FIRST-QUARTER 2020 EARNINGS GM Reports Income of $0.3 Billion • EPS-diluted of $0.17 and EPS-diluted-adjusted of $0.62. • COVID-19 impact on EBIT-adjusted was $(1.4) billion. and EBIT-Adjusted of $1.2 Billion • Ended quarter with $33.4 billion in automotive liquidity. Q1 2020 RESULTS OVERVIEW Net Revenue Income Auto Operating Cash Flow EPS-Diluted* GAAP $32.7B $0.3B $0.3B $0.17 vs. Q1 2019 (6.2%) (86.7%) +$2.5B (88.5%) EBIT-adj. Margin EBIT-adj. Adj. Auto FCF EPS-Diluted-adj.* Non-GAAP 3.8% $1.2B $(0.9)B $0.62 vs. Q1 2019 (2.8) pts (45.9%) +$3B (56%) *includes a $(0.28) impact from Lyft and PSA. The strength of this company has always been its people, and I am proud to stand with our best as we confront these challenges together - as one team - while we continue our transformation. We have a track record of making swift, strategic and tough decisions to ensure our long-term viability and create value for all of our stakeholders.” – Mary Barra, Chairman and CEO SAFETY“ AS A TOP PRIORITY MAINTAINING A STRONG LIQUIDITY POSITION To protect the safety of employees in response to the When GM suspended operations, it also moved COVID-19 pandemic, GM extended its January holiday quickly to preserve its liquidity. GM ended the quarter shutdown in China, and suspended production in with a strong $33.4 billion in automotive liquidity, North and South America in March. Under rigorous including an approximately $16 billion drawdown safety protocols, production was able to continue from its revolving credit facilities. In addition, the through the frst quarter in Korea, and operations company extended $3.6 billion under its three-year gradually restarted in China mid-February. revolving credit agreement, and GM and GM Financial renewed their 364-day $2 billion revolver. Considerable planning is underway to restart operations in North America. Based on conversations GM has implemented aggressive austerity measures and collaboration with unions and government to preserve cash to ensure the ongoing viability of its ofcials, GM is targeting to restart the majority of operations. This included global executive and salaried manufacturing operations on May 18 in the U.S. and compensation deferments, and adjusted non-critical Canada under extensive safety measures. These program timing. GM has suspended the quarterly global, standardized measures were informed by dividend on its common stock and the company’s learnings from GM facilities in China; Korea; Kokomo, share repurchase program was also paused. In Indiana; Arlington, Texas; Warren, Michigan; Customer addition, GM has taken many actions over the past Care & Aftersales operations, as well as collaboration number of years to strengthen the business and with union leadership and supplier partners. These ensure a strong foundation in preparation for a procedures meet or exceed CDC and WHO guidelines, downturn. and are designed to keep people safe when they FIGHTING A GLOBAL PANDEMIC arrive, while they work and as they leave the facility. Early on in this crisis, GM recognized that it had the capability to quickly support production of crucial medical equipment. In April, GM began producing and shipping critical care ventilators in collaboration with Ventec Life Systems at GM’s Kokomo facility. In less than a month, GM accepted a 30,000-unit order from the federal government. In a separate efort, GM temporarily converted its Warren plant to make personal protective equipment and has donated one million face masks. SAIC-GM-Wuling in China and GM Mexico have also been manufacturing face masks, and Operator inspects face masks at GM’s Warren manufacturing facility. GM is preparing a plant in Canada to do the same.

SEGMENT RESULTS (EBIT-ADJUSTED—$B) North America International Cruise GM Financial (EBT) Q1 20 Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 2.2 1.9 (0.6) 0.0 (0.2) (0.2) 0.2 0.4 EBIT-adj. higher primarily as a China equity income down Making rapid progress toward EBT-adj. lower due primarily to result of strong sales of light- $(0.5) billion year over year superhuman driving increase in loan loss reserve duty pickups and full-size primarily as a result of the performance and will continue related to COVID-19. GM SUVs, and transformational impact of COVID-19, partially to hire engineering talent in Q2. Financial paid a $400 million cost actions, partially ofset by ofset by cost actions.
 dividend to GM in the first l o w e r v o l u m e f r o m quarter. suspending production.
