FALL 2007 ______R _

______GM BENEFITS & SERVICES CENTER P.O. Box 770003 Cincinnati, OH 45277-0070 “We Care. We Share.”

(If Applicable) DONATION FORM FOR GM RETIREES FORM TO: MAIL COMPLETED 2007 UNITED WAY CAMPAIGN ______SIGNATURE: ______DATE: ______(Please Print) NAME: RETIREE SOCIAL SECURITY NUMBER: SURVIVING SPOUSE SOCIAL SECURITY NUMBER AMOUNT PER MONTH: $ ______I hereby authorize commencement for deduction of my monthly United Way pledge amount from my Corporation Retirement Plan benefit checks. I direct General Motors Corporation to continue the deduction without regard to changes in the amount until such time as I give written instructions to discontinue or change my pledge. I understand that I may at any time notify General Motors Corporation to discontinue or change my deduction amount by providing written notification to the Pension Administration Center at the address indicated below.

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In this Services Center at at Center Services

www.gmbenefits.com Designing for or or Benefits & Benefits Global Diversity

907 The Shift to Crossovers Box 300 Box

o report a change of address or to inquire to or address of change a report o ENCS 300 Renaissance Center 300 Renaissance 482-C32-B71 M.C.: P.O. MI 48265-3000 Detroit, Forward-Looking-Statements Disclaimer: Disclaimer: Forward-Looking-Statements “expect,” “believe,” like use words we newsletter, “aim,” “project,” “goal,” “plan,” “initiative,” identify to “designed” or “continue,” “may,” “priorities,” our which represent statements, forward-looking We judgment aboutevents. current possible future but GM’s reasonable, are believe these judgments of due a variety to materially differ may actual results most annual report recent GM’s important factors. 10-K and quarterlyon SEC Form reports on Form which about these factors, information 10-Q provide Forms in future or supplemented be revised may and 8-K. 10-Q, 10-K, T benefits, insurance life or care health pension, about GM the contact 1-800-489-4646 Hybrids - The Industry’s Broadest Selection 02 | encore | fall 07 Global Marketplace Creating Stand-outProductsfora Turnaround byDesign Global Design vice president, Ed Welburn LEADERSHIP http://retiree.gm.com Access onlineat Detroit, MI 48265-3000 P.O. Box 300 M.C.: 482-C32-B71 300 Renaissance Center Susan Waun, Editor GM Retiree Communications is published by GM strong and differentiated. designs – brands that are interior and exterior intensity of distinctive world is noticing a new It excites me that the and craftsmanship. proportion, surfaces cated vehicles with great to create bold, sophisti around the globe resolve as design organizations “Turnaround by Design,” team focused on GM’s from one Global Design All of this energy comes GM GlobalDesign. is anewenergywithin Do youfeelit?There encore

message

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our customers. hearts and minds of that are capturing the beautiful, bold designs full-speed ahead with exhilarating as we drive For GM, the journey is the world. best vehicle designs in tion to produce the very bar for healthy competi of diversity raises the expectations. This level that go beyond customer contemporary vehicles we’re creating fresh, talented workforce, from this diverse, Using the best ideas Centers in nine countries. brands in 11 Design create vehicles for GM 1,400 creative people to the creativity of nearly organization harnesses worldwide, our Design mands of its customers anticipating – the de responding to – and To make sure GM is (See related article on page 4.) entiator for customers. become akey differ product all automakers, designhas With qualitylevels rising for ABOUT

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KEY www.gmfamilyfirst.com 1-800-235-4646 GM Family First www.gmbenefits.com 1-800-489-4646 Services Center GM Benefits & http://retiree.gm.com www.gm.com CONTENTS contacts 7 Crossovers segment. this important to offerhas in GM and what Here’s why – auto market. trendtoday’s in arethe hottest These vehicles 13 Hybrid Highway 8 Update Enrollment Health Care the world. products around deliver “hit” to designand its globalscope GM leverages energy diversity.energy call for greater the helps answer hybrid vehicles GM’s lineupof Diversity Designing for care care benefits. retiree health formation on in The latest 4

