General Motors (NYSE: GM) announced today that the U.S. Department of the Treasury has informed the company that the support of more than 54% of the bondholders allows GM to proceed with the 363 Sale Proposal announced in a Form 8-K filing on May 28, 2009.

General Motors Corp. (NYSE: GM), one of the world's largest automakers, was founded in 1908, and today manufactures cars and trucks in 34 countries. With its global headquarters in Detroit, GM employs 235,000 people in every major region of the world, and sells and services vehicles in some 140 countries. In 2008, GM sold 8.35 million cars and trucks globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. GM's largest national market is the United States, followed by China, Brazil, the United Kingdom, Canada, Russia and Germany. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on GM can be found at www.gm.com.

NOTE TO EDITORS: For additional media information visit http://media.gm.com.

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/PRNewswire -- May 31/

SOURCE General Motors Corporation