EX-99
2
gmallisonex991080707.txt
PRESS RELEASE ON SALE OF ALLISON TRANSMISSION
Exhibit 99.1
[GRAPHIC OMITTED]
General Motors
GM Communications
New York, NY, USA
media.gm.com
For Immediate Release:
Aug. 7, 2007
GM Completes Sale of Allison Transmission for $5.6 Billion
New York -- General Motors Corp. (NYSE:GM) today announced that it has completed
the sale of its Allison Transmission commercial and military business to The
Carlyle Group and Onex Corporation for approximately $5.6 billion.
The company expects to use the funds to strengthen liquidity and support heavy
investments in new products and technology, such as its continued energy
diversity initiatives.
General Motors Corp. (NYSE: GM), the world's largest automaker based on 2006
sales, has been the annual global industry sales leader for 76 years. Founded in
1908, GM today employs about 280,000 people around the world. With global
headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In
2006, nearly 9.1 million GM cars and trucks were sold globally under the
following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER,
Opel, Pontiac, Saab, Saturn and Vauxhall. GM's OnStar subsidiary is the industry
leader in vehicle safety, security and information services. More information on
GM can be found at www.gm.com.
Forward-looking statements
In this press release and related comments by GM's management, we use words like
"expect", "anticipate", "plan", "intend", "pursue", or "believe", to identify
forward-looking statements that represent our current judgments about possible
future events. We believe these judgments are reasonable, but the actual events
may differ materially due to a variety of important factors. Among other items,
such factors include events that could change our priorities for capital
spending or changes in the general business environment or economic conditions.
###
Contacts:
Melisa Tezanos
GM Financial Communications
Office: 212.418.6261
Mobile: 212.542.0358
Melisa.tezanos@gm.com

EX - 99 2 gmallisonex991080707 . txt PRESS RELEASE ON SALE OF ALLISON TRANSMISSION Exhibit 99 . 1 [ GRAPHIC OMITTED ] General Motors GM Communications New York , NY , USA media.gm.com For Immediate Release : Aug. 7 , 2007 GM Completes Sale of Allison Transmission for $ 5.6 Billion New York -- General Motors Corp . ( NYSE : GM ) today announced that it has completed the sale of its Allison Transmission commercial and military business to The Carlyle Group and Onex Corporation for approximately $ 5.6 billion . The company expects to use the funds to strengthen liquidity and support heavy investments in new products and technology , such as its continued energy diversity initiatives . General Motors Corp . ( NYSE : GM ) , the world 's largest automaker based on 2006 sales , has been the annual global industry sales leader for 76 years . Founded in 1908 , GM today employs about 280,000 people around the world . With global headquarters in Detroit , GM manufactures its cars and trucks in 33 countries . In 2006 , nearly 9 . 1 million GM cars and trucks were sold globally under the following brands : Buick , Cadillac , Chevrolet , GMC , GM Daewoo , Holden , HUMMER , Opel , Pontiac , Saab , Saturn and Vauxhall . GM 's OnStar subsidiary is the industry leader in vehicle safety , security and information services . More information on GM can be found at www.gm.com . Forward - looking statements In this press release and related comments by GM 's management , we use words like " expect " , " anticipate " , " plan " , " intend " , " pursue " , or " believe " , to identify forward - looking statements that represent our current judgments about possible future events . We believe these judgments are reasonable , but the actual events may differ materially due to a variety of important factors . Among other items , such factors include events that could change our priorities for capital spending or changes in the general business environment or economic conditions . # # # Contacts : Melisa Tezanos GM Financial Communications Office : 212 . 418 . 6261 Mobile : 212 . 542 . 0358 Melisa.tezanos@gm.com