GM Announces June Sales Incentives

Additional Customer Cash Added on Selected Vehicles
Program Continues 0.0 Percent Financing for Five Years on Most GM Vehicles

DETROIT - General Motors Corp. today announced its latest marketing program which runs from June 3 through July 7, 2003. GM is offering cash rebates of up to $4,000 on select new 2003 GM vehicles or zero percent financing for five years for qualified buyers on the purchase of new 2003 GM Buick, Chevrolet (except Corvette), GMC, Oldsmobile, Pontiac, Saab and Saturn vehicles.

The program also includes 0.0/0.0/0.0 percent APR finance rates for qualified buyers on the purchase of the 2003 Cadillac Escalade, ESV and EXT; 1.9/2.9/3.9 percent finance rates on the 2003 CTS; and 5.9/5.9/5.9 percent finance rates on the 2003 DeVille, SLS and STS.

"We've been pleased with consumers' and dealers' response to our May marketing program," said John Smith, group vice president of GM North America Vehicle, Sales, Service and Marketing. "While we've made some modifications, this marketing program, in combination with our '24-Hour Test Drive' and 'GM in the Driveway' programs should position us well for the summer selling season."

A national advertising campaign including print advertising will begin on June 5.

GM continues its "thank you" program through September 2, 2003 for military personnel, including active duty, Reserve, National Guard and retired members of the U.S. Air Force, Army, Navy, Marines and Coast Guard, which includes $750 cash back on the purchase or lease of any new GM car or truck, 90-day deferred payments when financing through dealers and GMAC and attractive GMAC financing.

Following are the terms for GM's 2003 models (for qualified buyers) - June 3 through July 7:

0.0/0.0/0.0/1.9 36/48/60/72 Buick Chevrolet (excluding Corvette) GMC Oldsmobile Pontiac Saturn 0.0/0.0/0.0 36/48/60 Cadillac Escalade, ESV and EXT Saab 0.0/2.9/3.9 36/48/60 Chevrolet Corvette 1.9/2.9/3.9 36/48/60 Cadillac CTS Pontiac Grand Prix (2004) 5.9/5.9/5.9 36/48/60 Cadillac DeVille SLS STS

Or Customer Cash: $4,000 cash on Buick LeSabre; Chevrolet Cavalier, S10, Tracker and Avalanche; GMC Sonoma, Oldsmobile Silhouette; and Pontiac Sunfire, Grand Prix and Grand Am (4-cylinder only). $2,000 cash on Chevrolet Corvette, Pontiac Vibe and Saturn VUE and ION. $1,000 cash on 2004 Pontiac Grand Prix. $3,000 on all other Buick, Chevrolet, GMC, Oldsmobile, Pontiac and Saturn passenger cars and trucks.

General Motors Corp. , the world's largest vehicle manufacturer, employs 342,000 people globally in its core automotive business and subsidiaries. Founded in 1908, GM has been the global automotive sales leader since 1931. GM today has manufacturing operations in 32 countries, and its vehicles are sold in more than 190 countries. In 2002, GM sold more than 8.6 million cars and trucks, nearly 15 percent of the global vehicle market. GM's global headquarters is at the GM Renaissance Center in Detroit. More information on GM and its products can be found on the company's consumer website at www.gm.com.