GM and PSA Peugeot Citroën Provide Further Details of their Global Strategic Alliance

  GM and PSA Peugeot Citroën Provide Further Details of their Global Strategic
  Alliance

Business Wire

DETROIT, Mich. & PARIS -- January 24, 2013

Regulatory News :

Steve Girsky, GM Vice Chairman, and Philippe Varin, Chairman of the PSA
Peugeot Citroën (Paris:UG) Managing Board, responded to questions from
journalists during a meeting organized at the Maison de l'Automobile in
Brussels today.

The meeting offered an opportunity to discuss in detail the progress made by
the two partners in their global strategic alliance announced on 29 February
2012.

As indicated by both groups on December 20, 2012, the final agreements
concerning purchasing, logistics and the development of common vehicle
projects were signed in line with the initially announced schedule.

Balance in joint product development

Tasks and responsibilities with respect to the joint product development
programs have been fairly and evenly distributed, in a commitment to enabling
both partners to gain maximum advantage from the collaborative venture:

  *The C-segment multi-purpose vehicle for Opel/Vauxhall, the C-segment
    crossover utility vehicle for the Peugeot brand and the B-segment
    multi-purpose vehicles for both carmakers will be developed on PSA Peugeot
    Citroën platforms.
  *GM will lead the development of B-segment multi-purpose vehicles for both
    Groups.
  *The updated B-segment platform for low emission vehicles, designed for the
    new generation of Opel/Vauxhall and PSA Peugeot Citroën cars in Europe and
    beyond, will be co-developed by both partners.

Joint purchasing organisation in Europe

Both companies had also signed a definitive agreement related to Purchasing.
All relevant regulatory approvals were received in the meantime and the joint
purchasing organization (“JPO”) will become operational shortly. In the
transition phase leading up to the start-up of the JPO a GM executive will be
appointed as an implementation executive in charge of putting the structures
of the joint purchasing organization into place. After a maximum of one year
the implementation Executive will be replaced by a Vice President Purchasing
and a Deputy Vice President Purchasing – one from each company on a revolving
basis.

Further Global Initiatives

GM and PSA Peugeot Citroën also confirmed their intention to develop new
global projects to broaden their alliance and seize new opportunities. In this
regard, they are exploring opportunities in growth markets including Latin
America and Russia, which represent priority regions for both Groups,

In addition, the two Groups are aiming to jointly develop a new generation of
small, fuel-efficient, high performance three-cylinder petrol engines, derived
from PSA Peugeot Citroën's EB line of small petrol engines.

About General Motors
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30
countries, and the company has leadership positions in the world's largest and
fastest-growing automotive markets. GM’s brands include Chevrolet and
Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Daewoo, Jiefang, Opel,
Vauxhall and Wuling. More information on the company and its subsidiaries,
including OnStar, a global leader in vehicle safety, security and information
services, can be found at http://www.gm.com.

About PSA Peugeot Citroën
With its two world-renowned brands, Peugeot and Citroën, PSA Peugeot Citroën
sold 2.9 million vehicles worldwide in 2012, of which 38% outside Europe. The
second largest carmaker in Europe, PSA Peugeot Citroën has sales operations in
160 countries. PSA Peugeot Citroën is also involved in financing activities
(Banque PSA Finance) and automotive equipment (Faurecia).
For more information, please visit www.psa-peugeot-citroen.com

Contact:

Stefan Weinmann + 49 (0) 175 - 2289453
GM Europe / Opel Communications
stefan.weinmann@de.opel.com
or
Jean-Baptiste Thomas +33678 1584 59
PSA Peugeot Citroën
Jean-baptiste.thomas@mpsa.com
or
Jean-Baptiste Mounier +33668 43 19 00
PSA Peugeot Citroën
jeanbaptiste.mounier@mpsa.com