8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549-1004

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) November 7, 2007

GENERAL MOTORS CORPORATION

(Exact Name of Registrant as Specified in its Charter)

DELAWARE	38-0572515
(State or other jurisdiction of incorporation)	(I.R.S. Employer Identification No.)
300 Renaissance Center, Detroit, Michigan (Address of Principal Executive Offices)	48265-3000 (Zip Code)

(313) 556-5000
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17-CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

INDEX TO EXHIBITS

News Release Dated November 7, 2007 and Financial Statements

Charts Furnished to Securities Analysts

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITIONS

On November 7, 2007, a news release was issued on the subject of third quarter 2007 consolidated earnings for General Motors Corporation (GM). The news release did not include certain financial statements, related footnotes and certain other financial information that will be filed with the Securities and Exchange Commission as part of GM’s Quarterly Report on Form 10-Q. The news release and financial statements are incorporated as Exhibit 99.1.

Charts furnished to securities analysts in connection with GM’s third quarter 2007 earnings release are attached as Exhibit 99.2.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

EXHIBITS

Exhibits	Description	Method of Filing
Exhibit 99.1	News Release Dated November 7, 2007 and Financial Statements	Attached as Exhibit
Exhibit 99.2	Charts Furnished to Securities Analysts	Attached as Exhibit

*  *  *  *  *  *

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	GENERAL MOTORS CORPORATION                     (Registrant)
Date: November 7, 2007	By:	/s/ NICK S. CYPRUS
		(Nick S. Cyprus,
		Controller and Chief Accounting Officer)

EX-99.1

Exhibit 99.1

News

For Release:
November 7, 2007, 7:00 a.m. EST

GM Reports Third Quarter Financial Results

Record third quarter automotive revenue of $43.1 billion
Improved automotive operations on continued strength in emerging markets
Ongoing challenges in U.S. mortgage market adversely impact GM income from GMAC
$39 billion reported loss driven by $39 billion valuation allowance on deferred tax assets
Improved liquidity position of $30 billion

DETROIT – General Motors Corp. (NYSE: GM) today announced its financial results for the third quarter of 2007, marked by record global sales, further improvement in its core automotive business driven by solid financial performance in key growth markets around the world and improved liquidity.

“We continue to implement the key elements of our North America turnaround strategy, and these initiatives are driving steady improvement in our financial results, despite challenging North America market conditions. In addition, we are very encouraged by our performance in emerging markets. Our record third quarter global sales are strong evidence that our commitment to great cars and trucks is being embraced by consumers around the globe.” said Rick Wagoner, GM chairman and chief executive officer.

The company’s improved performance in its automotive operations was more than offset by special charges of $37.4 billion related largely to a previously announced valuation allowance against its deferred tax assets, as well as lower reported GMAC Financial Services income, down $630 million versus the year-ago quarter as a result of continued pressures in the mortgage industry.

 2

GM reported a net loss of $39 billion (including Allison Transmission, which is classified as a discontinued operation), or $68.85 per diluted share, for the third quarter of 2007, compared with a reported net loss of $147 million, or $.26 per diluted share, in the year-ago quarter.

Special items included a net non-cash charge of $38.6 billion due to a valuation allowance against deferred tax assets related to operations in the U.S., Canada and Germany as required under SFAS No. 109, Accounting for Income Taxes. Also included was a favorable $3.5 billion after-tax gain on the sale of the Allison Transmission business in August 2007, for which GM received $5.4 billion in proceeds. GM also had special charges of $1.6 billion in pension service costs related to prior labor agreements, $0.4 billion associated with restructuring actions and $0.4 billion related to an adjustment to the Delphi reserve. Details on all of the special charges are included in the “Highlights” section of this news release.

Excluding special items, GM had a 2007 third-quarter adjusted net loss of $1.6 billion, or $2.80 per diluted share, compared to net income of $497 million, or $.88 per diluted share, in the year-ago quarter. The variance was driven primarily by a significant decline in net income at GMAC, as well as increased corporate expense related to legacy cost, foreign exchange and various 2006 tax benefits, partially offset by improved performance in automotive operations.

GM Automotive Operations

GM’s global automotive operations posted net income of $122 million from continuing operations on an adjusted basis in the third quarter of 2007 (reported net loss of $40.6 billion), an improvement of $577 million compared to an adjusted net loss from continuing operations of $455 million (reported net loss of $401 million) in the same quarter 2006. Results for GM’s automotive operations, specifically GMNA, exclude Allison Transmission, which was classified as a discontinued operation as a result of the sale of that business which was concluded in August 2007.

3

GM generated record third quarter automotive revenue of $43.1 billion. The company also achieved record global third quarter sales of 2.39 million cars and trucks, up four percent compared to the third quarter 2006, driven by exceptionally strong demand in emerging markets and improved performance in developed markets. GM also set a number of third quarter sales records around the globe, including a 22 percent increase in GMLAAM, 16 percent increase in the GMAP region, and 15 percent gain in GME.

“We continue to see solid progress in the fundamentals of our automotive business. We’re very pleased with our strong sales performance in key markets outside of North America, and growing retail momentum in the U.S. driven by products like the all-new Cadillac CTS. We’re also very encouraged by the early reactions to our all-new Chevrolet Malibu and 2008 Chevrolet Tahoe and GMC Yukon two-mode hybrids – the world’s only full-size hybrid SUVs,” said Wagoner.

GMNA had an adjusted net loss from continuing operations of $247 million in the third quarter 2007 (reported net loss from continuing operations of $38.2 billion, which includes charges of approximately $36.5 billion for a valuation allowance against its deferred tax assets and $1.3 billion for pension service costs related to prior labor agreements), compared to an adjusted net loss of $660 million from continuing operations in the third quarter 2006 (reported net loss from continuing operations of $667 million). GMNA’s improved adjusted earnings reflect favorable mix, pricing and better warranty performance, which were partially offset by lower volume and increased material cost.

GME posted an adjusted net loss of $90 million in the third quarter (reported net loss of $2.9 billion, which includes charges of $2.5 billion for a valuation allowance against deferred tax assets in Germany and restructuring charges of $262 million), compared to $39 million loss in the third quarter of 2006 (reported net loss of $126 million). The variance in adjusted net income reflects the softness of the German market and unfavorable currency exchange, which was partially offset by improved pricing and higher volume.

4

GME achieved record third quarter sales of about 524,000 units, aided by continued momentum of GME’s multi-brand strategy during the period. Chevrolet is amongst the fastest growing global vehicle brands in Europe, posting record third quarter sales of 113,000 vehicles. GM gained further ground in the growing Russian market, with sales up by 75 percent over the same quarter 2006, to a record 65,700 vehicles.

GMAP recorded adjusted net income of $138 million in the third quarter (reported net income also $138 million), compared with $57 million in the year ago period (reported net income of $205 million, which included $148 million in favorable tax-related items).  This favorable earnings performance was driven largely by strong export growth from GM Daewoo, continued strong sales and profitability in China, and improved earnings in India and Australia.

GM achieved 16 percent sales growth in the Asia Pacific region, resulting in record third quarter sales of 327,500 units. GM China sold 230,000 vehicles, a 21 percent increase compared with the year ago period.  GM sales in the region were also aided by the strong performance of GM Daewoo products, including the Chevrolet Captiva.

GMLAAM achieved all-time record earnings and quarterly sales in the third quarter, posting adjusted earnings of $340 million (reported net income also $340 million), up 86 percent compared with strong earnings in the year ago period of $183 million (reported net income also $183 million).  The earnings improvement was driven primarily by volume growth, favorable pricing and vehicle mix.

GMLAAM set a third quarter sales record of over 329,000 vehicles, up almost 22 percent year-over-year. All-time sales records were achieved in Brazil, Colombia, Venezuela, Argentina and Egypt. The successful launch of the Chevrolet Captiva in South Africa, Venezuela, Colombia and the Middle East helped drive strong sales in the region.

5

GMAC

As a standalone company, GMAC Financial Services reported a net loss of $1.6 billion for the third quarter 2007, compared to a net loss of $173 million in the third quarter 2006. The reported results for the third quarter of 2007 included a $455 million goodwill impairment charge at Residential Capital, LLC (ResCap), while a goodwill impairment charge of $695 million related to GMAC Commercial Finance was reflected in results for the third quarter of 2006.

Results were dominated by the effects of the dislocation in the mortgage and credit markets on the real estate finance business, which more than offset the continued strong performance at GMAC’s automotive finance, insurance and other operations.

GM recognized $757 million of the net loss attributable to GMAC as a result of its 49 percent equity interest and accrued preferred dividends (reported net loss of $803 million).

Cash and Liquidity

GM continues to have a strong liquidity position. Cash, marketable securities, and readily-available assets of the Voluntary Employees’ Beneficiary Association (VEBA) trust grew to $30 billion as of September 30, 2007, up from $27.2 billion on June 30, 2007. The balance includes $5.4 billion of net cash proceeds from the completion of the Allison Transmission transaction in August 2007.

GM had negative adjusted automotive operating cash flow of $2.5 billion in the third quarter of 2007, improved from a negative $3.9 billion in the third quarter 2006.

