FOR RELEASE: October 12, 2000
CONTACT: Mark A. Tanner
PHONE: (313) 665-3146
CONTACT: Catherine Dunsby
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GENERAL MOTORS 2000 HIGHLIGHTS - Q3 FINANCIAL RESULTS

     HIGHLIGHTS - Q3 Summary Financial Highlights

                                                 Three Months Ended
                                                    September 30,
                                               ---------------------

                                                   2000       1999
                                                ---------  ---------

     Total net sales and revenues
       (Dollars in billions)                       $42.6     $42.8
                                                  ------    ------
     Consolidated net income
       (Dollars in millions)                        $829      $877
     .............................................................
     Earnings Per Share Attributable to Common Stocks Assuming
     Dilution

       $1-2/3 par value                            $1.55     $1.33
       Class H                                    $(0.09)   $(0.04)(1)
     .............................................................
     Return on net assets (RONA) for continuing
     operations on a four quarter rolling average
     excluding Hughes                              12.5%      14.2%
     .............................................................
     Total Cash (Dollars in billions)(2)           $13.5     $16.7
     .............................................................
     Total $1-2/3 shares repurchased (3)
       (Shares in millions)                          3.8       2.9
     Cost of $1-2/3 shares acquired
       (Dollars in millions)                        $237      $202
     .............................................................

                                                 Net profit margins
                                                 Three Months Ended
                                                    September 30,
                                                --------------------
                                                     2000      1999
                                                 ---------  ---------

     GM North America (GMNA)                         2.8%       2.5%
     GM Europe (GME)                                (3.4%)      0.5%
     GM Latin America/Africa/Mid-East (GMLAAM)       2.0%      (3.0%)
     GM Asia/Pacific (GMAP)                         (1.1%)     (6.1%)

       Total GM Automotive (GMA)                     1.7%       1.7%

     Hughes                                         (4.2%)     (1.5%)

       Total Automotive, Communications
         Services, and Other Operations              1.2%       1.3%

     GMAC                                            6.7%       7.6%

     Consolidated net income                         1.9%       2.0%


     (1) The 1999 earnings per share amount attributable to the 
         GM Class H common stock was restated to reflect the  
         three-for-one stock split of the GM Class H common stock, 
         in the form of a 200% stock dividend, paid on June 30, 2000.
     (2) Total cash includes cash and marketable securities as
         well as $3.0 billion invested in short-term fixed income 
         securities of the Corporation's Voluntary Employees'
         Beneficiary Association Trust.
     (3) Shares repurchased in 1999 were part of the $4 billion
         repurchase program and shares repurchased in 2000 were part
         of the $1.4 billion repurchase program.

                                    

     HIGHLIGHTS - Q3 Financial Results
     (Dollars in Millions Except
     Per Share Amounts)
                                                 Three Months Ended
                                                    September 30,
                                               ---------------------

                                                   2000       1999
                                                ---------  ---------

     Total net sales and revenues                $42,606   $42,794
                                                  ------    ------
     Consolidated net income                        $829      $877
     .............................................................
      Earnings Attributable to Common Stocks
       $1-2/3 par value                             $878      $866
       Class H                                      $(76)     $(17)
     .............................................................
     Basic Earnings Per Share Attributable to Common Stocks
       $1-2/3 par value                            $1.57     $1.35
       Class H                                    $(0.09)   $(0.04) (2)
     .............................................................
     Earnings Per Share Attributable to Common Stocks Assuming
     Dilution
       $1-2/3 par value                            $1.55     $1.33
       Class H                                    $(0.09)   $(0.04) (2)
     .............................................................
     Cash Dividends Per Share of Common Stocks
       $1-2/3 par value                            $0.50     $0.50
       Class H                                     $   -     $   -
     .............................................................
     Book Value Per Share of Common Stocks
                              Sept. 30,     Dec. 31,     Sept. 30,
                                2000         1999          1999
                              --------      -------      --------
       $1-2/3 par value        $40.09       $27.02         $20.59
       Class H                  $8.02        $5.40(2)       $4.12 (2)
     .............................................................

     See footnotes
                   

     HIGHLIGHTS - Q3 Net Income by Segment
     (Dollars in Millions)
                                                     Income/(Loss)
                                                 Three Months Ended
                                                    September 30,
                                               ----------------------
                                                  2000        1999
                                               --------     --------

     GM North America (GMNA)                      $728        $671
     GM Europe (GME)                              (181)         32
     GM Latin America/Africa/Mid-East (GMLAAM)      31         (36)
     GM Asia/Pacific (GMAP)                        (10)        (54)
                                                 -----       -----
       Total GM Automotive (GMA)                  $568        $613
     Hughes (3)                                    (88)        (30)
     Other                                         (57)        (96)
                                                 -----       -----
       Total Automotive, Communications
         Services, and Other Operations           $423        $487