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Rapid GrowthinEmergingMarketsLeadstheWay Global Momentum own manufacturing, companies with their almost as independent markets. They operated focused on their home remain independent and Australia’s Holden to Germany’s and aged Britain’s Vauxhall, U.S. brands, we encour Much as we did with our ous parts of the world. ated differently in vari ny, historically we oper an international compa While GM has long been new forGM.Orisit? Going globalisnothing sales growth in emerging all-time record. Rapid ter of 2007, setting an sales in the second quar for 58 percent of global side the U.S. accounted working. GM’s sales out And our strategy is more global company. A leaner, more agile, The advantage? in this issue. team – which is featured group and one design system, one engineering tion, one manufacturing purchasing organiza So now we have one cess around the world. continued sales suc and positioned us for integrated key functions “global team” has organization. Our product development operates as one global Today, however, GM business processes. lack of common functions due to a within these key Missed opportunity The disadvantage? development operations. design and product purchasing, engineering,

------agile, moreglobalcompany. The advantage?Aleaner,more of vehicles in China. the number-one seller from this growth as positioned to benefit And GM is well- growth in recent years. of global vehicle sales for nearly 70 percent In fact, China accounts and Latin America. Russia, the Middle East including China, India, markets leads the way,

CORPORATE cess around the world. for continued sales suc positioned the company ed our key functions and global team has integrat vehicles are sold. GM’s regions where our ing presence in the a significant manufactur that we need to maintain perience have taught us Nearly 100 years of ex turnaround

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03 | encore | fall 07 PRODUCTadvantage PRODUCTadvantage

Designing for Diversity GM Designers Serve Global Marketplace

Time was when the quality, advanced tech- “Nearly every manufacturer today produces power and responsibil- nology and competitive vehicles with great quality, advanced ity of designing GM pricing, so design has technology and competitive pricing, so products rested primar- become the key differ- ily in the hands of a entiator,” said Bryan design has become the key differentiator.” single director. Trend- Nesbitt, vice president Bryan Nesbitt, vice president of Design for GM North America setting as their efforts of Design for GM North The 2007 Ward’s AutoWorld were, the designs of America. “Styling is the our resources and expertise in the reg- magazine “Interior of the visionary GM legends way to get your car or Year” award. such as Harley Earl truck to stand out in a ions,” he said, “which ultimately profits the and Bill Mitchell were crowded and very com- entire enterprise.” The Inside Story targeted mainly at an petitive marketplace, American market. which means design has In Warren, Mich., the Not only is GM driving Design Center at GM’s a return to excellence in Today’s auto business even greater strategic Technical Center is the exterior design, it is also is vastly more complex, value to this business.” hub of the company’s redoubling its efforts to as the automotive mar- To compete in this global design activities, create outstanding inter- ket has become global marketplace, Nesbitt ior design. says GM has adopted the location of major At the newly expanded and the customer base program reviews, and a global approach to GM Europe Design GM recently received eight increasingly diverse. houses North American awards in the 2007 Ward’s its design and product Center in Rüsselsheim, Products must appeal Design responsibilities. AutoWorld magazine “Inte- development process. Germany, vehicles for to discerning buyers Using the latest technol- rior of the Year” awards. The aim is to create the Opel, Vauxhall and who have many more ogy tools, design strate- cars and trucks that hit Saab brands are created. Winners included: Saturn choices than they did gies can be shared by the mark every time In Sweden, the Saab Aura, Popular-priced Cars even a decade ago. linking all the centers into in their respective seg- Brand Center in Pixbo category; Chevy Silverado, “Nearly every manufac- a single network, enabling ments around the world. brings a unique Scandi- Popular-priced Trucks turer today produces designers to hold real- “Thanks to the colla- navian perspective to category; and SRX, vehicles with great time design reviews. boration between our the process. Premium-priced CUV* cate- Global Design teams, GM Asia Pacific is home gory. Industry at-large win- The role of GM do Brasil we’re able to leverage to four design centers: ners included the Saturn Design continues to ex- Incheon, South Korea; Outlook, Popular-priced pand with a focus on CUV category; and Cadillac GM Holden in Port small cars and trucks Escalade, Premium-priced Melbourne, Australia; for the South American Trucks category. PATAC in Shanghai, China; and other markets. and GM’s new center in GM won in every category in Bangalore, India. GM’s four advanced which it was nominated.¶ design centers in *Crossover utility vehicle Warren; Los Angeles; Coventry, England; and Rüsselsheim, develop concept vehicles and new production de- signs for many brands and regions.¶

