GM Statement Regarding Proposed CAFE Rule for 2017-2025

WASHINGTON, D.C. – General Motors has agreed in principle on proposed fuel economy standards from 2017 through 2025. This proposed rule presents a path forward that greatly improves fuel economy while preserving customer choice and future industry growth. GM plans to pursue the technical challenge ahead and to lead in delivering new fuel-saving technologies in cars and trucks customers want to buy and can afford.

Reducing fuel consumption and lessening the automobile’s impact on the environment is important to our business because it’s important to our country and our customers. GM has the best lineup of fuel-efficient vehicles in the company’s history. The proof is in vehicles like the Chevrolet Volt electric car with extended-range capability; the compact Chevrolet Cruze Eco, which gets the best highway fuel economy of any gasoline-powered car, and the two-mode hybrid Silverado pickup truck, which gets city fuel economy that rivals a small car.

While future fuel economy targets are ambitious, the proposed CAFE rule represents a national approach and provides regulatory certainty for our industry. Additionally, the proposed rule includes flexibility that recognizes consumer needs and potential changes in technology and economic conditions.

GM appreciates the strong, bi-partisan support of Michigan’s congressional delegation which helped bring about an agreement that recognizes how vital auto manufacturing is to America’s future jobs and economic growth.

General Motors (NYSE:GM, TSX: GMM), one of the world’s largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 202,000 people in every major region of the world and does business in more than 120 countries. GM and its strategic partners produce cars and trucks in 30 countries, and sell and service these vehicles through the following brands: Baojun, Buick, Cadillac, Chevrolet, GMC, Daewoo, Holden, Isuzu, Jiefang, Opel, Vauxhall, and Wuling. GM’s largest national market is China, followed by the United States, Brazil, the United Kingdom, Germany, Canada, and Italy. GM’s OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on the new General Motors can be found at www.gm.com.