     GMAC                                         $401        $393
     Other                                           5          (3)
                                                 -----       -----
       Total Financing and Insurance Operations   $406        $390
                                                 -----       -----
     Consolidated Net Income                      $829        $877
                                                 =====       =====
     Net profit margin from
       Total GM Automotive (GMA)                   1.7%        1.7%
       Consolidated net income                     1.9%        2.0%

                                              Three Months Ended
                                             September 30, 2000
                                      --------------------------------
                                       GMNA   GME     GMLAAM    GMAP
                                      -----  ------   ------   ------

     Total net sales and revenues   $26,171  $5,339   $1,524     $952
                                     ------   -----    -----      ---
     Pre-tax income (loss)           $1,086   $(265)     $(9)     $(7)
     Income tax expense (benefit)       344     (81)     (27)      10
     Equity income/(loss) and
       minority interests               (14)      3       13        7
                                      -----   -----    -----      ---
     Net income (loss)                 $728   $(181)     $31     $(10)
                                      =====   =====    =====      ===

     Net profit (loss) margin           2.8%   (3.4%)    2.0%    (1.1%)
     Effective income tax rate         31.7%   30.6%   300.0%  (142.9%)

                                             Three Months Ended
                                             September 30, 1999
                                      --------------------------------
                                       GMNA   GME     GMLAAM    GMAP
                                      -----  ------   ------   ------

     Total net sales and revenues   $26,566  $6,391   $1,200     $884
                                     ------   -----    -----      ---
     Pre-tax income (loss)           $1,008     $52     $(79)     $12
     Income tax expense (benefit)       336      19      (37)      11
     Equity income/(loss) and
       minority interests                (1)     (1)       6      (55)
                                      -----   -----    -----      ---
     Net income (loss)                 $671     $32     $(36)    $(54)
                                      =====   =====    =====      ===

     Net profit (loss) margin           2.5%    0.5%    (3.0%)   (6.1%)
     Effective income tax rate         33.3%   36.5%    46.8%    91.7%
     .................................................................

     See footnotes 

                                          
     HIGHLIGHTS - Q3 Operating Information
                                      Three Months Ended
                                       September 30,
                                    ---------------------
                                       2000         1999
                                      -------      -------
     Worldwide Wholesale Sales (units in 000s)
       United States:   Cars             611          581
                        Trucks           563          618
                                      ------       ------
         Total United States           1,174        1,199
       Canada and Mexico                 154          142
                                      ------       ------
           Total GM North America      1,328        1,341
                                      ------       ------
       GME                               396          446
       GMLAAM                            181          141
       GMAP                              134          121
                                      ------       ------
         Total International             711          708
                                      ------       ------
             Total Worldwide           2,039        2,049
                                      ======       ======
     ....................................................
     Vehicle Unit Deliveries (units in 000s)
     United States
       Chevrolet - Cars                  230          231
                 - Trucks                420          447
       Pontiac                           167          153
       GMC                               123          138
       Buick                             108          122
       Oldsmobile                         67           87
       Saturn                             71           61
       Cadillac                           51           46
       Other                              12           13
                                      ------       ------
         Total United States           1,249        1,298
       Canada and Mexico                 186          168
                                      ------       ------
         Total GM North America        1,435        1,466
                                      ------       ------
       GME                               413          483
       GMLAAM                            153          149
       GMAP                              128          121
                                      ------       ------
         Total International             694          753
                                      ------       ------
             Total Worldwide           2,129        2,219
                                      ======       ======
     .....................................................
     Market share
       United States
         Cars                           29.2%        29.5%
         Trucks                         25.6%        28.2%
           Total                        27.4%        28.9%
       Total North America              27.4%        28.6%
       Total Europe                      8.9%         9.8%
       Latin America (4)                20.7%        20.0%
       Asia and Pacific                  4.0%         4.0%
             Total Worldwide            15.2%        15.9%
     .....................................................
     U.S. Retail/Fleet Mix
       % Fleet Sales - Cars             28.6%        21.8%
       % Fleet Sales - Trucks           12.9%         9.5%
       Total vehicles                   21.3%        15.9%
      ....................................................
      Days Supply of Inventory - U.S.
       Cars                               71           65
       Trucks                            105           82
     .....................................................
      Capacity Utilization %
      U.S. and Canada (2-shift rated)   87.7%        91.1%
      ....................................................
      GMNA
       Net Price (%)                    (0.3)%        0.4%
      ....................................................
       