Comfort, safety and design harmony are top factors in a successful interior design. | fall 07 | fall | fall 07 | fall encore encore | |

04 05 06 competitorthe midsize segment. in style andcontentthan any other MalibuhasmoreThe 2008Chevy | encore | fall 07 excellent fueleconomy. interiorof space andflexibility with personality, Chevy’s offers HHR plenty A smallutilityvehicle withaunique PRODUCT advantage New CarAssessmentProgram. National HighwayTraffic Safety Administration’s crash ratings–thehighest ratingawardedbythe Since itslaunchin2006,HHRhasreceivedfive-star airy environment. provides increasedheadroomandcreatesanopen, of anupscalesedan.Thevehicle’shighroofline and cargoflexibilityofanSUVwiththecomfort The HHR’sinteriorcombinesthehighvisibility and a popular choice across all demographic groups. Chevy’s uniqueHHRhasbeenahitonthemarket Thanks tosuchinspiredstylingandflexibility, which arereminiscentofearlierCorvettes. bold bowtiegrillebadgeandroundtaillamps, carry unmistakablyChevyelements,suchasthe 1949 ChevySuburban.Otherexteriordesigncues high roofthatevokesthelookofinnovative The HHRisafour-doorcrossovervehiclewith HHRlookfamiliarsomehow? Sure, it’samodernvehicle,butdoesthe 2007 Chevrolet HHR Design-driven Turnaround New ChevyModelsareProofofGM’s Curb Appeal More Than Just • • • occupants before, during and after a crash, including: standard and available features that help protect The 2008 Malibu has a comprehensive roster of ship andselectuseofchrometrim. mized panelgaps,atightwheel-to-bodyrelation complemented withprecisedetails,includingmini the newfaceofChevrolet.Thedesignelementsare The Malibu’sdual-portgrilleischaracteristicof tailored design. performance andfueleconomywrappedinaclean, The new2008ChevroletMalibudeliversgreat has anewGMentry. The all-importantmidsizecarcategory 2008

Front seat-mountedthoraxprotectionairbags. Head curtainside-impactairbags Dual-stage frontalairbagswithGMPassenger Sensing System ¶

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2007 GMC Acadia GMC 2007 2008 Lexus RX 350, 2008 The Shiftto Crossovers It’s also attracting notice Enclave is quieter than a Only a few months after being hailed by industry have: road noise. Third- for something it doesn’t party testing shows the Enclave Crossover observers as a winner. 2008 Enclave is Acura MDX and 2008 its introduction, the Mercedes R-Class. Quiet Luxury: www.buick.com Buick’s New ¶