# # #

Contacts:

Reneé Rashid-Merem
Phone: 313-665-3128
Email: renee.rashid-merem@gm.com

Randy Arickx
Phone: 313-667-0006
Email: randy.c.arickx@gm.com

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Forward-looking Statements

In this press release and in related comments by General Motors’ management our use of words like “expect,” “anticipate,” “estimate,” “forecast,” “initiative,” “objective,” “plan,” “goal,” “project,” “outlook,” “priorities,” “target,” “intend,” “evaluate,” “pursue,” “seek,” “may,” “would,” “could,” “should,” “believe,” “potential,” “continue,” “designed,” “impact,” or the negative of any of those words or similar expressions is intended to identify forward-looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but GM’s actual results may differ materially due to a variety of important factors. Among other items, such factors include: the ability of GM to realize production efficiencies, to achieve reductions in costs as a result of the turnaround restructuring and health care cost reductions and to implement capital expenditures at levels and times planned by management; the pace of product introductions; market acceptance of our new products; significant changes in the competitive environment and the effect of competition in our markets, including on our pricing policies; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt; changes in the existing, or the adoption of new laws, regulations, policies, or other activities of governments, agencies, and similar organizations where such actions may affect the production, licensing, distribution, or sale of our products, the cost thereof or applicable tax rates; costs and risks associated with litigation; the final results of investigations and inquiries by the SEC and other governmental agencies; changes in accounting principles, or their application or interpretation, and our ability to make estimates and the assumptions underlying the estimates, including the range of estimates for the Delphi pension benefit guarantees, which could result in an impact on earnings; negotiations and bankruptcy court actions with respect to Delphi’s obligations to GM, negotiations with respect to GM’s obligations under the pension benefit guarantees to Delphi employees, and GM’s ability to recover any indemnity claims against Delphi; labor strikes or work stoppages at GM or its key suppliers such as Delphi or financial difficulties at GM’s key suppliers such as Delphi; completion of the final settlement with the UAW and UAW retirees, including securing class certification in a form acceptable to GM, the UAW and class counsel; completion of the final settlement with the UAW and UAW retirees, including obtaining court approval in a form acceptable to GM, the UAW, and class counsel; treatment of the terms of the 2006 Settlement Agreement pursuant to the Retiree MOU in a manner acceptable to GM, the UAW and class counsel; GM’s completion of discussions with the Staff of the SEC regarding accounting treatment with respect to the New VEBA and the post-retirement medical benefits for the covered group as set forth in the Retiree MOU, on a basis reasonably satisfactory to GM; shortages of and price increases for fuel; factors affecting GMAC’s results of operations and financial conditions and changes in the residential mortgage market, especially in the nonprime sector; significant changes in the competitive environment and the effect of competition in GMAC’s markets, including on GMAC’s pricing policies; GMAC’s ability to maintain adequate financing sources; GMAC’s ability to maintain an appropriate level of debt; restrictions on the ability of GMAC’s residential mortgage subsidiary to pay dividends and prepay subordinated debt obligations to GMAC; changes in the residual value of off-lease vehicles; changes in U.S. government-sponsored mortgage programs or disruptions in the markets in which GMAC’s mortgage subsidiaries operate; changes in GMAC’s contractual servicing rights; changes in the credit ratings of GMAC or GM; and changes in economic conditions, commodity prices, currency exchange rates, or political stability in the markets in which we or GMAC operate. The most recent annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by GM and GMAC provide information about these factors, which may be revised or supplemented in future reports to the SEC on those forms.

  7

General Motors Corporation

Use of Non-GAAP Financial Measures

     This press release and the accompanying tables include the following non-GAAP financial measures: (a) adjusted net income, (b) managerial cash flow and (c) GM North America vehicle revenue per unit. Each of these financial measures excludes the impact of certain items and therefore has not been calculated in accordance with U.S. generally accepted accounting principles (GAAP). This press release also contains a reconciliation of each presented non-GAAP measure to its most comparable GAAP financial measure.

     Management believes these non-GAAP financial measures provide meaningful supplemental information regarding our operating results because they exclude amounts that GM management does not consider part of operating results when assessing the performance of the organization and measuring the results of GM’s performance. In addition, GM has historically reported similar non-GAAP financial measures. GM believes that inclusion of these non-GAAP financial measures provides consistency and comparability with past earnings releases. GM management uses these non-GAAP financial measures to evaluate GM’s performance and believes these measures allow GM management to readily view operating trends, perform analytical comparisons, benchmark performance among geographic regions and assess whether the GM North American structural cost turnaround plan is on target. Also, GM management uses adjusted net income for forecasting purposes and in determining our future capital investment allocations. Accordingly, GM believes these non-GAAP financial measures are useful to investors in allowing for greater transparency of supplemental information used by management in its financial and operational decision-making.

     While GM believes that these non-GAAP financial measures provide useful supplemental information, there are limitations associated with the use of these non-GAAP financial measures. These non-GAAP financial measures are not prepared in accordance with GAAP, do not reflect a comprehensive system of accounting and may not be comparable to similarly titled measures of other companies due to potential differences in the method of calculation between companies. Costs such as the special attrition program and restructuring charges that are excluded from GM’s non-GAAP financial measures can have a material impact on net earnings. As a result, these non-GAAP financial measures have limitations and should not be considered in isolation from, or as a substitute for, net earnings, cash flow from operations, or other measures of performance or liquidity prepared in accordance with GAAP. GM compensates for these limitations by using these non-GAAP financial measures as supplements to GAAP financial measures and by reviewing the reconciliations of the non-GAAP financial measures to their most comparable GAAP financial measures. Investors are encouraged to review the reconciliations of these non-GAAP financial measures to their most comparable GAAP financial measures that are included elsewhere in this press release.

Adjusted Net Income

     Adjusted net income excludes charges for the special attrition program; restructuring, plant closure and impairment charges; gains and losses on the sale of business units and business interests; charges associated with the Delphi bankruptcy; charges associated with changes in estimates and accounting changes; and certain tax related items.

     The following is a discussion of each adjustment to the net income (loss) determined in accordance with GAAP to arrive at adjusted net income:

• Deferred tax assets and tax-related items. GM established valuation allowances against its deferred tax assets in the U.S., Canada and Germany. The charge associated with establishing these valuation allowances is excluded from adjusted net income. Other tax related items excluded from adjusted net income are: (1) the impact of the reduction in corporate income and trade tax rates in Germany; (2) the reversal of our deferred tax valuation allowance at GM Daewoo; and (3) unusual tax events that may result as GM is involved in the sales of its business units and business interests from time-to-time. Management believes the exclusion of these valuation allowance charges and tax related items from adjusted net income is useful because management does not consider these charges part of GM’s core earnings in evaluating the performance of the business and excludes these costs when evaluating the performance of the Corporation, its business units and its management team and when making decisions to allocate resources among GM’s business units.

  8

General Motors Corporation

Use of Non-GAAP Financial Measures (Continued)

• Gains and losses on the sale of business units and business interests. The gains and losses on the sale of business units and business interests are excluded from adjusted net income. While GM is involved in sales of its business units and business interests from time-to-time and may have significant gains or losses from such sales in the future, such events have historically occurred sporadically. Management excludes the gains and losses associated with these events when it evaluates the Corporation’s operations and for internal reporting and forecasting purposes and for allocation of additional resources.

• Change in estimate regarding period of economic benefit of existing pension prior service cost. Our non-GAAP financial measures exclude the charge associated with this change in accounting estimate. Management believes the exclusion of this change in estimate from adjusted net income is useful because management does not consider these non-recurring charges part of GM’s core earnings. Accordingly, management does not consider these costs as part of its core earnings for purposes of evaluating the performance of the business, and excludes such costs when evaluating the performance of the Corporation, its business units and its management teams and when making decisions to allocate resources among GM’s business units.

• Restructuring, impairment and plant closure charges. Our non-GAAP financial measures exclude exit costs and related charges, primarily consisting of severance costs, lease abandonment costs, product impairments and any subsequent changes in estimates related to exit activities. Management believes the exclusion of restructuring and impairment charges from adjusted net income is useful because management does not consider these costs part of GM’s core earnings in evaluating GM’s operational managers and the exclusion permits investors to evaluate the performance of our management the same way management does. Additionally, management excludes restructuring and impairment charges in determining the allocation of resources, such as capital investments, among the Corporation’s business units and as part of its forecasting and budgeting.

• Delphi charges. Our non-GAAP financial measures exclude the estimated charges associated with comprehensive settlement agreements, consisting of a Global Settlement Agreement and a Master Restructuring Agreement, entered into with Delphi in connection with the restructuring of Delphi’s operations. Management does not consider these costs as part of its core earnings for purposes of evaluating the performance of the business, and excludes such costs when evaluating the performance of the Corporation, its business units and its management teams and when making decisions to allocate resources among GM’s business units.

• Special attrition program charges. Our non-GAAP financial measures exclude the estimated charge associated with the special attrition program agreement among the UAW, GM and Delphi. Management believes it is useful in evaluating the performance of GM, its management teams and its business units during a particular time period to exclude charges associated with the special attrition program because the charge occurs irregularly. Accordingly, management does not consider these costs as part of its core earnings for purposes of evaluating the performance of the business, and excludes such costs when evaluating the performance of the Corporation, its business units and its management teams and when making decisions to allocate resources among GM’s business units.

