GM VIETNAM AND CHEVROLET BRAND

NEW BEGINNING: GM VIETNAM AND CHEVROLET BRAND

Hanoi, Vietnam (September 12, 2011) – General Motors announced today that its unit in Vietnam – Viet Nam Daewoo Motor Co. (VIDAMCO) – has changed its name to GM Vietnam Co. Ltd. (GM Vietnam). GM Vietnam is also aligning its operations to make Chevrolet its retail brand.

“The changes represent a new beginning for GM in Vietnam in line with our new corporate strategy,” said GM Vietnam Managing Director Gaurav Gupta. “We look forward to leveraging GM’s unmatched global resources to introduce high-quality new products and services that will enable consumers across the country to enjoy Chevrolet’s award-winning shopping and ownership experience.”

Gupta added, “In addition to benefiting our customers, the changes will benefit our employees, partners and the nation’s economy. This demonstrates the importance of Vietnam to GM and our company’s commitment to growth in the market.”

GM Vietnam plans to launch multiple new Chevrolet products later this year. It is also upgrading its dealer network, showrooms and service centers to global Chevrolet standards. Owners of Daewoo products will continue to receive full warranty coverage as well as aftersales service and spare parts through GM Vietnam and dealer-owned service centers.

VIDAMCO was established by the former Daewoo Motor Co. in 1993. The company became part of GM in 2002 and currently has nearly 600 employees. Its manufacturing facility in Hanoi, which began operation in 1995, assembles passenger cars for sale in Vietnam and export.

GM’s sales of Chevrolet products in Vietnam in the first eight months of 2011 increased 40 percent year on year. GMVietnam has maintained its second-place position among automakers in foreign direct investment. Gupta, who has worked with GM in China, India and Singapore, was appointed the head of GM’s Vietnam operations in June 2011.

Founded in 1911 and named after famous Swiss-born race car driver Louis Chevrolet, Chevrolet is one of GM’s four core brands and its largest brand. Last year, more than 4.25 million Chevrolet vehicles were sold in more than 130 countries around the world. The Chevrolet brand accounts for 53 percent of GM’s overall sales and is one of the world’s fastest-growing vehicle brands.

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About Chevrolet:

Chevrolet is a global automotive brand, with annual sales of more than 4.25 million vehicles in more than 130 countries. Chevrolet provides consumers with fuel-efficient, safe and reliable vehicles that deliver high quality, expressive design, spirited performance and value. The Chevrolet portfolio includes iconic performance cars such as Corvette and Camaro; dependable, long-lasting pickups and SUVs such as Silverado and Suburban; and award-winning passenger cars and crossovers such as Spark, Cruze, Malibu, Equinox and Traverse. Additional information on Chevrolet can be found atwww.chevrolet.com.

About GM Vietnam:

GM Viet Nam Co. Ltd. (GM Vietnam) has headquarters and a manufacturing facility in Tu Hiep Commune, Thanh Tri District, Hanoi. It has an annual assembly capacity of 20,000 vehicles. It operates a nationwide sales network with 20 dealers, 22 showrooms and upgraded aftersales service centers in major cities. Additional information on GM Vietnam can be found at www.gmvietnam.com.vn and www.gmvietnam.vn.