By 2010,GMwillhave14entriesinthe • • • • • • • • • GM currentlyoffersninecrossovers: more convenientcargoloading. them easiertostepintoandoffers prefer theirlowerstance,whichmakes four doorsandaliftgate.Consumers and versatilitygenerallyinclude Crossovers haveSUV-likestyling and GlobalPortfolioPlanning. vice president,GMNorthAmerica and minivans,”saidRonPniewski, of passengercars,sportutilityvehicles “Crossovers combine the best features suddenly indemand? are crossovers,andwhythey with U.S.consumers.Whatexactly Crossover vehicles are making inroads Car-like Attributes for UtilityVehicleswith Consumers ShowPreference Cadillac SRX GMC Acadia Saturn Vue Vibe Pontiac Torrent Chevrolet HHR Chevrolet Equinox Buick Enclave segment, whichwillpositionthecompany well for this expanding market. “ Portfolio Planning. GM North America and Global Ron Pniewski, vice president, to GM’s product portfolio,” said ues to grow, so does its importance As the crossover segment contin- 2007 Saturn hybridVue2007 Line Green PRODUCT

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07 | encore | fall 07 PRODUCTadvantage PRODUCTadvantage

GM’s advancements in electric propulsion systems have the potential of virtually eliminating trips to the gas station altogether – and greatly reducing

2008 Chevrolet Tahoe hybrid tailpipe emissions. Hybrid Highway

GM is taking hybrids further than ever, offering the broadest selection of hybrid cars and trucks in the industry. Chevrolet Volt concept GM’s hybrid strategy aims to improve fuel savings in two ways: Target the highest fuel- consuming vehicles first, while also offering Drive Congress to Get it Right different hybrid systems at various price levels to give more consumers a chance to benefit from this technology. Speak Up on CAFE In 2007, GM is introducing four new hybrid models. Two of GM’s most popular full-size Tired of dependence on SUVs, the GMC Yukon hybrid and the GM’s Energy Accomplishments in foreign oil? So are we. Chevrolet Tahoe hybrid, will be the first full- the Last 30 Years size hybrid SUVs offered by any automaker. However, there is a lot They maintain SUV-like power and capability, at stake as the U.S. • Doubled passenger car fleet fuel economy while delivering up to 40-percent improvement Congress considers • Increased light truck fleet fuel economy by in city fuel economy. sharp increases in 60 percent Corporate Average Fuel For sedans, Saturn’s Aura Green Line and all- Economy (CAFE) stan- • Offered more models than any other automaker new 2008 Chevrolet Malibu come equipped with that achieve 30 miles per gallon or more dards for vehicles. the GM Hybrid System, improving fuel economy on the highway For the past 30 years by about 20 percent. • Sold two million vehicles that can run on E85 GM has been – and In 2008, GM will offer four more hybrids – a ethanol – one solution to truly displace gasoline continues to be – fully total of eight – on its high-volume cars, trucks dedicated to improving • Offered four retail hybrid models, increasing and SUVs, and will deliver these vehicles with vehicle fuel economy portfolio to eight in 2008 no compromises in performance.¶ and contributing to • Developed plan for extended-range electric and a broader solution to fuel cell vehicles based on Chevrolet Volt concept address energy security and climate change. In fact, during this cars and trucks and As Congress debates time, we have made preserve jobs and CAFE, GM is not stand- significant accom- America’s manufac- ing still. Because the plishments (see chart). turing competitiveness. livelihood of millions The proposed CAFE GM is committed to of autoworkers, retir- increases – which could improving vehicle fuel ees and their families cost more than $114 bil- economy performance depend on us, it’s lion by some estimates consistent with the important that Con- 2007 – would constitute the needs of our customers. gress gets it right. We Green Line hybrid single largest regulatory However, we believe urge you to help us burden ever imposed on Congress can enact and contact your an industry. Congress energy legislation that representative and must set realistic CAFE helps the country with- senators to deliver this | fall 07 | fall

increases that recognize out hurting America’s message personally.¶ 07 | fall the difference between auto industry. www.GMTakeAction

encore Now.com

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08 09 10 | encore | fall 07 Americans Don Robins (center)the AWIM FAMILY America Engineering(right). “Rookiethe of Year” award individuals who are Scientific supporter of AWIM or Jaclyn McQuaid at AWIM are encour- 1990. GM retiree GM chairmanandCEO since it began in (586) 492-2524 clubs, groups or with Ed Koerner, vice agedto contact jaclyn.mcquaid participating in president GMNorth GM has been a First interested in (left) presented Rick Wagoner, @gm.com The

