GM Latin America, Africa and Middle East First Quarter 2008 Sales Up 20%

Miramar, FL, 2008-04-15 - General Motors Latin America, Africa and Middle East (GM LAAM) region posted an all-time Q1 record in 2008, selling 323,400 vehicles, up 52,900 units over the same quarterly period in 2007. GM’s volume increase of 19.6 percent for the quarter outpaced the 11.7 percent industry growth rate for the region. In addition, LAAM’s market share increased to 17.9 percent for the quarter, up 1.2 share points year-over-year.

Highlights:
* Record 323,400 units in Q1 2008
* Sales up 19.6% or 52,900 units from Q1 2007
* Q1 2008 market share improves 1.2 points to 17.9%

In achieving the Q1 record sales level, GM LAAM sold an all-time March monthly high of 111,300 units. This equates to a 7.2 percent improvement year-over-year.

Maureen Kempston Darkes, GM group vice president and president of GM LAAM said, “Our record first quarter sales illustrate GM’s strength in key emerging markets. Strong demand for Chevrolet products and strong economies continued in our markets through the first quarter.”

All-time quarterly GM sales records were posted in the Argentina, Egypt and North Africa markets. First quarter GM sales records were set by Brazil, Chile, Ecuador, Venezuela, Middle East and Israel. Chevrolet Corsa, Celta and Aveo continued as the top three sellers across the region in Q1 2008, representing 38 percent of sales.

General Motors Corp. (NYSE: GM), the world’s largest automaker, has been the annual global industry sales leader for 77 years. Founded in 1908, GM today employs about 266,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 35 countries. In 2007, nearly 9.37 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. More information on GM can be found at gm.com.

General Motors Latin America, Africa and Middle East (GM LAAM), with headquarters in Miramar, Florida, is one of GM’s four regional business units. GM LAAM employs approximately 35,000 people in 18 countries and has manufacturing facilities in Argentina, Brazil, Chile, Colombia, Ecuador, Egypt, Kenya, South Africa and Venezuela. GM LAAM markets vehicles under the Buick, Cadillac, Chevrolet, GMC, Hummer, Isuzu, Opel, Saab and Suzuki brands.

Source: GM Latin America, Africa and Middle East

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