

Note: Results may not foot due to rounding

S6

GM Financial Key Metrics


($M)

Q2 2011 144 1,522 38.0% 9,110 6.1% 2.4%

Memo: Q2 2010**

Earnings Before Tax Total Originations GM new vehicles as % of total Finance Receivables Delinquencies (>30 days)* Annualized net charge-offs as % of avg. receivables

139 906 14.0% 8,734 8.9% 4.5%

* Excludes finance receivables in repossession ** GM acquired GMF in Oct. 2010, prior to this GMF was an independent entity and not consolidated into GM results. Q2 2010 does not reflect purchase accounting and is not directly comparable to Q2 2011

S7

Info Item: GMNA C$ Net Monetary Liability


GM Canada balance sheet includes ~CAD $7B Net Monetary Liability (NML) position, primarily pension, OPEB and accrued liabilities USD value of NML will vary due to difference in period end to period end FX Since GM Canada is USD functional, translation exchange realized as noncash charge recorded to GMNA P&L

GMNA CAD NML Translational Impact


Q1 2010 Non-Cash EBIT Impact ($B) Period End FX (CAD per USD)
Inc/(Dec) vs. Prior Period

Q2 2010 $0.2 1.0491


0.0327

Q3 2010 $(0.2) 1.0269


(0.0222)

Q4 2010 $(0.2) 0.9980


(0.0289)

CY 2010 $(0.4) 0.9980


(0.0507)

Q1 2011 $(0.2) 0.9713


(0.0267)

Q2 2011 $0.0 0.9730


0.0017
S8

$(0.2) 1.0164
(0.0323)

Calculation of EBIT-Adj. as a Percent of Revenue


($B) Consolidated Revenue Operating Income EBIT-Adj. 33.2 1.9 2.0 5.7% 6.1% 34.1 1.8 2.3 5.4% 6.7% 36.9 0.2 1.0 0.6% 2.8% 36.2 0.9 2.0 2.6% 5.6% 39.4 2.5 3.0 6.2% 7.5% Q2 2010 % Q3 2010 % Q4 2010 % Q1 2011 % Q2 2011 %

GMIO Revenue Operating Income Non-Operating Income (Expense) Plus Special Items * EBIT from consolidated operations 5.3 0.3 (0.1) 0.0 0.2 3.7% 5.2% 5.1 0.1 0.1 0.0 0.2 4.5% 2.5% 6.1 0.1 0.1 0.0 0.1 2.0% 1.1% 5.4 0.1 0.0 0.1 0.2 3.0% 1.8% 6.6 0.2 0.1 0.0 0.2 3.4% 2.3%

* Q1 2011 includes $67 million charge recorded as a special item Note: EBIT-Adj. includes GMF on an Earnings Before Tax (EBT) basis; Results may not foot due to rounding S9

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