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www.awim.org nation’s technical expertise. sion for helping kids and a belief in supporting our for AWIM, all that volunteers really require is a pas According to Jaclyn McQuaid, GM program manager science methods. students in solving problems by applying physical go into elementary and middle schools to assist Robins. Volunteers receive training by the SAE, then AWIM volunteers don’t have to be engineers, says Wagoner, who heads AWIM’s Executive Committee. presented to him by GM Chairman and CEO Rick as AWIM’s “Rookie of the Year.” The award was Arizona schools earned him recognition last April Robins’ role in swiftly bringing the program to still contribute.” day, so I was interested in finding some way I could as I love to play golf, I don’t want to do that every activity while I was working,” “As muchRobins said. “I was always involved in some kind of volunteer Club of Arizona. November, along with members of the GM Retiree Mich., got involved with the AWIM program last who retired from GM Truck Engineering in Pontiac, effort are coming from the GM retiree ranks. Robins, Many of the volunteers that are so crucial to the Engineers (SAE). program sponsored by the Society of Automotive science through of volunteers helping to build interest in math and a retired GM engineer, is one of a growing number the torch to a new generation of engineers. Robins, national science educational effort is like passing As Don Robins sees it, being a volunteer for a in Arizona. Don Robins (center) mentors 7thgraders amiddleschool at to lifeand science principles the classroom. in GMretiree AWIMteachers, joins students andvolunteersto bringmath A World in Motion ¶ (AWIM), a science -

[email protected] (269) 664-3388 Salaried Retirees Kalamazoo, Mich. [email protected] (727) 862-9962 Hourly &Salaried Richey,New Port Fla. [email protected] (727) 446-9551 Hourly &Salaried Clearwater, Fla. Retiree clubsinthefollowinglocationsarewelcoming newmembers: GM Retiree ClubsSeekMembers The GoodCause

Fall Campaign:

the environment. crisis, andimproving lies andindividualsin research, assistingfami poor, fundingmedical feeding andclothingthe communities, including improvements intheir support awiderangeof the UnitedWaytohelp ously contributedto retirees havegener GM employeesand For morethan50years, which weworkandlive. of thecommunitiesin ues tobeavitalpart General Motorscontin [email protected] (614) 777-8345 Salaried Retirees Columbus, Ohio (505) 294-9848 Salaried Retirees N. Mex. Albuquerque, [email protected] (919) 550-5719 Salaried Retirees Raleigh, N.C.

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http://retiree.gm.com the UnitedWaylinkat publication, orclickon back coverofthis donation formonthe Retirees canusethe United Waythisfall. consider supportingthe current contributorsto spouses whoarenot retirees andsurviving tion andisaskingits ing onthisgreattradi GM hopestokeepbuild Way-supported agency. is helpedbyaUnited Americans, onaverage, worthy: oneinfour The causeisclearly totaled nearly $15 million. employees and retirees butions from GM, its In 2006 alone, contri (608) 752-5271 Salaried Retirees Janesville, Wis. [email protected] (817) 468-1288 Salaried Retirees Arlington, Tex. (360) 546-1330 Salaried Retirees Portland, Oreg. CLUB

news

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11 | encore | fall 07 YOURhealth YOURhealth The Power of Prevention Now, More Than Ever, it’s Time to Step Up Efforts to Prevent Chronic Disease