  9

General Motors Corporation

Use of Non-GAAP Financial Measures (Concluded)

Managerial Cash Flow

     GM also reports non-GAAP managerial automotive operating cash flow in its earnings releases and charts for securities analysts. Management believes that providing managerial automotive operating cash flow furnishes it and investors with useful information by representing the cash flow generated or consumed by its automotive operations, including cash consumed by automotive capital expenditures and equity investments in companies related to our core business and cash generated by sales of automotive operating assets and equity investments in companies related to GM’s core business, before funding non-operating-related obligations including debt maturities, dividends and other non-operating items. Management uses this non-GAAP financial measure to assess its automotive cash flow when evaluating the performance of GM, its business units and its management teams and when making decisions to allocate resources among GM’s business units.

GM North America Vehicle Revenue per Unit

     GM’s earnings releases and charts for securities analysts also include the use of a non-GAAP measure of revenue per vehicle. Management uses revenue per vehicle to track operating efficiency and to facilitate comparisons between periods and between manufacturers, and believes that it would provide valuable information to investors who are interested in identifying trends and comparing different companies. Revenue per vehicle includes certain vehicle sales to other GM regions that are excluded from GAAP reporting, and excludes non-vehicle sales such as service parts and operations and OnStar service, and other income that GM does not derive from the sale of vehicles, such as interest on the GM credit card. Management also includes sales to daily car rental companies in revenue per vehicle, although they are not treated as sales under GAAP reporting because of GM’s repurchase obligations.

10

General Motors Corporation
List of Special Items *
(Dollars in millions except per share amounts)
(Unaudited)

	Three Months Ended						Year to Date
	September 30, 2007						September 30, 2007
	Net						Net
	Income			EPS			Income			EPS
REPORTED
Loss from continuing operations	$	(42,512	)	$	(75.12	)	$	(41,770	)	$	(73.82	)
Income from discontinued operations		45			.08			256			.45
Gain on sale of discontinued operations		3,504			6.19			3,504			6.19
Net loss	$	(38,963	)	$	(68.85	)	$	(38,010	)	$	(67.18	)
ADJUSTMENTS
Valuation on deferred tax assets and associated tax items (A)	$	38,300		$	67.68		$	38,300		$	67.68
Pension prior service cost (B)		1,561			2.76			1,561			2.76
Restructuring (C) **		387			.68			580			1.03
Delphi (D)**		350			.62			925			1.63
Other valuation allowance adjustment for YTD Q207 special items (E)		250			.44			—			—
Special attrition program (F) **		33			.06			10			.03
Gain on sale of discontinued operations (G)		(3,504	)		(6.19	)		(3,504	)		(6.19	)
Product impairments (H) **		—			—			104			.18
Plant closures (I) **		—			—			(47	)		(.08	)
Total adjustments	$	37,377		$	66.05		$	37,929		$	67.04
ADJUSTED
Income (loss) from continuing operations	$	(1,631	)	$	(2.88	)	$	(337	)	$	(.59	)
Income from discontinued operations		45			.08			256			.45
Adjusted Loss – Basic	$	(1,586	)	$	(2.80	)	$	(81	)	$	(.14	)
Adjusted Loss – Diluted ***				$	(2.80	)				$	(.14	)

*	Unless separately specified in the narratives that follow, pre-tax and after-tax amounts are the same.
**	Year-to-date amounts have been revised, where applicable, to exclude the effect of $250 million in tax benefits that were previously reflected in the second quarter 2007 year-to-date highlights. The revised amounts result due to the valuation allowance recorded on deferred tax assets in the U.S., Canada and Germany in the current quarter.
***	See average shares outstanding on page 16.

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General Motors Corporation
List of Special Items *
(Unaudited)

(A) Relates to a net charge during the quarter for a valuation allowance on certain deferred tax assets and associated tax items in the U.S., Canada and Germany. The net charge for the quarter includes the valuation allowance of $39 billion, which includes an adjustment of $.7 billion relating to tax benefits recorded at loss entities through the third quarter. Net charges of $36.4 billion, $2.5 billion and $.1 billion were recorded in GMNA, GME and GMAC, respectively, and a favorable adjustment of $.7 billion was recorded in Corporate and Other. Additionally, GME’s adjustment includes a $.5 billion charge associated with a reduction in the value of deferred tax assets due to a reduction in the statutory corporate income tax and trade tax rates in Germany.

(B)

Relates to a change in the estimate of the amortization period for pension prior service cost for certain of our employee benefit plans. In conjunction with entering into the 2007 GM/UAW labor contract, GM determined that the four year term of the labor contract better reflects the period of future economic benefit received from plan amendments to U.S. hourly pension plans. Concurrently, GM evaluated the remaining economic benefit related to the unamortized prior service cost remaining from prior labor contracts and determined the future economic benefit for those amounts that remained at the end of the third quarter did not extend beyond the third quarter. Accordingly, during the third quarter 2007, GM recorded a charge of $1.3 billion in GMNA and $.3 billion in Corporate and Other to expense the remaining portion of unamortized prior service cost from the plan amendments entered into as part of the 1999 and 2003 labor contracts.

(C)

Relates to various restructuring initiatives as follows:

• For the three and nine months ended September 30, 2007, charges of $125 million and $219 million, respectively, were recognized at GMNA relating to adjustments to a plant closing reserve.

• For the three and nine months ended September 30, 2007, charges of $262 million and after-tax charges of $326 million ($349 million pre-tax), respectively, were recognized at GME for separation programs primarily in Belgium, Germany, and Sweden.

• After-tax charges of $35 million ($50 million pre-tax) for the nine months ended September 30, 2007 were recognized at GMAP that relate to separation programs at Australian facilities.

(D)

During the third quarter, GM and Delphi entered into comprehensive settlement agreements consisting of a Global Settlement Agreement (GSA) and a Master Restructuring Agreement (MRA), replacing the Memorandum of Understanding (MOU) that GM and Delphi executed in June 2007. The GSA intends to resolve issues between GM and Delphi that have arisen or may arise in connection with Delphi’s emergence from bankruptcy protection, and the MRA intends to govern certain aspects of GM and Delphi’s commercial relationship following Delphi’s emergence from bankruptcy protection.

GM recorded a charge of $575 million during the second quarter upon entering into the MOU. The charge consisted of incremental Delphi retiree health care costs, reimbursement of labor costs at certain Delphi facilities, and reimbursement of certain pension obligations for Delphi employees. GM recorded an additional charge of $350 million during the third quarter upon entering into the GSA and MRA. The third quarter charge consists of an adjustment to GM’s estimated recovery under Delphi’s new proposed Plan of Reorganization.

* Unless separately specified, pre-tax and after-tax amounts are the same.

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General Motors Corporation
List of Special Items *
(Unaudited)

(E) Relates to adjustments totaling $250 million recorded in the third quarter to remove the tax effect on special items at entities associated with deferred tax asset valuation allowances in the U.S., Canada and Germany that were recorded year-to-date through the second quarter 2007. Adjustments of $41 million were recorded in GMNA related to restructuring, special attrition program, product impairments and plant closure. An adjustment of $8 million was recorded at GME related to restructuring in Germany, and an adjustment of $201 million was recorded at Corporate and Other related to Delphi items.

(F) Relates to favorable curtailment adjustments and reserve adjustments related to the Special Attrition Program for GMNA.

(G) Relates to the gain on the sale of the commercial and military operations of our Allison Transmission business, which was completed in August 2007. This gain was recorded as discontinued operations.

(H) Relates to charges recorded at GMNA of $95 million and after-tax charges of $9 million ($13 million pre-tax) recorded at GMAP for product specific assets.

(I) Relates to curtailment gains and favorable reserve adjustments at GMNA related to the closure of two former component plants.

* Unless separately specified, pre-tax and after-tax amounts are the same.

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General Motors Corporation
List of Special Items – After-Tax
(Dollars in millions except per share amounts)
(Unaudited)

	Three Months Ended						Year to Date
	September 30, 2006						September 30, 2006
	Restated						Restated
	Net						Net
	Income			EPS			Income			EPS
REPORTED
Loss from continuing operations	$	(277	)	$	(.49	)	$	(3,278	)	$	(5.80	)
Income from discontinued operations		130			.23			350			.62
Net loss	$	(147	)	$	(.26	)	$	(2,928	)	$	(5.18	)
ADJUSTMENTS
GMAC commercial finance goodwill impairment (A)	$	695		$	1.23		$	695		$	1.23
Delphi (B)		325			.57			325			.57
Product impairments (C)		112			.20			309			.55
Restructuring (D)		87			.16			428			.76
Special Attrition Program (E)		(105	)		(.19	)		3,554			6.28
Tax related items (F)		(148	)		(.26	)		(148	)		(.26	)
GMAC transaction related (G)		(322	)		(.57	)		368			.65
Sale of Suzuki investment (H)		—			—			(395	)		(.70	)
Sale of Isuzu investment (I)		—			—			(212	)		(.37	)
Total adjustments	$	644		$	1.14		$	4,924		$	8.71
ADJUSTED
Income from continuing operations	$	367		$	.65		$	1,646		$	2.91
Income from discontinued operations		130			.23			350			.62
Adjusted Income – Basic *	$	497		$	.88		$	1,996		$	3.53
Adjusted Income – Diluted **				$	.88					$	3.52

*	Adjusted EPS – Basic for the nine months ended September 30, 2006 has been changed from $3.56 per share to $3.53 per share to reflect a revision to the special item related to the gain on sale of our Suzuki investment from $372 million, after-tax, to $395 million, after-tax.
**	See average shares outstanding on page 16.

14

General Motors Corporation
List of Special Items – After-Tax
(Unaudited)

(A) During the third quarter, GMAC’s commercial finance business recognized goodwill and other intangible asset impairment charges of $695 million after-tax ($839 million pre-tax). The charge was the result of a decision made by management to eliminate certain low margin product lines in its commercial finance business.

