GM Thanks Its Loyal Owners A Thousand Times

$3,000 Total Cash Available For Current GM Owners

DETROIT - General Motors Corp. today announced its latest retail marketing program. GM will reward its owners with $1,000 loyalty cash toward the purchase or lease of any '02 or '03 model vehicle (Excluding HUMMER), effective March 1 through March 31.

In addition, GM will offer customer cash rebates of $2,000 on most Buick, Chevrolet, GMC, Oldsmobile and Pontiac 2003 models, making $3,000 cash available for current GM owners. GM will also offer 0.0% APR finance rates for qualified buyers on most '03 passenger car and truck models. Excluded from this portion of the program are Cadillac, HUMMER, Saab and Chevrolet Corvette.

These exciting new offers can also be combined with GM's current lease pull-ahead program* and the GM Card Program.**

"It's a great time to purchase a GM vehicle," said John Smith, group vice president of GM North America Vehicle Sales, Service and Marketing. "Our truck lineup is the best in the industry, we are bringing out more new cars than at anytime in our history, and we have the highest industry loyalty ratings from R.L. Polk for three years running. Our new marketing program rewards our loyal GM customers, and provides flexibility and affordability for any consumer shopping for a new GM vehicle."

National print advertising for the new program will begin on Saturday, March 1, with ads running in top markets around the country. (See attached ad)

Following are terms for GM's 2003 Models (for qualified buyers)
(March 1 through March 31, 2003):

Note: GM sales and production results are available on GM Media OnLine at http://media.gm.com by clicking on News, then Sales/Production. In this press release and related comments by General Motors management, our use of the words "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions is intended to identify forward looking statements. While these statements represent our current judgment on what the future may hold, and we believe these judgments are reasonable, actual results may differ materially due to numerous important factors that are described in GM's most recent report on SEC Form 10-K (at page 11-15, 16) which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. Such factors include, among others, the following: changes in economic conditions, currency exchange rates or political stability; shortages of fuel, labor strikes or work stoppages; market acceptance of the corporation's new products; significant changes in the competitive environment; changes in laws, regulations and tax rates; and, the ability of the corporation to achieve reductions in cost and employment levels to realize production efficiencies and implement capital expenditures at levels and times planned by management.