In recent years, we all “There is a great con- • Five chronic diseases – have become increas- nection between these heart disease, can- ingly aware of the illness chronic diseases and cer, stroke, chronic and death caused by lifestyle choices, such as obstructive pulmo- Salaried Health Care 2008 chronic diseases such as tobacco use, poor diet nary disease (e.g., Retiree Cap Dependent Health Care cancer, diabetes, heart and lack of exercise,” said asthma, bronchitis, disease, stroke and Dr. Joel Bender, GM cor- emphysema) and Update Eligibility Enrollment obesity. Medical profes- porate medical director. diabetes – cause Prior to the start of Audit October 30 sionals say the United Hard facts show the more than two- States currently is in thirds of all deaths 2008, GM will deter- through health crisis that chronic mine if its projected This fall, as part of GM’s the midst of a chronic diseases have created in each year. ongoing efforts to con- November 16 disease epidemic. health care spending for the U.S.: The good news is that eligible salaried retirees, tain rising health care costs, GM will conduct The 2008 Health Care This epidemic is fueled • More than 1.7 million chronic diseases are surviving spouses and a confidential eligibil- Enrollment period for by both the aging U.S. Americans die of a among the most pre- their dependents will ity audit of all salaried salaried retirees and population and poor chronic disease each ventable health prob- exceed the established retiree dependents, surviving spouses is set lifestyle choices that year, accounting for lems. Regular preven- limit from 2006. including spouses. for October 30 through Americans continue about 70 percent of tive medical care can to make. greatly reduce the risk At the time this issue November 16, 2007. all U.S. deaths. of GM Encore was If you currently have of chronic conditions, covered dependents During this time, enroll- and adopting a health- published, an accurate ees can make changes projection for 2008 under the GM Salaried ier lifestyle can add Health Care Program, to their benefits for the years to your life. had not yet been deter- coming year. Enrollees mined. However, when you will receive by mail “Good nutrition and a packet with instruc- will receive a personal- the projection is made, ized Health Care Enroll- regular exercise really health care program tions that you will do matter,” added need to follow to verify ment package in the changes may be neces- mail in late October.¶ Dr. Bender. “Making sary if the projected their eligibility. smart lifestyle amount exceeds the Please follow the choices, educating established limit. instructions carefully yourself and actively to ensure your eligible participating in Changes to the program may include, but are family members receive Cost of your medical deci- the coverage they need. sions are the first not limited to, higher Cost of Preventive steps to living a monthly contributions, This audit will be in addi- deductibles, copayments tion to the normal fall Treatment for Care in the healthy life.”¶ and out-of-pocket maxi- health care enrollment.¶ Chronic Disease Doctor’s For more infor- Health Office* mums. Plan changes that Wasn’t mation, visit may also affect medical, Problem Prevented www.ahrq.gov/ dental, vision and pre- $100 ppip/adguide/ scription drug benefits. intro.htm. $30,000+ EKG Details on the salaried Cardio- (Emergency surgical retiree cap will be pro- procedure) vascular $150 vided later this year Disease - during open enrollment.¶ Mammo The Summary Annual $15,000+ gram (Emergency surgical Reports for GM employee Breast procedure) benefit plans are Cancer $60 included in thisGM packageEncore. $20,000+ PSA Test with your Prostate (Radiation and androgen therapy) Cancer fall 07 fall fall 07 fall | |