(B) During the third quarter of 2006, GM increased its contingent liability associated with the restructuring of Delphi’s operations by $325 million after-tax ($500 million pre-tax), based on data available at that time and ongoing discussions with Delphi and other stakeholders. GM established a contingent liability in the fourth quarter of 2005 and recorded a charge of $3.6 billion after-tax ($5.5 billion pre-tax).

(C) GMNA recorded impairment charges related to product specific assets and the write-down of plant assets in connection with the planned stoppage of production at the Doraville, Georgia assembly plant.

(D) Charges during the quarter of $87 million were recognized at GME primarily related to the elimination of a shift at the Ellesmere Port plant in the U.K. In addition to the third quarter charges, year-to-date after-tax charges totaling $428 million include:

• $182 million recognized at GME, primarily related to the announced closure in December 2006 of the GM assembly plant in Azambuja, Portugal, which includes amounts for the write-down to fair market value of plant assets, employee separation costs, contract cancellation charges, other product-related asset impairments and separation charges.

• Estimated charges of $65 million related to separations of salaried employees at GMNA.

• Curtailment charges associated with modifications to the U.S. Retirement Program for Salaried Employees announced in the first quarter of 2006. GMNA and Corporate and Other Operations recognized charges of $12 million and $3 million, respectively, associated with these modifications.

• A favorable adjustment of $88 million for higher than anticipated headcount reductions associated with previously announced GMNA plant idling activities.

• A charge of $52 million for certain components of the hourly attrition program related to retroactive lump-sum payments, recognized at GMNA.

• Other restructuring charges of $72 million and $43 million recognized at GME and GMLAAM, respectively.

(E)

Favorable adjustments of $105 million after-tax during the third quarter and year-to-date to adjust other personnel related accruals as a result of the GMNA hourly attrition plan.

In addition to the current quarter charge, year-to-date charges relate to the results of the GM-UAW-Delphi Special Attrition Program, primarily for payments to employees (approximately $1.4 billion) and for the curtailment charges associated with GM’s U.S. hourly pension plan as a result of the attrition program (approximately $2.9 billion). The charge also includes a favorable revision of the accrual taken in the fourth quarter of 2005 for the North American plant capacity actions (approximately $.6 billion).

(F) Primarily reflects the reversal of a deferred tax asset valuation allowance at GM Daewoo and residual taxes at Suzuki.

(G) In the second quarter of 2006, GM recognized impairment losses on GMAC to reflect the net assets held for sale at their net realizable value as required by SFAS 144. In the third quarter, GM recognized a reversal of losses previously recognized due to the fact that an impairment charge was recorded by GMAC’s commercial finance business. Year-to-date after-tax charges of $368 million represent the sum of these two adjustments.

15

General Motors Corporation
List of Special Items – After-Tax
(Unaudited)

(H)	Relates to the sale of 92.4 million shares of GM’s investment in Suzuki for approximately $2 billion in cash, reducing GM’s equity stake to approximately 3.7% (16.3 million shares). The after-tax gain of $395 million was recognized at GMAP.
(I)	Relates to the sale of GM’s entire investment in Isuzu Motors, Ltd. for an after-tax gain of $212 million. The gain was recognized at GMAP.

16

General Motors Corporation
Summary Corporate Financial Results
(Dollars in millions except per share amounts)
(Unaudited)

	Third Quarter						Year to Date
	2007			2006			2007			2006
				Restated						Restated
Total net sales and revenue	$	43,834		$	48,892		$	134,225		$	154,871
Adjusted		43,834			48,892			134,225			154,871
Income (loss) from continuing operations	$	(42,512	)	$	(277	)	$	(41,770	)	$	(3,278	)
Adjusted		(1,631	)		367			(337	)		1,646
Income from discontinued operations	$	45		$	130		$	256		$	350
Adjusted		45			130			256			350
Net income (loss)	$	(38,963	)	$	(147	)	$	(38,010	)	$	(2,928	)
Adjusted		(1,586	)		497			(81	)		1,996
Net margin from continuing operations *		(96.9	)%		(.6	)%		(31.1	)%		(2.1	)%
Adjusted		(3.7	)%		.8	%		(.3	)%		1.1	%
Earnings (loss) per share – basic
Continuing operations	$	(75.12	)	$	(.49	)	$	(73.82	)	$	(5.80	)
Income from discontinued operations		.08			.23			.45			.62
Gain on sale of discontinued operations		6.19			—			6.19			—
Net income (loss)		(68.85	)		(.26	)		(67.18	)		(5.18	)
Earnings (loss) per share — diluted
Continuing operations	$	(75.12	)	$	(.49	)	$	(73.82	)	$	(5.80	)
Income from discontinued operations		.08			.23			.45			.62
Gain on sale of discontinued operations		6.19			—			6.19			—
Net income (loss)		(68.85	)		(.26	)		(67.18	)		(5.18	)
Earnings (loss) per share - adjusted diluted	$	(2.80	)	$	.88		$	(.14	)	$	3.52
GM $1-2/3 par value average shares outstanding (Millions)
Basic shares		566			566			566			566
Diluted shares **		566			567			566			567
Cash dividends per share of common stocks	$	.25		$	.25		$	.75		$	.75

See reconciliation of adjusted financial results on pages 18 – 23.

*

Calculated as Income from continuing operations / Total net sales and revenue.

**

Due to Loss from continuing operations for all periods presented, there is no difference between basic and diluted average shares outstanding on a reported basis (GAAP). Accordingly, the average number of diluted shares outstanding relates to amounts on an adjusted basis (non-GAAP) only, which has been adjusted to reflect the dilutive impact of stock options and other contracts to issue common stock in periods when adjusted net income is positive.

17

General Motors Corporation
Summary Corporate Financial Results
(Unaudited)

	Third Quarter					Year to Date
	2007			2006		2007			2006
				Restated					Restated
Automotive total cash & marketable securities at September 30 (Billions)	$	26.4		$	17.9
Readily-available assets in VEBA		3.6			2.5
Total Automotive cash & marketable securities plus readily-available assets in VEBA	$	30.0		$	20.4
Automotive Operations (Millions)
Depreciation	$	1,237		$	1,060	$	3,725		$	3,220
Amortization of special tools		744			869		2,327			2,712
Amortization of intangible assets		16			17		51			52
Total	$	1,997		$	1,946	$	6,103		$	5,984
GM’s share of nonconsolidated affiliates’ net income (loss) (Millions)
GMAC *	$	(809	)	$	—	$	(874	)	$	—
Shanghai GM and SAIC-GM-Wuling		73			76		306			233
Other **		42			26		134			198
	$	(694	)	$	102	$	(434	)	$	431

*	GMAC’s reported results includes a charge for the quarter and year-to-date periods related to a goodwill impairment charge of $455 million. GM’s share of this charge totaled $223 million and was included in GM’s reported share of GMAC’s net losses above.
**	GM sold most of its investment in Suzuki in the first quarter of 2006, and consequently now accounts for its remaining investment as an equity security, and no longer records income on the equity basis.

18

General Motors Corporation
Summary Corporate Financial Results
(Dollars in millions)
(Unaudited)

	Third Quarter
	2007 and 2006
	Reported						Special Items					Adjusted
	2007			2006			2007		2006			2007			2006
				Restated					Restated						Restated
Net sales and revenue
GMNA	$	26,607		$	26,788		$	—	$	—		$	26,607		$	26,788
GME		8,722			7,444			—		—			8,722			7,444
GMLAAM		4,944			3,658			—		—			4,944			3,658
GMAP		5,446			3,847			—		—			5,446			3,847
Auto Eliminations (a)		(2,613	)		(2,085	)		—		—			(2,613	)		(2,085	)
Total GMA		43,106			39,652			—		—			43,106			39,652
Corporate & Other (a)		28			(40	)		—		—			28			(40	)
Total Auto & Other		43,134			39,612			—		—			43,134			39,612
GMAC		—			9,282			—		—			—			9,282
Other Financing (a)		700			(2	)		—		—			700			(2	)
Total Financing		700			9,280			—		—			700			9,280
Total net sales and revenue	$	43,834		$	48,892		$	—	$	—		$	43,834		$	48,892
Income (loss) from continuing operations before income taxes, other equity income and minority interests
GMNA	$	(1,760	)	$	(927	)	$	1,468	$	11		$	(292	)	$	(916	)
GME		(406	)		(197	)		262		123			(144	)		(74	)
GMLAAM		375			187			—		—			375			187
GMAP		168			(10	)		—		—			168			(10	)
Auto Eliminations		(26	)		5			—		—			(26	)		5
Total GMA		(1,649	)		(942	)		1,730		134			81			(808	)
Corporate & Other		(999	)		(678	)		601		500			(398	)		(178	)
Total Auto & Other		(2,648	)		(1,620	)		2,331		634			(317	)		(986	)
GMAC		(753	)		17			—		839			(753	)		856
Other Financing		63			398			—		(392	)		63			6
Total Financing		(690	)		415			—		447			(690	)		862
Total income (loss) from continuing operations before income taxes, other equity income and minority interests	$	(3,338	)	$	(1,205	)	$	2,331	$	1,081		$	(1,007	)	$	(124	)

See footnotes on page 25.

