New GM Emerges From Bankruptcy; Edmunds.com Comments

SANTA MONICA, Calif.--(Business Wire)--
A new General Motors emerged from Chapter 11 bankruptcy today as what is
promised to be a leaner, greener car company. In addition to announcing the
formation of the new, government controlled GM, it announced a plan for how the
company expects to become profitable, focusing on customers, cars and culture.

"In recent years, GM has been burdened by its history, making it almost
impossible to be truly competitive. This government supported bankruptcy, while
controversial, has created an opportunity--but not a guarantee--of success for
the new GM," said Jeremy Anwyl, CEO of Edmunds.com.

"GM is fortunate to get another shot, most likely its last one," said Michelle
Krebs, Sr. Editor, Edmunds` AutoObserver.com. "Its biggest challenge remains the
same one it has faced of late; that is, convincing consumers - now also GM`s
reluctant shareholders -- that the company truly is changing and understands
what type of vehicles the marketplace demands."

For more up to the minute information on industry news or the latest happenings
with Chrysler and General Motors, visit Edmunds` AutoObserver.com at
www.autoobserver.com. For additional information on Cash for Clunkers,
dealership closings and other news, visit Edmunds.com`s Industry News for Car
Shoppers at http://www.edmunds.com/industry-car-news/.

Edmunds.com spokespeople (including in Spanish) are available for interviews in
Edmunds.com`s television studio in its Santa Monica, Calif. headquarters.

Available spokespeople include:

* Jeremy Anwyl, Edmunds.com CEO (Los Angeles)
* Michelle Krebs, Edmunds` AutoObserver.com Senior Editor (Detroit)
* Jesse Toprak, Edmunds.com Senior Analyst (Los Angeles)
* Jessica Caldwell, Edmunds.com Analyst (Los Angeles)
* Bill Visnic, Edmunds` AutoObserver.com Editor (Pittsburgh)
* Kevin Smith, Edmunds.com Editorial Director (Los Angeles)
* Karl Brauer, Edmunds.com Editor In Chief (Los Angeles)
* Kattya Nesen, Edmunds.com Spanish Analyst (Los Angeles)

About Edmunds Inc. (http://www.edmunds.com/help/about/)

Edmunds Inc. publishes four Web sites that empower, engage and educate
automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online
resource for automotive consumer information, launched in 1995 as the first
automotive information Web site. Its most popular feature, the Edmunds.com True
Market Value®, is relied upon by millions of people seeking current transaction
prices for new and used vehicles. Edmunds.com was named "Best Car Research Site"
by Forbes ASAP, has been selected by consumers as the "Most Useful Web Site"
according to every J.D. Power and Associates New Autoshopper.com Study(SM), was
ranked first in the Survey of Car-Shopping Web Sites by The Wall Street Journal
and was rated "#1" in Keynote's study of third-party automotive Web sites.
Inside Line launched in 2005 and is the most-read automotive enthusiast Web
site. CarSpace launched in 2006 and is an automotive social networking Web site
and home to the oldest and most established automotive community.
AutoObserver.com launched in 2007 and provides insightful automotive industry
commentary and analysis. Edmunds Inc. is headquartered in Santa Monica,
California, and maintains a satellite office in suburban Detroit.

Edmunds.com Corporate Communications
Chintan Talati and Jeannine Fallon
Media Hotline: 310-309-4900
pr@edmunds.com
www.edmunds.com

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