October 11, 2007

General Motors UAW employees ratify labour agreement

Detroit, Michigan – General Motors confirmed that its UAW-represented employees have ratified the GM-UAW 2007 national labour agreement. GM and the UAW reached a tentative agreement on Wednesday, September 26, after more than two months of bargaining. The new four-year agreement covers approximately 74,000 hourly employees located in more than 80 U.S. facilities.

“We are very pleased that our UAW-represented employees have ratified the new labour contract,” said Rick Wagoner, GM CEO and Chairman of the Board. “I especially thank UAW President Ron Gettelfinger and Vice President Cal Rapson, as well as the members of the GM and UAW negotiating teams, for their hard work in reaching an innovative agreement that effectively addresses the needs of our employees and retirees, while providing a basis for improved competitiveness that will support future U.S. investments.”

GM intends to file a current report with the Securities and Exchange Commission within the next four business days that will outline the key terms of the healthcare agreement.

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