Further re GM Incentives

GM Announces 'Holiday Event' Enhancement 
 
    DETROIT, Dec. 5 -- General Motors Corp. today announced its 'Holiday Event' 
retail marketing program on select 2002 and 2003 model year vehicles.  The 
program enhances GM's current Zero, Zero, Zero program by offering 0.0 percent 
financing for up to 60 months for qualified buyers on GM's industry leading 
sport utility vehicles and $1,000 Bonus cash on most other models.   
    'The 'GM Holiday Event' offers consumers the best deals yet on a new 
General Motors product,' said Bill Lovejoy, group vice president of GM North 
America Vehicle Sales, Service and Marketing.  'It's GM's way of saying 'Thank 
You' for a terrific year.  The program continues GM's strategy of simple and 
compelling marketing programs, and demonstrating leadership in the 
marketplace.'    
    GM begins advertising of the modified programs nationally, December 6, 
2002.   
 
    Following are terms for the modified '03 APR program (for qualified   
    buyers) (December 5, 2002 through January 2, 2003): 
     
    Chevy TrailBlazer           0.0/0.0/0.0%-36/48/60 
    TrailBlazer EXT             0.0/0.0/0.0%-36/48/60 
    GMC Envoy                   0.0/0.0/0.0%-36/48/60 
    Envoy XL                    0.0/0.0/0.0%-36/48/60 
    Chevrolet Tracker           0.0/0.0/0.0%-36/48/60 
    Chevrolet Blazer            0.0/0.0/0.0%-36/48/60 
    Chevrolet Tahoe             0.0/0.0/0.0%-36/48/60 
    Chevrolet Suburban          0.0/0.0/0.0%-36/48/60 
    GMC Yukon, Yukon XL         0.0/0.0/0.0%-36/48/60 
    Yukon Denali                0.0/0.0/0.0%-36/48/60 
    Yukon Denali XL             0.0/0.0/0.0%-36/48/60 
    Oldsmobile Bravada          0.0/0.0/0.0%-36/48/60 
     
    Following are terms for the modified '02 and '03 cash program  
    (December 5, 2002 through January 2, 2003): 
    Chevrolet Silverado         Additional $1,000 Bonus Cash 
    Chevrolet Avalanche         Additional $1,000 Bonus Cash 
    GMC Sierra                  Additional $1,000 Bonus Cash 
    Chevrolet Cavalier          Additional $1,000 Bonus Cash 
    Pontiac Sunfire             Additional $1,000 Bonus Cash 
    Chevrolet S-10              Additional $1,000 Bonus Cash 
    GMC Sonoma                  Additional $1,000 Bonus Cash 
    Pontiac Aztek               Additional $1,000 Bonus Cash 
    Buick Rendezvous            Additional $1,000 Bonus Cash 
    Buick LeSabre               Additional $1,000 Bonus Cash 
    Pontiac Bonneville          Additional $1,000 Bonus Cash 
 
 
    These bonus cash offers are in addition to attractive APR, Lease and 
customer cash programs previously announced on eligible models. 
    
    General Motors (NYSE: GM), the world's largest vehicle manufacturer, 
designs, builds and markets cars and trucks worldwide, and has been the global 
automotive sales leader since 1931.  GM employs about 355,000 people around 
the world.  GM cars and trucks are sold under the following brands: Chevrolet, 
Pontiac, Buick, Oldsmobile, Cadillac, GMC, Saturn, HUMMER, Saab, Opel, 
Vauxhall and Holden.  GM parts and accessories are marketed under the GM, GM 
Goodwrench and ACDelco brands through GM Service and Parts Operations.  More 
information on GM can be found at www.gm.com . 
 
SOURCE  General Motors Corporation 
    -0-                             12/05/2002 P 
    /Details are available on GM Media Online at http://media.gm.com by clicking 
on News, then Pricing/Incentives./  
    /CONTACT:  Jeff Roegner, [phone], or Elaine Redd, [phone], 
[e-mail] , both of General Motors Corporation/ 
    /Web site:  http://media.gm.com /  
    /Web site:  http://www.gm.com / 
    (GM)