19

General Motors Corporation
Summary Corporate Financial Results
(Dollars in millions)
(Unaudited)

	Third Quarter
	2007 and 2006
	Reported						Special Items						Adjusted
	2007			2006			2007			2006			2007			2006
				Restated						Restated						Restated
Income (loss) from continuing operations
GMNA	$	(38,195	)	$	(667	)	$	37,948		$	7		$	(247	)	$	(660	)
GME		(2,869	)		(126	)		2,779			87			(90	)		(39	)
GMLAAM		340			183			—			—			340			183
GMAP		138			205			—			(148	)		138			57
Auto Eliminations (a)		(19	)		4			—			—			(19	)		4
Total GMA		(40,605	)		(401	)		40,727			(54	)		122			(455	)
Corporate & Other		(1,136	)		(25	)		31			325			(1,105	)		300
Total Auto & Other		(41,741	)		(426	)		40,758			271			(983	)		(155	)
GMAC		(803	)		(173	)		46			695			(757	)		522
Other Financing		32			322			77			(322	)		109			—
Total Financing		(771	)		149			123			373			(648	)		522
Total income (loss) from continuing operations		(42,512	)		(277	)		40,881			644			(1,631	)		367
Income from discontinued operations		45			130			—			—			45			130
Sale of discontinued operations		3,504			—			(3,504	)		—			—			—
Net income (loss)	$	(38,963	)	$	(147	)	$	37,377		$	644		$	(1,586	)	$	497
Income tax expense (benefit)
GMNA	$	36,429		$	(261	)	$	(36,480	)	$	4		$	(51	)	$	(257	)
GME		2,471			(63	)		(2,517	)		36			(46	)		(27	)
GMLAAM		34			(5	)		—			—			34			(5	)
GMAP		48			(260	)		—			253			48			(7	)
Auto Eliminations		(9	)		1			—			—			(9	)		1
Total GMA		38,973			(588	)		(38,997	)		293			(24	)		(295	)
Corporate & Other		140			(649	)		570			175			710			(474	)
Total Auto & Other		39,113			(1,237	)		(38,427	)		468			686			(769	)
GMAC		50			184			(46	)		144			4			328
Other Financing		23			76			(77	)		(70	)		(54	)		6
Total Financing		73			260			(123	)		74			(50	)		334
Income tax expense (benefit)	$	39,186		$	(977	)	$	(38,550	)	$	542		$	636		$	(435	)

See footnotes on page 25.

20

General Motors Corporation
Summary Corporate Financial Results
(Dollars in millions)
(Unaudited)

	Third Quarter
	2007 and 2006
	Reported						Special Items						Adjusted
	2007			2006			2007			2006			2007			2006
				Restated						Restated						Restated
Effective tax rate
Total GM		(1,174	)%		81	%		(1,654	)%		50	%		(63	)%		351	%
GMNA		(2,070	)%		28	%		(2,485	)%		36	%		17	%		28	%
GME		(609	)%		32	%		(961	)%		29	%		32	%		37	%
GMAC		(7	)%		1,082	%		n.m.			17	%		(.5	)%		38	%
Equity income (loss) and minority interests, net of tax
GMNA	$	(6	)	$	(1	)	$	—		$	—		$	(6	)	$	(1	)
GME		8			8			—			—			8			8
GMLAAM		(1	)		(9	)		—			—			(1	)		(9	)
GMAP *		18			(45	)		—			105			18			60
Auto Eliminations		(2	)		—			—			—			(2	)		—
Total GMA	$	17		$	(47	)	$	—		$	105		$	17		$	58

* We consolidate GM Daewoo, but exclude through minority interest, the profits on the 49% of GM Daewoo that we do not own. On a reported basis, this minority interest was $68 million for the third quarter of 2007 compared to $124 million for the third quarter of 2006.

n.m. = not meaningful

21

General Motors Corporation
Summary Corporate Financial Results
(Dollars in millions)
(Unaudited)

	Year to Date
	2007 and 2006
	Reported						Special Items					Adjusted
	2007			2006			2007		2006			2007			2006
				Restated					Restated						Restated
Net sales and revenue
GMNA	$	84,327		$	88,137		$	—	$	—		$	84,327		$	88,137
GME		26,820			24,280			—		—			26,820			24,280
GMLAAM		12,854			10,652			—		—			12,854			10,652
GMAP		15,469			11,030			—		—			15,469			11,030
Auto Eliminations (a)		(7,848	)		(6,303	)		—		—			(7,848	)		(6,303	)
Total GMA		131,622			127,796			—		—			131,622			127,796
Corporate & Other (a)		73			(139	)		—		—			73			(139	)
Total Auto & Other		131,695			127,657			—		—			131,695			127,657
GMAC		—			27,143			—		—			—			27,143
Other Financing (a)		2,530			71			—		—			2,530			71
Total Financing		2,530			27,214			—		—			2,530			27,214
Total net sales and revenue	$	134,225		$	154,871		$	—	$	—		$	134,225		$	154,871
Income (loss) from continuing operations before income taxes, other equity income and minority interests
GMNA	$	(2,069	)	$	(7,580	)	$	1,587	$	6,006		$	(482	)	$	(1,574	)
GME		(92	)		(159	)		349		512			257			353
GMLAAM		925			453			—		43			925			496
GMAP		544			1,063			63		(977	)		607			86
Auto Eliminations (a)		(35	)		(2	)		—		—			(35	)		(2	)
Total GMA		(727	)		(6,225	)		1,999		5,584			1,272			(641	)
Corporate & Other		(1,787	)		(1,615	)		1,176		504			(611	)		(1,111	)
Total Auto & Other		(2,514	)		(7,840	)		3,175		6,088			661			(1,752	)
GMAC		(733	)		1,875			—		839			(733	)		2,714
Other Financing		203			(29	)		—		41			203			12
Total Financing		(530	)		1,846			—		880			(530	)		2,726
Total income (loss) from continuing operations before income taxes, other equity income and minority interests	$	(3,044	)	$	(5,994	)	$	3,175	$	6,968		$	131		$	974

See footnotes on page 25.

22

General Motors Corporation
Summary Corporate Financial Results
(Dollars in millions)
(Unaudited)

	Year to Date
	2007 and 2006
	Reported						Special Items						Adjusted
	2007			2006			2007			2006			2007			2006
				Restated						Restated						Restated
Income (loss) from continuing operations
GMNA	$	(38,416	)	$	(5,018	)	$	38,026		$	3,904		$	(390	)	$	(1,114	)
GME		(2,647	)		(106	)		2,835			341			188			235
GMLAAM		754			362			—			43			754			405
GMAP		481			1,073			44			(755	)		525			318
Auto Eliminations (a)		(23	)		(1	)		—			—			(23	)		(1	)
Total GMA		(39,851	)		(3,690	)		40,905			3,533			1,054			(157	)
Corporate & Other		(1,258	)		(333	)		405			328			(853	)		(5	)
Total Auto & Other		(41,109	)		(4,023	)		41,310			3,861			201			(162	)
GMAC		(779	)		1,109			46			695			(733	)		1,804
Other Financing		118			(364	)		77			368			195			4
Total Financing		(661	)		745			123			1,063			(538	)		1,808
Total income (loss) from continuing operations		(41,770	)		(3,278	)		41,433			4,924			(337	)		1,646
Income from discontinued operations		256			350			—			—			256			350
Sale of discontinued operations		3,504			—			(3,504	)		—			—			—
Net income (loss)	$	(38,010	)	$	(2,928	)	$	37,929		$	4,924		$	(81	)	$	1,996
Income tax expense (benefit)
GMNA	$	36,354		$	(2,486	)	$	(36,439	)	$	2,102		$	(85	)	$	(384	)
GME		2,568			(37	)		(2,486	)		171			82			134
GMLAAM		170			80			—			—			170			80
GMAP		128			96			19			(117	)		147			(21	)
Auto Eliminations		(12	)		(1	)		—			—			(12	)		(1	)
Total GMA		39,208			(2,348	)		(38,906	)		2,156			302			(192	)
Corporate & Other		(526	)		(1,277	)		771			176			245			(1,101	)
Total Auto & Other		38,682			(3,625	)		(38,135	)		2,332			547			(1,293	)
GMAC		46			767			(46	)		144			—			911
Other Financing		77			335			(77	)		(327	)		—			8
Total Financing		123			1,102			(123	)		(183	)		—			919
Income tax expense (benefit)	$	38,805		$	(2,523	)	$	(38,258	)	$	2,149		$	547		$	(374	)

See footnotes on page 25.

