GM Sees Record 100,000 Sales of 30 mpg or Better Vehicles

(3BL Media) Detroit, MI – April 2, 2012 – Combined U.S. sales of the 12 General Motors (NYSE: GM) vehicles that get an EPA estimated 30 mpg or better on the highway are expected to reach 100,000 units or more in March, the highest total in company history. GM will release its total March sales on April 3.

“GM’s strategic investments in four-cylinder and turbocharged engines, advanced transmissions and vehicle electrification have been very well timed,” said Mark Reuss, president of GM North America. “Three years ago, about 16 percent of the vehicles GM sold achieved at least 30 mpg on the highway. Today, that number is about 40 percent, and we have more new fuel-economy leaders on the way, including the Chevrolet Spark, Cadillac ATS and the Buick Encore.”  

By the end of 2012, GM will have all-new or significantly freshened Chevrolet, Buick, GMC and Cadillac cars and crossovers in segments that represent 60 percent of the U.S. light vehicle industry. This includes the all-new 2013 Cadillac ATS 2.5-liter and 2.0-liter turbo I-4s, the all-new Chevrolet Spark and the four-cylinder 2013 Chevrolet Malibu, all of which are expected to achieve EPA estimates of 30 mpg highway or better when the ratings are released later this year.

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, 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.

Forward-Looking Statements

In this press release and in related comments by our management, our use of the words “expect,” “anticipate,” “possible,” “potential,” “target,” “believe,” “commit,” “intend,” “continue,” “may,” “would,” “could,” “should,” “project,” “projected,” “positioned” 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 these statements are not guarantees of any events or financial results, and our actual results may differ materially due to a variety of important factors. Among other items, such factors might include: our ability to realize production efficiencies and to achieve reductions in costs as a result of our restructuring initiatives and labor modifications; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt, including as required to fund our planned significant investment in new technology; the ability of our suppliers to timely deliver parts, components and systems; our ability to realize successful vehicle applications of new technology; and our ability to continue to attract new customers, particularly for our new products. GM's most recent annual report on Form 10-K and quarterly reports on Form 10-Q provides information about these and other factors, which we may revise or supplement in future reports to the SEC.