Tengzhong in Advanced Talks to Purchase HUMMER From GM in Strategic
Acquisition

  PR Newswire

  DETROIT and SICHUAN, China, June 2

Industrial Machinery Company To Invest in Growth and Global Expansion of
Premium Off-Road Vehicle Brand; Deal is Expected to Secure Over 3,000 U.S.
Jobs

DETROIT and SICHUAN, China, June 2 /PRNewswire/ -- Sichuan Tengzhong Heavy
Industrial Machinery Co., Ltd (Tengzhong) and General Motors Corp. (GM), today
confirmed details of their proposed transaction, pursuant to which, Tengzhong,
a major industrial machinery group, will acquire the rights to the premium
off-road HUMMER brand, along with a senior management and operational team. It
will also assume existing dealer agreements relating to HUMMER's dealership
network. It is contemplated that Tengzhong will, as part of the transaction,
enter into a long-term contract assembly and key component and material supply
agreement with GM. In an earlier statement, GM said it expects the deal if
successful to secure more than 3,000 U.S. jobs. The final terms of the deal
are subject to final negotiations.

Based in the Chinese province of Sichuan, Tengzhong is a privately-owned
company and a leading domestic manufacturer of road, construction and energy
industry equipment. It will expand into the premium off-road vehicle segment
through what will be a strategic acquisition for Tengzhong and a catalyst for
HUMMER's growth in the U.S. and around the world.

"The HUMMER brand is synonymous with adventure, freedom and exhilaration, and
we plan to continue that heritage by investing in the business, allowing
HUMMER to innovate and grow in exciting new ways under the leadership and
continuity of its current management team," said Yang Yi, CEO of Tengzhong.
Mr. Yang continued, "We will be investing in the HUMMER brand and its research
and development capabilities, which will allow HUMMER to better meet demand
for new products such as more fuel-efficient vehicles in the U.S."

HUMMER will continue to maintain its headquarters and operations in the U.S.,
and will continue to be managed by its existing leadership team. The team
intends to expand HUMMER's dealer network worldwide, particularly into new and
underserved markets such as China.

"Today HUMMER is a globally recognized brand with excellent growth prospects,
both in terms of new markets and new products for our existing markets," said
James Taylor, HUMMER chief executive officer. "With Tengzhong's investment and
strong support, we will be able to make our visions a reality. This
transaction, if successful, will secure more than 3,000 U.S. jobs, and allow
us to embark on a more aggressive global expansion, ensuring a successful
future with our new partners."

The transaction is expected to close in the third quarter of this year and is
subject to customary closing conditions and regulatory approvals. Financial
terms of the agreement will not be disclosed at this time.

Credit Suisse is acting as exclusive financial advisor and Shearman & Sterling
is acting as international legal counsel to Tengzhong on this transaction.
Citi is acting as financial advisor to GM.

About GM

General Motors Corp. (GM), one of the world's largest automakers, was founded
in 1908, and today manufactures cars and trucks in 34 countries. With its
global headquarters in Detroit, GM employs 235,000 people in every major
region of the world, and sells and services vehicles in some 140 countries. In
2008, GM sold 8.35 million cars and trucks globally under the following
brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel,
Pontiac, Saab, Saturn, Vauxhall and Wuling. GM's largest national market is
the United States, followed by China, Brazil, the United Kingdom, Canada,
Russia and Germany. GM's OnStar subsidiary is the industry leader in vehicle
safety, security and information services. More information on GM can be found
at www.gm.com.

About Tengzhong

Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd. ("Tengzhong") is one of
China's major privately owned engineering companies. Tengzhong is a
manufacturer of heavy machinery equipment with a presence in special-use
vehicles, road and bridge construction equipment and construction and energy
industry equipment.

Since its establishment, Tengzhong has quickly become a major manufacturer of
machinery and construction components through a series of successful
acquisitions. Tengzhong prides itself on its automated manufacturing
equipment, its processing systems, significant research and development
initiatives and commitment to innovation.

Forward-Looking Statements

This press release contains forward-looking statements. All statements
contained in this press release that are not clearly historical in nature or
that necessarily depend on future events are forward-looking, and the words
"anticipate," "believe," "expect," "estimate," "plan," and similar expressions
are generally intended to identify forward-looking statements. These
statements are based on current expectations, estimates and projections of
GM's and Tengzhong's management and currently available information. They are
not guarantees of future performance, and investors are cautioned that all
forward-looking statements involve certain risks and uncertainties that are
difficult to predict and are based upon assumptions as to future events that
may not prove to be accurate. Many factors could cause the actual results,
performance or achievements of GM and Tengzhong to be materially different
from those that may be expressed or implied by such statements, including but
not limited to those discussed in GM's Annual Report on Form 10-K for the year
ended December 31, 2008, as amended, and other filings with the SEC. Although
GM and Tengzhong believe the assumptions underlying the forward-looking
statements contained herein are reasonable, there can be no assurance that the
forward-looking statements included in this press release will prove to be
accurate.

    Contacts
    Brunswick Group Limited - Tengzhong

    China and Hong Kong
    Tim Payne                              Zhao Tong
    +852 3512-5066 (o)                     +852 3512-5088 (o)
    +852 6104-6266 (c)                     +852 9011-8258 (c)
    tpayne@brunswickgroup.com              tzhao@brunswickgroup.com

    U.S.
    Christina Stenson                      Monika Driscoll
    +1 212-333-3810 (o)                    +1 212-333-3810 (o)
    +1 646-361-7706 (c)                    +1 917-293-2483 (c)
    cstenson@brunswickgroup.com            mdriscoll@brunswickgroup.com

    U.K.
    Tim Burt
    +44 20-7396-7497 (o)
    +44 7834-502-497 (c)
    tburt@brunswickgroup.com

    John McDonald
    GM Communications
    313-667-3714 (o)
    313-418-2139 (c)
    John.m.mcdonald@gm.com

    Nick Richards
    HUMMER Communications
    313-665-9292 (o)
    313-720-9541 (c)
    Nick.Richards@gm.com

SOURCE Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd; General Motors
Corp.

Website: http://www.gm.com
Contact: China and Hong Kong: Tim Payne, +852 3512-5066 (o), +852 6104-6266
(c), or tpayne@brunswickgroup.com, or Zhao Tong, +852 3512-5088 (o), +852
9011-8258 (c), or tzhao@brunswickgroup.com, or U.S.: Christina Stenson,
+1-212-333-3810 (o), +1-646-361-7706 (c) cstenson@brunswickgroup.com, or
Monika Driscoll, +1-212-333-3810 (o), +1-917-293-2483 (c),
mdriscoll@brunswickgroup.com, or U.K.: Tim Burt, +44 20-7396-7497 (o), +44
7834-502-497 (c), tburt@brunswickgroup.com; John McDonald, GM Communications,
+1-313-667-3714 (o), +1-313-418-2139 (c), or John.m.mcdonald@gm.com ; Nick
Richards, HUMMER Communications, +1-313-665-9292 (o), +1-313-720-9541 (c), or
Nick.Richards@gm.com