General Motors Company 300 Renaissance Center P.O. Box 300 Detroit, MI 48265-3000 Co Motors General This is www.gm.com the New GM. M pany 2010 a nnual nnual r eport General Motors Company 2010 Annual Report General Information about the Cover: Featured on the cover is the Chevrolet Volt, the 2011 North American Car of the Year and Motor Trend Car of the Year. Common stock For other information, stockholders visit GM on the Internet GM common stock, $0.01 par value, is may contact: Learn more about the new General Motors listed on the New York Stock Exchange GM Stockholder Services vehicles and services on our website and the Toronto Stock Exchange. General Motors Company at www.gm.com. Mail Code 482-C25-A36 Ticker symbol: 300 Renaissance Center GM Customer assistance Centers GM - New York Stock Exchange P.O. 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Saab: 800-955-9007 securities and Institutional Saturn: 800-553-6000 stockholder assistance analyst Queries Stockholders of record requiring informa- GM Investor Relations GM of Canada: 800-263-3777 tion about their accounts should contact: General Motors Company GM Mobility: 800-323-9935 Computershare Trust Company, N.A. Mail Code 482-C29-D36 General Motors Company 300 Renaissance Center other products and services P.O. Box 43078 P.O. Box 300 GM Card: 800-846-2273 Providence, RI 02940-3078 Detroit, MI 48265-3000 OnStar: 888-667-8277 313-667-1669 888-887-8945 or 781-575-3334 principal office (from outside the United States, available publications General Motors Company Canada or Puerto Rico). GM’s current Annual Report, Proxy 300 Renaissance Center Statement, Forms 10-K and 10-Q P.O. Box 300 Computershare representatives are and Winning With Integrity (code Detroit, MI 48265-3000 available Monday through Friday of ethics) are available online at 313-556-5000 from 9 a.m. to 6 p.m. ET. Automated www.gm.com/investors. phone service (888-887-8945) and the Computershare website at Print copies may be requested www.computershare.com/gm are on our website or from GM Stockholder always available. Services at the address listed above. Printed in U.S.A. C 10% post-consumer waste paper. Please recycle. We are Building a New General Motors. We have a new vision and business model to bring it to life, supported by a healthy balance sheet. We have a new team, focused on delivering results. We have the number-one market share in the world’s highest-growth markets. We have the breakthrough new technology of the Volt as evidence of what we can do. And we’re just getting started. General Motors Company 2010 Annual Report 1 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 The strength of the new GM: New Business a new business model centered on our Model vision of designing, building and selling the world’s best vehicles; a leader’s leverage to economic growth in key Leverage Global Growth mature and emerging markets worldwide; and a new balance sheet with a signifi - cantly improved risk profi le. Signifi cantly Lower Risk Profi le GM brands captured both of the prestigious Motor Trend BRiGHTeninG FinAnCiAl PiCTURe Car and Truck of the Year awards since Buick and Chevrolet We were pleased to achieve profi tability in our fi rst full captured both awards in 1979. year as a new company, with 2010 net income attributable to common stockholders of $4.7 billion on revenue of And across the globe, other GM vehicles are gaining similar $135.6 billion. We achieved earnings per share of $2.89 acclaim for design excellence, quality and performance, on a fully diluted basis. including the Holden Commodore in Australia, Chevrolet Agile in Brazil, Buick laCrosse in China and many others. “our 2010 progress We also acquired AmeriCredit to form GM Financial, is early evidence expanding the fi nancing options for customers in the United states and Canada who want to buy or lease of a new business new GM vehicles. model that begins and ends with great vehicles.” We lowered our cost base and restructured operations in north America to achieve a break-even level near the bottom of the economic cycle. Despite depressed industry GM recorded adjusted eBiT of $7 billion and positive conditions, GM posted $5.7 billion of earnings before automotive free cash fl ow of $2.4 billion in 2010. excluding interest and taxes (eBiT) in north America. We signifi cantly a $4 billion discretionary contribution to the U.s. pension improved our balance sheet, reduced debt by more than plans, free cash fl ow would have been $6.4 billion for $11 billion and improved the funding level of our U.s. the year. pension plans with a $4 billion cash contribution. At the same time, we maintained our strong liquidity position The company’s progress is early evidence of a new through positive cash fl ow and a new $5 billion revolving business model that begins and ends with great vehicles. line of credit. We are leveraging our global resources and scale to maintain stringent cost management while taking in november we completed a landmark $23 billion public advantage of growth and revenue opportunities around off ering, the largest in history, allowing the U.s. and the world, to ultimately deliver sustainable results for Canadian governments to reduce their ownership stakes all of our stakeholders. in the company. The successful off ering was an important vote of confi dence for the progress and potential of the new General Motors. General Motors Company 2010 Annual Report 3 The 2011 north American and Motor Trend Car of the Year Chevrolet Volt performs on the road and for the environment. After a groundbreaking development process, GM launched the Chevrolet Volt electric vehicle with extended-range capability in November 2010. The vehicle underscores GM’s commitment to technology leadership, while positively shaping perceptions about electric vehicles. Thanks to strong customer interest, GM has expanded its initial seven-state rollout plan, and the Volt will be available nationwide in the United States by the end of 2011.