January 2, 2004

GM, Magna, CAW offer financial assistance to tsunami victims

Detroit, Michigan – General Motors, auto parts maker Magna International, and the Canadian Auto Workers union, have all pledged financial aid to the victims of the Asian tsunami.

GM announced that the GM Foundation will donate U.S.$1 million in cash to the International Response Fund of the American Red Cross. As well, the company will match up to U.S.$1 million in contributions made by GM employees to the International Response Fund of the American Red Cross, UNICEF and CARE. GM employees can make direct contributions to these organizations by using the company’s Global Aid Disaster Relief website.

In addition, General Motors will provide vehicles to assist in the movement of medical equipment and supplies in areas affected by the storms.

Canadian auto parts maker, Magna International, announced it will donate US$100,000 to the Canadian Red Cross. “In making this donation, I am conscious that no doubt several of our 80,000 employees in 23 countries have relatives and friends in Indonesia, Sri Lanka, India, Thailand, and other nations affected by the tragedy,” said Frank Stronach, chairman of the board of Magna International.

The Canadian Auto Workers union is donating $150,000 to the Canadian Red Cross. In addition, CAW Local 444 in Windsor, Ontario has donated $25,000 to the
Red Cross.

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