23

General Motors Corporation
Summary Corporate Financial Results
(Dollars in millions)
(Unaudited)

	Year to Date
	2007 and 2006
	Reported						Special Items						Adjusted
	2007			2006			2007			2006			2007			2006
				Restated						Restated						Restated
Effective tax rate
Total GM		(1,275	)%		42	%		(1,205	)%		31	%		418	%		(38	)%
GMNA		(1,757	)%		33	%		(2,296	)%		35	%		18	%		24	%
GME		(2,791	)%		23	%		(712	)%		33	%		32	%		38	%
GMAC		(6	)%		41	%		n.m.			17	%		—			34	%
Equity income (loss) and minority interests, net of tax
GMNA	$	7		$	76		$	—		$	—		$	7		$	76
GME		13			16			—			—			13			16
GMLAAM		(1	)		(11	)		—			—			(1	)		(11	)
GMAP *		65			106			—			105			65			211
Total GMA	$	84		$	187		$	—		$	105		$	84		$	292

* We consolidate GM Daewoo, but exclude, through minority interest, the profits on the 49% of GM Daewoo that we do not own. On a reported basis, this minority interest was $270 million for the nine months year-to-date 2007 compared to $173 million for the nine months year-to-date 2006.

n.m. = not meaningful

24

General Motors Corporation
Operating Statistics
(Unaudited)

	Third Quarter						Year to Date
(Units in thousands)	2007			2006			2007			2006
Worldwide Production Volume:
GMNA — Cars		367			417			1,168			1,375
GMNA – Trucks		653			633			2,057			2,167
Total GMNA		1,020			1,050			3,225			3,542
GME		396			374			1,371			1,363
GMLAAM		251			215			706			615
GMAP *		489			433			1,604			1,387
Total Worldwide		2,156			2,072			6,906			6,907
Vehicle Unit Deliveries:
Chevrolet — Cars		190			216			595			638
Chevrolet — Trucks		416			430			1,153			1,240
Pontiac		101			118			277			322
GMC		140			129			381			363
Buick		54			66			144			191
Saturn		62			65			188			168
Cadillac		57			59			155			170
Other		27			34			77			92
Total United States		1,047			1,117			2,970			3,184
Canada, Mexico, and Other		159			168			492			514
Total GMNA		1,206			1,285			3,462			3,698
GME		524			457			1,652			1,529
GMLAAM		329			270			894			746
GMAP *		328			283			1,054			920
Total Worldwide **		2,387			2,295			7,061			6,893
Market Share:
United States — Cars		20.4	%		21.8	%		19.6	%		20.8	%
United States — Trucks		29.1	%		27.9	%		27.0	%		27.4	%
Total United States		25.1	%		25.1	%		23.6	%		24.3	%
Total GMNA		24.3	%		24.5	%		23.2	%		24.0	%
Total GME		9.5	%		9.0	%		9.5	%		9.2	%
Total GMLAAM		17.5	%		17.1	%		17.1	%		16.6	%
Total GMAP		6.5	%		6.2	%		6.8	%		6.4	%
Total Worldwide		13.7	%		13.9	%		13.3	%		13.6	%
U.S. Retail/Fleet Mix
% Fleet Sales — Cars		38.1	%		33.9	%		36.0	%		36.1	%
% Fleet Sales — Trucks		21.6	%		17.3	%		20.8	%		21.3	%
Total Vehicles		27.8	%		24.0	%		26.7	%		27.2	%
GMNA Capacity Utilization ***		84.1	%		84.1	%		89.0	%		94.3	%

*	GMAP production and sales volume includes SAIC-GM Wuling Automobile Co. Ltd. joint venture vehicles.
**	Total Worldwide may include rounding differences.
***	Two shift rated, annualized.

25

General Motors Corporation
Operating Statistics
(Unaudited)

	Third Quarter						Year to Date
	2007			2006			2007			2006
GMAC’s Worldwide Cost of Borrowing (b)		6.51	%		6.31	%		6.30	%		5.84	%
GMAC Period End Debt Spreads Over U. S. Treasuries
2 Year	278		bp	200		bp	278		bp	200		bp
5 Year	421		bp	250		bp	421		bp	250		bp
10 Year	478		bp	290		bp	478		bp	290		bp
GMAC Automotive Finance Operations Consumer Credit (North America)
Net charge-offs as a % of managed receivables		1.20	%		1.19	%		1.17	%		1.15	%
Retail contracts 30 days delinquent — % of average number of contracts outstanding (c)		2.54	%		2.42	%		2.33	%		2.21	%
Share of GM retail sales (U.S. only)
Total consumer volume (retail and lease) as % of retail		27	%		45	%		27	%		33	%
SmartLease as % of retail		18	%		17	%		19	%		19	%
Worldwide Employment at September 30 (Thousands)
United States Hourly (d)		78			92
United States Salary (d)		32			33
Total United States		110			125
Canada, Mexico, and Other		29			31
GMNA		139			156
GME		58			62
GMLAAM		34			32
GMAP		34			34
GMAC		—			31
Other		2			3
Total United States		267			318
Worldwide Payrolls (Billions)	$	4.5		$	5.9		$	13.3		$	16.5

Footnotes:
(a)	Auto Eliminations, Corporate & Other and Other Financing include intercompany eliminations.
(b)	Calculated by dividing total interest expense (excluding mark to market adjustments) by total debt.
(c)	Excludes accounts in bankruptcy.
(d)	Approximately 2,400 hourly and 1,100 salary employees are excluded from 2007 data due to the sale of Allison Transmission.

26

GENERAL MOTORS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions, except per share amounts)
(Unaudited)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2007			2006			2007			2006
	(As restated)						(As restated)
Net sales and revenue
Automotive sales	$	43,134		$	39,612		$	131,695		$	127,657
Financial services and insurance revenue		700			9,280			2,530			27,214
Total net sales and revenue		43,834			48,892			134,225			154,871
Costs and expenses
Automotive cost of sales		41,540			37,184			122,210			124,598
Selling, general and administrative expense		3,601			3,155			10,205			9,740
Financial services and insurance expense		640			7,596			2,334			23,608
Other expenses		350			1,943			925			3,151
Total costs and expenses		46,131			49,878			135,674			161,097
Operating loss		(2,297	)		(986	)		(1,449	)		(6,226	)
Equity in loss of GMAC LLC		(809	)		—			(874	)		—
Automotive and other interest expense		(776	)		(529	)		(2,256	)		(1,861	)
Automotive interest income and other non-operating income		544			310			1,535			2,093
Loss from continuing operations before income taxes, other equity income and minority interests		(3,338	)		(1,205	)		(3,044	)		(5,994	)
Income tax expense (benefit)		39,186			(977	)		38,805			(2,523	)
Equity income (loss) and minority interests, net of tax		12			(49	)		79			193
Loss from continuing operations		(42,512	)		(277	)		(41,770	)		(3,278	)
Discontinued Operations Income from discontinued operations, net of tax		45			130			256			350
Gain on sale of discontinued operations, net of tax		3,504			—			3,504			—
Income from discontinued operations		3,549			130			3,760			350
Net loss	$	(38,963	)	$	(147	)	$	(38,010	)	$	(2,928	)
Basic earnings (loss) per share:
Continuing operations	$	(75.12	)	$	(.49	)	$	(73.82	)	$	(5.80	)
Discontinued operations		6.27			.23			6.64			.62
Total	$	(68.85	)	$	(.26	)	$	(67.18	)	$	(5.18	)
Weighted average common shares outstanding, basic (millions)		566			566			566			566
Diluted earnings (loss) per share:
Continuing operations	$	(75.12	)	$	(.49	)	$	(73.82	)	$	(5.80	)
Discontinued operations		6.27			.23			6.64			.62
Total	$	(68.85	)	$	(.26	)	$	(67.18	)	$	(5.18	)
Weighted average common shares outstanding, diluted (millions)		566			566			566			566
Cash dividends per share	$	.25		$	.25		$	.75		$	.75

27

GENERAL MOTORS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
(Unaudited)

	September 30,			December 31,			September 30,
	2007			2006			2006
				(As restated)			(As restated)
ASSETS
Current Assets
Cash and cash equivalents	$	24,402		$	23,774		$	17,802
Marketable securities		1,978			138			107
Total cash and marketable securities		26,380			23,912			17,909
Accounts and notes receivable, net		10,728			8,216			6,855
Inventories		15,530			13,921			14,822
Equipment on operating leases, net		5,572			6,125			6,569
Deferred income taxes and other current assets		2,204			11,957			10,813
Total current assets		60,414			64,131			56,968
Financing and Insurance Operations Assets
Cash and cash equivalents		328			349			3,089
Assets held for sale		—			—			282,847
Equipment on operating leases, net		7,856			11,794			13,325
Investment in GMAC LLC		6,852			7,523			—
Other assets		4,119			2,457			1,827
Total Financing and Insurance Operations Assets		19,155			22,123			301,088
Non-Current Assets
Property, net		42,264			41,934			38,959
Deferred income taxes		975			33,079			24,972
Prepaid pension		18,920			17,366			37,691
Other assets		7,772			7,671			8,357
Total non-current assets		69,931			100,050			109,979
Total Assets	$	149,500		$	186,304		$	468,035
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current Liabilities
Accounts payable (principally trade)	$	30,514		$	26,931		$	27,318
Short-term borrowings and current portion of long-term debt		5,263			5,666			1,436
Accrued expenses		34,619			35,225			40,235
Total current liabilities		70,396			67,822			68,989
Financing and Insurance Operations Liabilities
Liabilities related to assets held for sale		—			—			272,869
Debt		5,962			9,438			10,073
Other liabilities and deferred income taxes		1,666			2,139			2,243
Total Financing and Insurance Operations Liabilities		7,628			11,577			285,185
Non-Current Liabilities
Long-term debt		34,670			33,067			33,118
Postretirement benefits other than pensions		48,336			50,409			34,534
Pensions		12,214			11,934			15,937
Other liabilities and deferred income taxes		16,327			15,957			17,714
Total non-current liabilities		111,547			111,367			101,303
Total liabilities		189,571			190,766			455,477
Minority interests		1,700			1,190			1,210
Stockholders’ Equity (Deficit)
Preferred stock, no par value, 6,000,000 shares authorized, no shares issued and outstanding		—			—			—
Common stock, $1 2/3 par value (2,000,000,000 shares authorized, 756,637,541 and 565,877,391 shares issued and outstanding at September 30, 2007, respectively, 756,637,541 and 565,670,254 shares issued and outstanding at December 31, 2006, respectively, and 756,637,541 and 565,611,157 shares issued and outstanding at September 30, 2006, respectively)		943			943			943
Capital surplus (principally additional paid-in capital)		15,264			15,336			15,316
Retained earnings (deficit)		(38,528	)		195			(616	)
Accumulated other comprehensive loss		(19,450	)		(22,126	)		(4,295	)
Total stockholders’ equity (deficit)		(41,771	)		(5,652	)		11,348
Total Liabilities, Minority Interests and Stockholders’ Equity (Deficit)	$	149,500		$	186,304		$	468,035