     See footnotes 
                                               
  
     HIGHLIGHTS - Q3 Other Financial Information
     (Dollars in Millions)

                                      Three Months Ended
                                        September 30,
                                   ----------------------
                                      2000         1999
                                   ---------   ----------

     Depreciation and Amortization (1)
       Depreciation                   $1,002       $1,004
       Amortization of special tools     537          635
       Amortization of intangible
         assets                           57           78
                                      ------        -----
            Total                     $1,596       $1,717
                                      ======        =====
     ....................................................
     Worldwide Employment at September 30 (in 000s)
       GMNA                              212          219
       GME                                90           82(5)
       GMLAAM                             24           23
       GMAP                               11           10
       Hughes                             18           18
       GMAC                               27           27
       Other                              13           12
                                      ------       ------
         Total                           395          391
                                      ======       ======
     ....................................................
     Worldwide Payrolls               $5,229       $5,469
     ....................................................
     
     FOOTNOTES

     (1)   Amounts exclude depreciation and amortization charges
           incurred by financing and insurance operations.
     (2)   The 1999 earnings per share and book value per  
           share amounts attributable to the GM Class H common 
           stock were restated to reflect the three-for-one stock
           split of the GM Class H common stock, in the form of 
           a 200% stock dividend, paid on June 30, 2000.
     (3)   Excludes the effects of purchase accounting adjustments 
           related to General Motors' acquisition of Hughes in 1985, 
           and excludes Hughes Series A Preferred Stock dividends 
           payable to General Motors.
     (4)   Latin America excludes the Middle East and Africa.
     (5)   1999 excludes Saab employees.

                                   

     HIGHLIGHTS - Q3 Financial Results
     (Dollars in Millions Except
     Per Share Amounts)
                                                 Nine Months Ended
                                                   September 30,
                                               ---------------------
                                                  2000        1999
                                               ---------   ---------

     Total net sales and revenues               $138,207  $130,296
                                                  ------    ------
     Income from continuing operations            $4,363    $4,431
     Income from discontinued operations               -       426
                                                  ------    ------
     Consolidated net income                      $4,363    $4,857
     .............................................................
     Earnings Attributable to Common Stocks
       $1-2/3 par value
       Continuing operations                      $4,424    $4,400
       Discontinued operations                         -       426
                                                  ------    ------
       $1-2/3 par value                           $4,424    $4,826
       Class H                                     $(144)     $(20)
     .............................................................
     Basic Earnings Per Share Attributable to Common Stocks
       $1-2/3 par value
       Continuing operations                       $7.51     $6.79
       Discontinued operations                         -      0.66
                                                  ------    ------
       $1-2/3 par value                            $7.51     $7.45
       Class H                                    $(0.23)   $(0.06)(2)
     .............................................................
     Earnings Per Share Attributable to Common Stocks Assuming
     Dilution
       $1-2/3 par value
       Continuing operations                       $7.37     $6.67
       Discontinued operations                         -      0.65
                                                  ------    ------
       $1-2/3 par value                            $7.37     $7.32
       Class H                                    $(0.23)   $(0.06)(2)
     .............................................................
     Cash Dividends Per Share of Common Stocks
       $1-2/3 par value                            $1.50     $1.50
       Class H                                     $   -     $   -
     .............................................................

     See footnotes

     HIGHLIGHTS - Q3 Net Income by Segment
     (Dollars in Millions)
                                                 Income/(Loss)
                                               Nine Months Ended
                                                 September 30,
                                           ------------------------
                                                  2000        1999
                                               --------     --------

     GM North America (GMNA)                    $3,428      $3,575
     GM Europe (GME)                               206         393
     GM Latin America/Africa/Mid-East (GMLAAM)      42         (99)
     GM Asia/Pacific (GMAP)                       (126)       (195)
                                                 -----       -----
       Total GM Automotive (GMA)                $3,550      $3,674
     Hughes (3)                                   (229)        (44)
     Other                                        (162)       (387)
                                                 -----       -----
       Total Automotive, Communications
         Services, and Other Operations         $3,159      $3,243

     GMAC                                       $1,193      $1,176
     Other                                          11          12
                                                 -----       -----
       Total Financing and Insurance Operations $1,204      $1,188
                                                 -----       -----
     Income from continuing operations          $4,363      $4,431
     Income from discontinued operations             -         426
                                                 -----       -----
     Consolidated Net Income                    $4,363      $4,857
                                                 =====       =====
     Net profit margin from
       Total GM Automotive (GMA)                   3.2%        3.4%
       Income from continuing operations           3.2%        3.4%

                                             Nine Months Ended
                                             September 30, 2000
                                      --------------------------------
                                       GMNA   GME     GMLAAM    GMAP
                                      -----  ------   ------   ------

     Total net sales and revenues   $85,984 $19,315   $4,282   $2,605
                                     ------  ------    -----    -----
     Pre-tax income (loss)           $5,068    $362     $(77)     $26
     Income tax expense (benefit)     1,604     164      (74)      21
     Equity income/(loss) and
       minority interests               (36)      8       45     (131)
                                      -----  ------    -----    -----
     Net income (loss)               $3,428    $206      $42    $(126)
                                      =====  ======    =====    =====

