GM Statement Regarding the Filing of General Motors Company's Current Report on Form...

Fri Aug 7, 2009 5:40pm EDT

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GM Statement Regarding the Filing of General Motors Company's Current Report
on Form 8-K

DETROIT, Aug. 7 /PRNewswire/ -- General Motors Company (GM) today filed with
the Securities and Exchange Commission (SEC) a Form 8-K with details on a
number of matters that have occurred since the new company launched on July
10, 2009 as well as a comprehensive review of the business. GM agreed to
provide this qualitative, non-financial information as part of its
understanding with the SEC regarding the company's filing requirements and
those of Motors Liquidation Company (formerly General Motors Corporation),
which sold substantially all of its assets to GM.

Some of the information filed today includes:

    --  information on ownership structure, corporate governance, directors
        executive officers and previously disclosed compensation details for
        2008 and 2009 as filed with the SEC by Motors Liquidation Company
        the name General Motors Corporation on March 5, 2009 and for 2009 by
        on July 16, 2009
    --  description of securities and warrants
    --  significant operational and financial agreements and related exhibits

    --  risk factors and regulatory issues that may affect GM's operations

"Today's disclosures are consistent with our commitment to remain transparent
and to keep the public informed of our progress," said Fritz Henderson, GM
president and CEO.

Although GM is a private company and not subject to the same filing
requirements as publicly held companies under the Securities Exchange Act of
1934, the company will continue to file certain information with the SEC about
material business matters as well as provide certain disclosures about the
company's financial status and key indicators of the company's progress.

Upon the completion of the third quarter 2009 and finalization of GM's
accounting records, the new company will file a Form 8-K with quarterly
information for the three- and nine-month periods ending September 30, 2009. 
The financial and related information will be consistent with information used
by management to assess operating results for the period but will not comply
with GAAP, as it will not incorporate "fresh start" accounting and other
adjustments related to the recently concluded 363 sale.

In 2010 GM plans to file a fully compliant Form 10 to register its common
stock under Section 12 of the Exchange Act, as well as fully compliant Forms
10-Q and 10-K, including GAAP compliant financials, for the periods ending
September 30, 2009 and December 31, 2009 respectively.

NOTE TO EDITORS: For additional media information visit


    Renee Rashid-Merem
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    Tom Wilkinson
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    Julie Gibson
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SOURCE  General Motors Company
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