* Varies greatly for different cities and options. encore encore | |

12 13 FAMILYFirst ENCOREtidbits Drive Less, Pay Less Hot Stuff GM Interior Design team mem- GMAC Program Helps Low-mileage Drivers bers include gifted creators from Save on Auto Insurance architecture, fashion, ceramics, graphics, product, interior and even tattoo design to share A new program by GMAC Insurance and OnStar expertise, new approaches allows those who drive less to pay less on their and new perspectives. auto insurance. The GMAC Low-mileage Discount program is the first of its kind, leveraging state-of-the-art tech- nology from OnStar to allow customers who drive fewer miles to benefit from substantial savings. With a subscriber’s permission, the odometer reading from his or her monthly OnStar Vehicle Diag- nostics e-mail is forwarded to GMAC Insurance. The Power of Color Based on those readings, the com- of customers will leave pany will decrease their premiums a dealership and go to using discount tiers correspond- 39% another brand if they ing to miles driven. There is no can’t get the color they want. additional reporting, downloading What’s the number-one global or monitoring required, and no seller? Silver – and it has been for additional data is gathered or over a decade. used for any purpose other than to help manage trans- What’s the new color trend? portation costs. Oranges and browns – perhaps influ- enced by the explosion of coffee shops. Eligible OnStar subscribers need only to sign up to save as GM monitors color trends in other Click on Clips much as 54 percent on their industries and adds 22 new colors each year. GM news clips, a premiums if they drive less compilation of news than 15,000 miles annually. Did you articles about GM and Under the program, new customers receive the auto industry, are an automatic 11-percent discount, as well as the know? now available online to Odometer readings GMAC Insurance OnStar Subscriber Discount, # A J.D. Power and retirees. Log on to from monthly OnStar upon enrollment, while existing customers receive Associates study www.gmfamilyfirst.com Vehicle Diagnostics showed interior and select GM Daily reports can be e-mailed a discount based on historical mileage. comfort is the News Digest. to GMAC Insurance. “Customers who drive less should pay less, and second most Customers who drive this program allows customers to use technology important factor fewer miles pay already in their vehicles to give them the discounts 2 in choosing lower premiums. they deserve,” said Gary Kusumi, president and a vehicle. CEO, GMAC Insurance. “Giving consumers the power of cost control is a welcome advance, especially as people manage their transportation How Americans Spend HOUSING costs more closely in the midst of fluctuating 21.6% gas prices.” Their Money $11,761 GROCERIES The GMAC Low-mileage Discount program is The average American household income before taxes is $54,453. 7.7% currently offered in 34 states. To find out if $4,193 yours is one of them, or to locate a local inde- Here are some of the top annual UTILITIES pendent agent, call 1-800-GMAC-123 or visit expenses. 5.8% www.gmfamilyfirst.com.¶ $3,648 DINING OUT FACT: Americans spend 3.1% ($1,688) 5.6% $3,049 annually on health insurance, nearly 07 fall fall 07 fall |

| half as much as they do dining out. HEALTH INSURANCE 3.1% Source: U.S. Bureau of Labor Statistics $1,688 encore | encore |

14 15 Salaried Summary Annual Reports FOR RETIRED SALARIED EMPLOYEES AND SURVIVING SPOUSES

of 195,710 persons were participants in Dear General Motors or beneficiaries of the plan at the end of Benefit Plan Participant: the plan year, although not all of these persons had yet earned the right to Once each year, in keeping with applicable receive benefits. provisions of the Employee Retirement The value of plan assets, after Income Security Act (ERISA), you are pro- subtracting liabilities of the plan, was vided with certain financial data with $32,141,543,733 as of September 30, respect to each of the GM employee bene- 2006, compared to $30,537,696,261 as fit plans in which you may be a participant. of October 1, 2005. During the plan year Attached are the “Summary Annual the plan experienced an increase in its net Reports” that contain financial data for assets of $1,603,847,472. This increase the GM Retirement Program for Salaried includes unrealized appreciation and depreciation in the value of plan assets; Employees and the GM Savings-Stock that is, the difference between the value Purchase Program for Salaried Employees, of the plan’s assets at the end of the for the most recent plan year. The year and the value of the assets at the attached data is provided for your infor- beginning of the year or the cost of assets mation only. This information does not acquired during the year. The plan had impact any GM benefit entitlement you total income of $3,940,831,549 including may have, and it does not require you to employee contributions of $19,017,846, take any action. Summary Annual Reports and earnings from investments of for other employee benefit plans will be $3,921,813,703. published as they become available. Minimum Funding Standards General Motors Corporation An actuary’s statement shows that enough money was contributed to the plan to keep it funded in accordance with the minimum funding standards of ERISA. SUMMARY ANNUAL REPORT FOR GENERAL MOTORS RETIREMENT PROGRAM FOR SALARIED EMPLOYEES This is a summary of the annual report for the General Motors Retirement Program SUMMARY ANNUAL REPORT FOR for Salaried Employees, EIN 38-0572515, GENERAL MOTORS SAVINGS-STOCK Plan No. 001, for period October 1, 2005, PURCHASE PROGRAM FOR through September 30, 2006. The annual SALARIED EMPLOYEES report has been filed with the Employee Benefits Security Administration, U.S. This is a summary of the annual report Department of Labor, as required under for the General Motors Savings-Stock the Employee Retirement Income Security Purchase Program for Salaried Act of 1974 (ERISA). Employees, EIN 38-0572515, Plan No. 002, for period January 1, 2006, Basic Financial Statement through December 31, 2006. The Benefits under the plan are provided annual report has been filed with through a trust fund. Plan expenses were the Employee Benefits Security $2,337,001,931. These expenses included Administration, U.S. Department of $121,816,670 in administrative expenses Labor, as required under the Employee and $2,215,185,261 in benefits paid to Retirement Income Security Act of participants and beneficiaries. A total 1974 (ERISA). (continued on back) 15 SUMMARY ANNUAL REPORTS FOR GM SALARIED RETIREES (continued from front)