 We are focused on preserving liquidity and COMMITTED TO AN ALL-ELECTRIC FUTURE taking the right actions today to make the During the pandemic, product development work on company stronger and more competitive in the the company’s future EV and AV portfolios is long term as we navigate through these progressing at a rapid pace. In addition, ongoing work unprecedented times.” continues at Detroit-Hamtramck to convert the facility “ – Dhivya Suryadevara, CFO to be GM’s frst assembly plant fully devoted to EVs. SUPPORTING THE CUSTOMER In March, GM shared its EV strategy and showcased Putting people frst also means taking care of how its technical expertise, fexibility and scale customers. GM’s CCA business continued to support position the company to lead in the future of EVs, essential work for customers’ service and growing sales quickly, efciently and proftably. This maintenance needs. Dealerships increased use of the strategy includes a modular propulsion system and a online selling tool Shop. Click. Drive., propelling highly fexible, third-generation global EV platform signifcant customer engagement. Ninety percent of powered by the proprietary Ultium battery system. participating dealers ofer a touchless home delivery to ensure customers can purchase a vehicle safely. The Cruise Origin was revealed in San Francisco earlier Service departments also remained open where this year, and production timing remains on track for permitted. In addition, GM Financial is ofering the yet-to-be-revealed Cadillac Lyriq and GMC solutions for customers, including deferring payments HUMMER EV all powered by the Ultium system. and waiving late fees. FIRST QUARTER SALES GM sales in the U.S. declined about 7 percent, driven by the efects of the pandemic. While sales have been impacted diferently across geographies, for many dealers, demand for full-size trucks remained strong. Sales of GM’s full-size pickups rose about 27 percent year over year, with a signifcant gain in retail market share. They captured 41 percent of combined light- and heavy-duty segments in the frst quarter (J.D. Power). In China, following the strongest sales impact Ultium Battery in February, the industry started to pick up in March, GM’s broad EV portfolio will ofer a GM-estimated narrowing the monthly sales decline. driving range of up to 400 miles on a full charge, with GM INTERNATIONAL RESTRUCTURING DC Fast Charging capability to charge over 100 miles In February, GM announced it will wind down of range in 10 minutes – with a path to even faster engineering, vehicle sales - except for GM specialty charging with next-generation technology. vehicles - and design operations in Australia and New Zealand and retire the Holden brand by 2021. GM also Also in March, GM and Honda agreed to jointly agreed to sell its Rayong plant in Thailand to Great develop two all-new EVs for Honda, based on GM’s Wall Motors. As a result, the company recorded total new global EV platform and Ultium battery system. after tax cash and non-cash charges of $0.7 billion in Honda will leverage GM’s platform to drive scale. the frst quarter.

MEDIA CONTACT INVESTOR CONTACT Juli Huston-Rough Michael Heifler GM Finance Communications GM Investor Relations Media Investors 313-549-6977 313-418-0220 julie.huston-rough@gm.com michael.heifler@gm.com General Motors (NYSE:GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at http://www.gm.com. Cautionary Note on Forward-Looking Statements: This press release may include “forward-looking statements” within the meaning of the U.S. federal securities laws. We caution readers not to place undue reliance on forward-looking statements. Statements including words such as “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “efect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,” “plan,” “potential,” “priorities,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “will,” “would,” or the negative of any of those words or similar expressions to identify forward-looking statements represent our current judgment about possible future events. In making these statements we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we consider appropriate under the circumstances. These statements are not guarantees of future performance; they involve risks and uncertainties and actual events or results may difer materially from these statements. Factors that might cause such diferences include, but are not limited to, a variety of economic, competitive and regulatory factors, many of which are beyond our control. Many of these factors are described in our Annual Report on Form 10-K and our other flings with the U.S. Securities and Exchange Commission. We undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that afect the subject of these statements, except where we are expressly required to do so by law.