EX-99.2

Exhibit 99.2

2007 Third Quarter Results

Forward Looking Statements 1 In this presentation and in related comments by General Motors' management, we will use words like "expect," "anticipate," "estimate," "forecast," "initiative," "objective," "plan," "goal," "project," "outlook," "priorities," "target," "intend," "evaluate," "pursue," "seek," "may," "would," "could," "should," "believe," "potential," "continue," "designed," "impact," or the negative of any of those words or similar expressions to identify forward-looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but GM's actual results may differ materially due to a variety of important factors. Among other items, such factors include: the ability of GM to realize production efficiencies, to achieve reductions in costs as a result of the turnaround restructuring and health care cost reductions and to implement capital expenditures at levels and times planned by management; the pace of product introductions; market acceptance of our new products; significant changes in the competitive environment and the effect of competition in our markets, including on our pricing policies; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt; changes in the existing, or the adoption of new laws, regulations, policies, or other activities of governments, agencies, and similar organizations where such actions may affect the production, licensing, distribution, or sale of our products, the cost thereof or applicable tax rates; costs and risks associated with litigation; the final results of investigations and inquiries by the SEC and other governmental agencies; changes in accounting principles, or their application or interpretation, and our ability to make estimates and the assumptions underlying the estimates, including the range of estimates for the Delphi pension benefit guarantees, which could result in an impact on earnings; negotiations and bankruptcy court actions with respect to Delphi's obligations to GM, negotiations with respect to GM's obligations under the pension benefit guarantees to Delphi employees, and GM's ability to recover any indemnity claims against Delphi; labor strikes or work stoppages at GM or its key suppliers such as Delphi or financial difficulties at GM's key suppliers such as Delphi; completion of the final settlement with the UAW and UAW retirees, including securing class certification in a form acceptable to GM, the UAW and class counsel; completion of the final settlement with the UAW and UAW retirees, including obtaining court approval in a form acceptable to GM, the UAW, and class counsel; treatment of the terms of the 2006 Settlement Agreement pursuant to the Retiree MOU in a manner acceptable to GM, the UAW and class counsel; GM's completion of discussions with the Staff of the SEC regarding accounting treatment with respect to the New VEBA and the post-retirement medical benefits for the covered group as set forth in the Retiree MOU, on a basis reasonably satisfactory to GM; shortages of and price increases for fuel; factors affecting GMAC's results of operations and financial conditions and changes in the residential mortgage market, especially in the nonprime sector; significant changes in the competitive environment and the effect of competition in GMAC's markets, including on GMAC's pricing policies; GMAC's ability to maintain adequate financing sources; GMAC's ability to maintain an appropriate level of debt; restrictions on the ability of GMAC's residential mortgage subsidiary to pay dividends and prepay subordinated debt obligations to GMAC; changes in the residual value of off-lease vehicles; changes in U.S. government-sponsored mortgage programs or disruptions in the markets in which GMAC's mortgage subsidiaries operate; changes in GMAC's contractual servicing rights; changes in the credit ratings of GMAC or GM; and changes in economic conditions, commodity prices, currency exchange rates, or political stability in the markets in which we or GMAC operate. The most recent annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by GM and GMAC provide information about these factors, which may be revised or supplemented in future reports to the SEC on those forms.

Third Quarter Highlights GAAP EPS $(68.85), $(39)B net loss Includes impact of $39B charge related to valuation allowance taken against Deferred Tax Assets Adjusted EPS $(2.80), $(1.6)B net loss Adjusted total automotive results improved $0.6B vs. Q3 '06 Significant loss at GMAC due entirely to losses at ResCap related to challenging U.S. housing market Automotive revenue of $43.1B, a record for Q3 U.S. share stabilized; share growth of 0.5 p.p. in other regions Overall global share down due to decline in other North American markets Gross liquidity increased to $30.0B at quarter-end $5.4B proceeds received due to closing sale of Allison Transmission Adjusted Automotive Operating Cash Flow of $(2.5)B 2

Third Quarter Adjusted Results 3 Refer to Supplemental Charts for reconciliation to GAAP figures Refer to Supplemental Charts for reconciliation to GAAP figures

Corp Other / Other Financing Corp Other / Other Financing sector deteriorated $1.3B vs. Q3 '06 due largely to tax-related items Prior period included approximately $0.4B of various favorable tax items and benefit related to pre-tax loss Current period includes approximately $0.7B of tax expense primarily related to reversing tax benefits recorded for loss entities through Q3 Includes impact of holding GMNA and GME at previously utilized managerial tax rates, and revised corporate tax rate resulting from deferred tax asset valuation allowance Other factors in the unfavorable variance include: Increased legacy expense related to pension and OPEB for Delphi retirees Higher interest cost and impact of unfavorable currency exchange Increased central office expense 4

Third Quarter Adjustments to Income 5 Exclusion of special items useful for: Management to measure operations Comparisons between reporting periods Investors to measure and assess company's core performance

Deferred Tax Asset Accounting Accounting for income taxes is governed by SFAS 109, which provides guidelines for determining if valuation allowances are required against a DTA Based on consideration of all available evidence using a "more likely than not" (MLTN) standard Weight given to positive and negative evidence is based on whether it can be objectively verified (e.g. current or previous losses given more weight than future outlook) A three-year historical cumulative loss is considered a significant factor that is difficult to overcome In accordance with SFAS 109, GM has evaluated its DTAs quarterly to determine if any valuation allowances are required 6

Deferred Tax Asset Allowance Allowance previously not deemed necessary for DTAs in the U.S., Canada and Germany based on several factors, including: Degree to which company's three-year historical losses were attributable to special items or charges, of which several were related to actions to improve future profitability Expectation of continued strong earnings at GMAC and improved earnings in GMNA Long duration over which to utilize DTAs Recent events provide evidence whereby a valuation allowance should be established in Q3 under SFAS 109 guidelines Three-year historical cumulative loss in the U.S., Canada and Germany on an adjusted basis Ongoing weakness at GMAC related to its ResCap mortgage business, including substantial U.S. losses incurred in 2007 More challenging near-term automotive market conditions in the U.S. and Germany 7

Deferred Tax Asset Allowance Non-cash charges of $38.6B in Q3 related to recording a valuation allowance against DTAs in the U.S., Canada and Germany Canada included due to close linkage of U.S. and Canadian operations Full valuation allowance taken given that upon failing MLTN test, no one point estimate is better than another when measured against an average three-year loss Loss carry forwards and other DTAs still exist and will be used to offset future taxable income Valuation allowance will be reversed in future when no longer in three-year cumulative loss position and can pass MLTN test for future DTA utilization In Q3 '06 reversed previously established allowance for Korean DTAs Establishment of valuation allowance does not reflect any change in the company's view of its long-term automotive financial outlook 8

GME Deferred Tax Assets 9 On August 17, 2007 Germany effected legislation to lower the statutory corporate tax rate effective 1/1/2008 Anticipated to provide reduction of approximately 9 percentage points (from about 38% to about 29%) Due to lower tax rate, German DTAs have less future value as underlying tax attributes will offset future income taxed at lower rates Value of DTAs is based on tax rates expected to apply in the years in which they are expected to be recovered Based on results of three year cumulative loss test, full valuation allowance taken against German DTAs; related charge in Q3 includes reduction in value of German DTAs associated with tax rate change To the extent valuation allowances are reversed in the future, value of German DTAs reduced by about $0.5B to reflect lower tax rate

Pension Prior Service Cost Adjustment Prior labor agreements generally included both basic monthly pension benefit increases and pension lump sum payments Basic benefit increases paid from plan assets and amortized over average service life as part of pension expense Lump sums paid out of operating cash and expensed upon ratification 2007 UAW agreement granted basic benefit increases and lump sums As opposed to past practice, lump sums now paid out of plan assets and included in Projected Benefit Obligation (PBO) Determined that life of labor contract is a preferable period of economic benefit for amortizing pension benefit increases Basic benefit increases and lump sums will now be amortized over 4 years Remaining unamortized prior service cost of $1.6B from 1999 and 2003 agreements expensed in Q3 10

Delphi Update 11 In July and August, Delphi reached agreements with all remaining unions, patterned on the June UAW agreement GM to provide similar support as for UAW-Delphi agreement - - coverage of OPEB & certain attrition program reimbursements GM-Delphi Settlement Agreements signed in September and filed with Bankruptcy Court as part of Delphi's Plan of Reorganization (POR) Resolves all claims by and against Delphi and documents GM's support of Delphi's POR Delphi subsequently announced it would delay hearings on its Disclosure Statement to provide more time to negotiate exit financing due to changes in credit markets Parties filed amendments to the Plan, Disclosure Statement and the GM-Delphi Agreements on October 29 Delphi announced November 5 it would again delay Disclosure Statement hearings to continue discussions with statutory committees Believes not all conditions for effectiveness of its plan investor agreements would be met prior to scheduled November 8 hearing date