Basic Financial Statement Benefits under the plan are provided the plan experienced an increase in its through a trust fund. Plan expenses were net assets of $601,497,850. This increase $1,607,493,001, which were benefits paid includes unrealized appreciation and to participants and beneficiaries. depreciation in the value of plan assets; that is, the difference between the value A total of 91,855 persons were of the plan’s assets at the end of the participants in or beneficiaries of the plan year and the value of the assets at the at the end of the plan year, although not beginning of the year or the cost of assets all of these persons had yet earned the acquired during the year. The plan had right to receive benefits. total income of $2,215,874,554 including The value of plan assets, after employer contributions of $11,630,303, subtracting liabilities of the plan, was employee contributions of $348,368,552 $12,148,397,570 as of December 31, and earnings from investments of 2006, compared to $11,546,899,720 as $1,855,876,692. of January 1, 2006. During the plan year

YOUR RIGHTS TO ADDITIONAL INFORMATION

You have the right to receive a copy of You also have the right to receive from the full annual report, or any part thereof, the plan administrator, on request and at on request. The items listed below are no charge, a statement of the assets and included in that report: liabilities of the plan and accompanying notes, or a statement of income and 1. an accountant’s report; expenses of the plan and accompanying 2. financial information and informa- notes, or both. If you request a copy tion on payments to service providers; of the full annual report from the plan 3. assets held for investment; administrator, these two statements and 4. transactions in excess of five percent accompanying notes will be included as of plan assets; part of that report. The charge to cover 5. insurance information, including sales copying costs given above does not commissions paid by insurance carriers; include a charge for the copying of these portions of the report because these 6. information regarding any common portions are furnished without charge. or collective trusts, pooled separate accounts, master trusts or 103-12 You also have the legally protected right investment entities in which the to examine the annual report at the main plan participates; and office of the plan (General Motors Corporation, 300 Renaissance Center, 7. actuarial information regarding the P.O. Box 300, Mail Code 482-C26-A68, funding of the plan. Detroit, MI 48265-3000) and at the U.S. To obtain a copy of the full annual report, Department of Labor in Washington, or any part thereof, write or call the GM D.C., or to obtain a copy from the Benefits & Services Center, P.O. Box 770003, U.S. Department of Labor upon pay- Cincinnati, OH 45277-0077, 1-800-489-4646. ment of copying costs. Requests to The charge to cover copying costs will be the Department should be addressed 25 cents per page. to: Public Disclosure Room, Room $ 16.50 for the Retirement Program N1513, Employee Benefits Security Administration, U.S. Department of $ 3.00 for the Savings-Stock Labor, 200 Constitution Avenue, N.W., Purchase Program Washington, D.C. 20210.