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Dear Fellow Stakeholders: Daniel F. Akerson Chairman & Chief Executive Officer On November 18, 2010, the General Motors team, along India and China (the BRIC countries) during the year, with with our United Auto Workers partners, experienced a particularly strong performance in China, where GM and something special as we stood together on the balcony our partners delivered 2.4 million cars and trucks. Mean- of the storied New York Stock Exchange. As we rang the while, we continued the aggressive implementation of our opening bell to the unmistakable sound of a Chevy restructuring plan in Europe to position our business to Camaro engine at full throttle, we knew we were doing operate at a lower break-even level. much more than just starting a new trading day. We were revving up Wall Street, and setting the pace for our company—the new General Motors. “Our plan is to steadily invest in creating world-class vehicles, which We truly are building a new GM, from the inside out. Our vision is clear: to design, build and sell the world’s will continuously drive our cycle of best vehicles, and we have a new business model to bring great design, high quality and that vision to life. We have a lower cost structure, a higher profitability.” stronger balance sheet and a dramatically lower risk profile. We have a new leadership team—a strong mix of executive talent from outside the industry and automotive In the United States, GM saw robust sales across all of veterans—and a passionate, rejuvenated workforce. our brands—Cadillac, Chevrolet, Buick and GMC—thanks to an exciting lineup of vehicles that have captured the Entering the public equity market capped a year of historic imagination of customers and critics alike, epitomized change. And yet, at that moment on the NYSE balcony, by the launch of the Chevrolet Volt—the groundbreaking for us and for our employees around the world, it was extended-range electric vehicle. GM vehicles won crystal clear—our work was just beginning. numerous awards throughout the year, led by the Volt, which ran the table with the North American Car of the A strong foundation Year, Automobile Magazine’s Automobile of the Year, GM made important operational and financial progress Green Car of the Year, a Car and Driver 10 Best Award in 2010, and set a strong foundation to build upon for and Motor Trend Car of the Year. the future. Continuing that progress, we kicked off 2011 with another GM, with its joint venture partners, maintained its leading big win with the Chevrolet Silverado HD winning the top market position in the key growth markets of Brazil, Russia, honor as Motor Trend Truck of the Year. It was the first time 2 General Motors Company 2010 Annual Report.