Delphi Recovery 12 On October 29, Delphi filed potential amendments to its POR and Disclosure Statement reflecting lower net debt upon emergence Included amendments to the Global Settlement Agreement and Master Restructuring Agreement between Delphi and GM, whereby GM agreed to accept an alternative composition of its settlement As compared with $2.7 billion in cash under the September 6 POR, under the amended Plan and related agreements GM would receive following consideration upon Delphi's emergence from bankruptcy: At least $750 million cash $750 million 2nd Lien Note, reduced by cash received above $750 million $1.2B of preferred stock, convertible into common stock at $45 per share GM recorded Q3 charge of $350 million as result of final agreements with labor unions, the GM-Delphi Settlement Agreements as amended, and incremental Delphi retiree healthcare costs Total of approximately $6.9B in Delphi-related charges taken to date Expect no material change to ongoing period costs previously disclosed

Other Special Items 13 Allison gain on sale Transaction closed in August 2007, with net proceeds of $5.4B Gain on sale of $5.3B pre-tax ($3.5B after-tax) Subject to adjustment for changes in working capital and debt Restructuring related items $262 million in GME related to separation programs offered primarily in Belgium, Germany and Sweden $158 million in GMNA related primarily to adjustments to the plant closing reserve, as well as curtailment and reserve adjustments related to the special attrition programs offered in 2006

Other Matters - Legal Services Accounting Prior and current labor agreements include programs to provide personal legal services to hourly employees and retirees represented by the UAW, CAW and IUE-CWA Annual expense of approximately $35 million historically expensed as paid Upon completion of 2007 UAW negotiations and review of accounting for all contract provisions, determined retiree portion of these programs should be accounted for as a postretirement defined benefit Benefits paid to active employees will continue to be accounted for as period costs on "pay as you go" (PAYGO) basis, with an additional accrual for defined benefit accounting as they accrue retirement benefits Immaterial adjustment of $211 million effected through a restatement to shareholders' equity as of 1/1/2006 to reflect impact of change in accounting for legal services Comprised of $323 million OPEB liability offset by $112 million DTA Immaterial difference in all prior periods between the PAYGO expense historically recorded and expense if accounted for as OPEB No change to recorded P&L or cash flow, and immaterial change to balance sheet 14

GMNA Third Quarter Adjusted Results 15 15 Excludes results from Allison Transmission, now recorded as Discontinued Operations

GMNA Vehicle Revenue Per Unit Calendar Year Third Quarter Net Revenue Gross Revenue less Sales Incentives Vehicle revenue per unit excludes items such as daily rental accounting impact, Service Parts, OnStar, other outside sales 16 Adjusted to remove Allison. Refer to Supplemental Charts for reconciliation to GAAP figures Memo: Q2 '07 $21,375 Q1 '07 $21,072

GMNA Adjusted Net Income 2007 vs. 2006 $ Billions - Continuing Operations Only Q3 YTD 2006 Net Income $(0.7) $(1.1) Volume (0.2) (1.8) Mix 0.3 1.4 Price/Material 0.2 0.2 Policy & Warranty/Campaigns 0.3 (0.4) Pension/OPEB/Manufacturing 0.1 2.3 Engineering/Exchange/Other Cost (0.2) (1.0) 2007 Net Income $(0.2) $(0.4) 17 Excludes results from Allison Transmission, now recorded as Discontinued Operations

Overview of Other Regions YTD through Q3, 58% of GM unit sales outside the U.S. 36% of automotive revenue YTD generated from outside GMNA Record third quarter volume in every region fueled share growth of 0.5 p.p. outside of North America Contributed to YTD global share gain of 0.2 p.p. (13.3% vs. 13.1% YTD through Q2) Revenue up 28% with significant gains in every region GME volume up 15% as GM leveraged its position in Eastern Europe, particularly Russia, and gained share in most key Western European markets GMLAAM volume up 22%, outpacing a strong industry and almost doubling adjusted net income vs. Q3 '06 GMAP volume up 16%, and adjusted net income more than doubled on strong results in China, Korea and India and continued performance improvement at Holden 18

GME Third Quarter Adjusted Results 19 19

GMLAAM Third Quarter Adjusted Results 20 20

GMAP Third Quarter Adjusted Results 21

GMAC Third Quarter Results 22 GMAC reported $(1,596) million net loss, due entirely to ResCap amidst global dislocation in mortgage and credit markets Total ResCap net loss of $(2,261) million including $(455) million impairment of substantially all goodwill attributable to ResCap Non-ResCap businesses (Global Auto Finance, Insurance and Commercial Finance) continue to perform well Operating income excluding ResCap increased over 50% Adjusted net loss of $(757) million realized by GM Includes 49% of net loss or $(809) million, partially offset by preferred dividends of $39 million Deterioration of $(1,279) million from Q3 '06 when GMAC adjusted net income of $522 million was fully consolidated

GMAC Business Line Results 23

GM Liquidity Position 24 Strong gross liquidity position at $30.0B Represents an increase of $2.8B vs. Q2 '07 Reflects $5.4B net proceeds from sale of Allison Transmission Gross liquidity includes $3.6B of readily-available VEBA assets (i.e. short-term VEBA) $2.6B of short-term VEBA will be excluded as of year-end 2007 due to GM-UAW Independent VEBA trust settlement

Automotive Gross / Net Liquidity 25 1 Q4 2005 - Q3 2006 Net Liquidity figures exclude GMAC related debt Q4'00 YE '01 Q4 '05 Q1 '06 Q2 '06 Q3 '06 Q4 '06 Q1 '07 Q2 '07 Q3 '07 Net Liquidity 5.2 4.8 4.8 3.5 -0.7 -13.833 -12.303 -11.394 -14.2 -12.323 -13.294 -12.093 -9.9 Gross Cash (incl. ST VEBA) 13.2 13 13.3 11.8 11.5 20.373 21.603 22.892 20.407 26.41 24.66 27.191 29.958 17.3 17.3 23 1 $ Billions

Third Quarter Key Cash Flow Drivers 26 Adjusted Automotive Operating Cash Flow (OCF) of $(2.5)B driven primarily by scheduled production shutdown in July Q3 2007 OCF improved by $1.4B vs. Q3 '06 Improvement driven primarily by lower net sales allowance payments in Q3 '07 vs. Q3 '06 YTD Adjusted Automotive OCF of $(1.1)B, an improvement of $3.6B vs. 2006 OCF improvements achieved at all four GM regions

Automotive Cash Flow Summary Refer to Supplemental Charts for reconciliation to GAAP figures 27

Year-to-year Q3 variance in working capital flows driven primarily by improvement in receivables in Q3 2006 Accrued Expenses and Other reflects timing of cash flows vs. accruals Working Capital and Accrued Expenses 28

Outlook Fourth Quarter Ongoing revenue growth on strength in emerging markets Continued concerns over U.S. economic conditions Full benefit of CTS launch, ramp-up of Malibu launch Will see further financial impact of GM-UAW labor agreement (e.g. pension expense, active employee lump sum payments) Looking Ahead Continue to leverage strong position in emerging markets to maintain overall global growth Focus on working with UAW to begin process of transforming workforce to improve cost competitiveness in North America 29

Summary Significant valuation allowance for deferred tax assets and other special items drove substantial loss on reported basis Automotive operations delivered improved, but still not satisfactory, results Very strong global volume and revenue growth Strong growth and net income results at GMAP and GMLAAM GME results somewhat disappointing GMNA delivered improved results, but still in loss position Poor GMAC results due entirely to significant loss at ResCap related to global dislocation in mortgage and credit markets Automotive liquidity strengthened further to $30B Continued progress in finalizing Delphi agreement 30

Supplemental Charts The following supplemental charts are provided to reconcile adjusted financial data comprehended in the primary chart set with GAAP-based data (per GM's financial statements) and/or provide clarification with regard to definition of non-GAAP terminology Note: As previously disclosed, GM restated its financial statements for the first three quarters of 2006 for various accounting issues associated with derivatives contracts, deferred income tax and other adjustments. The results reported for the third quarter and the nine month period ending September 30, 2006 contained in this presentation reflect the adjustments.

Reconciliation to Adjusted Net Income / EPS Q3 - 2006 & 2007 S1

Reconciliation of GMNA Revenue Per Unit Calendar Year S2 a). For GAAP reporting purposes, sales to other GM regions are eliminated whereas they are retained for managerial vehicle analysis b). Includes SPO parts, Powertrain engines, MSP, and Onstar service outside sales- excluded from managerial vehicle analysis c). Includes Interest Income, Daily Rental Income, and GM Credit Card Income- excluded from managerial vehicle analysis * * Excludes revenue from Allison Transmission, now classified as discontinued operations

Reconciliation of GMNA Revenue Per Unit Third Quarter S3 a). For GAAP reporting purposes, sales to other GM regions are eliminated whereas they are retained for managerial vehicle analysis b). Includes SPO parts, Powertrain engines, MSP, and Onstar service outside sales- excluded from managerial vehicle analysis c). Includes Interest Income, Daily Rental Income, and GM Credit Card Income- excluded from managerial vehicle analysis * * * Excludes revenue from Allison Transmission, now classified as discontinued operations

Reconciliation of Automotive Cash Flow Third Quarter & Calendar Year S4