GM STATEMENT ON INVESTMENT ANNOUNCEMENT

December 14, 2016 by General Motors

General Motors today announced investments of $552 million for key U.S. manufacturing facilities located in Tonawanda, Lockport and Rochester, New York and Parma, Ohio.

Quote from GMNA Manufacturing and Labor Relations Vice President Cathy Clegg

'GM remains committed to investing in its U.S. operations. With these latest projects we have announced investments of $2.2 billion in 2016, allowing us to support the production of future engines and vehicles.'

Quote from UAW GM Vice President Cindy Estrada

'The UAW's negotiations with GM to reinvest in the Tonawanda, Rochester, Lockport and Parma plants have paid off not only for our members but also for those communities. Our strategic bargaining efforts will keep and grow great American auto manufacturing jobs in places that have seen too much manufacturing disappear and will solidify the job security our members deserve.'

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 31 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

GM Production Announcement Fact Sheet

Investment details

◾New York: $333.66 million ◾Tonawanda Engine – $295.9 million for future engine production ◾857 retained and 67 new jobs

◾Lockport – $31.86 million for components ◾320 retained jobs (incl. 13 salaried)

◾Rochester – $5.9 million components ◾20 retained jobs

◾Ohio: $218 million ◾Parma Metal Center – $218 million for new presses, dies and sub assemblies ◾140 retained jobs

posted on conceptcarz.com

GM STATEMENT ON INVESTMENT ANNOUNCEMENT

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