     Net profit (loss) margin           4.0%    1.1%    1.0%    (4.8%)
     Effective income tax rate         31.6%   45.3%   96.1%    80.8%

                                             Nine Months Ended
                                             September 30, 1999
                                      --------------------------------
                                       GMNA   GME     GMLAAM    GMAP
                                      -----  ------   ------   ------

     Total net sales and revenues   $82,793 $19,669   $3,448   $2,246
                                     ------  ------    -----    -----
     Pre-tax income (loss)           $5,264    $605    $(224)    $(49)
     Income tax expense (benefit)     1,685     208     (106)      (8)
     Equity income/(loss) and
       minority interests                (4)     (4)      19     (154)
                                      -----  ------    -----    -----
     Net income (loss)               $3,575    $393     $(99)   $(195)
                                      =====  ======    =====    =====

     Net profit (loss) margin           4.3%    2.0%   (2.9%)   (8.7%)
     Effective income tax rate         32.0%   34.4%   47.3%    16.3%
     ................................................................

     See footnotes 
     

     HIGHLIGHTS - Q3 Operating Information

                                     Nine Months Ended
                                       September 30,
                                   ----------------------
                                      2000         1999
                                   ---------   ----------
     Worldwide Wholesale Sales (units in 000s)
       United States:   Cars           1,917        1,916
                        Trucks         1,906        1,954
                                      ------       ------
         Total United States           3,823        3,870
       Canada and Mexico                 570          510
                                      ------       ------
           Total GM North America      4,393        4,380
                                      ------       ------
       GME                             1,434        1,471
       GMLAAM                            470          399
       GMAP                              345          312
                                      ------       ------
         Total International           2,249        2,182
                                      ------       ------
             Total Worldwide           6,642        6,562
                                      ======       ======
     ....................................................
     Vehicle Unit Deliveries (units in 000s)
     United States
       Chevrolet - Cars                  706          683
                 - Trucks              1,342        1,299
       Pontiac                           487          485
       GMC                               412          408
       Buick                             322          357
       Oldsmobile                        225          282
       Saturn                            216          178
       Cadillac                          148          133
       Other                              29           31
                                      ------       ------
         Total United States           3,887        3,856
       Canada and Mexico                 541          512
                                      ------       ------
         Total GM North America        4,428        4,368
                                      ------       ------
       GME                             1,459        1,531
       GMLAAM                            436          401
       GMAP                              349          337
                                      ------       ------
         Total International           2,244        2,269
                                      ------       ------
             Total Worldwide           6,672        6,637
                                      ======       ======
     ....................................................
     Market share
       United States
         Cars                           28.8%        30.3%
         Trucks                         27.1%        27.8%
           Total                        27.9%        29.1%
       Total North America              27.8%        28.9%
       Total Europe                      9.4%         9.8%
       Latin America (4)                20.2%        19.8%
       Asia and Pacific                  3.6%         3.7%
             Total Worldwide            15.2%        15.7%
     .....................................................
     U.S. Retail/Fleet Mix
       % Fleet Sales - Cars             27.5%        25.9%
       % Fleet Sales - Trucks           15.5%        13.3%
       Total vehicles                   21.7%        20.0%
     .....................................................
      Capacity Utilization %
      U.S. and Canada (2-shift rated)   89.9%        89.7%
      .....................................................

      See footnotes 


     HIGHLIGHTS - Q3 Other Financial Information
     (Dollars in Millions Except Per Share Amounts)

                                      Nine Months Ended
                                        September 30,
                                   ----------------------
                                      2000         1999
                                   ---------   ----------

     Depreciation and Amortization (1)
       Depreciation                   $2,964       $3,075
       Amortization of special tools   1,852        1,889
       Amortization of intangible
         assets                          209          157
                                       -----        -----
            Total                     $5,025       $5,121
                                       =====        =====
     ....................................................

     Worldwide Payrolls               $16,589     $16,450
     ....................................................

     FOOTNOTES

     (1) Amounts exclude depreciation and amortization charges
         incurred by financing and insurance operations.
     (2) The 1999 earnings per share amount attributable to 
         the GM Class H common stock was restated to reflect the 
         three-for-one stock split of the GM Class H common stock,
         in the form of a 200% stock dividend, paid on June 30, 2000.
     (3) Excludes the effects of purchase accounting adjustments 
         related to General Motors' acquisition of Hughes in 1985,
         and excludes Hughes Series A Preferred Stock dividends 
         payable to General Motors.
     (4) Latin America excludes the Middle East and Africa.
Go To: GM Reports 3rd-Quarter Revenue, Net Income and Earning Per Share
General Motors Consolidated Statements of Income 3rd Quarter 2000

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