1. GM: Investing in Russia AmCham Investment Committee July 2007

2. Russia: a unique heritage

3. Russia: unique road conditions

4. What do Customers want? (a helicopter....)

5. State of the art is possible GM applies world class best practices

6. GM applies world class best practices and standards

7. Russia does pose unique challenges….. What do the road signs really mean?

8. Russian Market: 2005 - 2006 Источник: Отчет Ассоциации Европейского бизнеса; www.gks.ru +23% +66,7% -9,4%-9,4%

9. Russian Market: 2005 - 2006 +26,1% +10% +23% +44% Potential growth 180

10. Russian Market by Price Segments (new Russian and foreign passenger cars sales) above $ 30.000 $ 25.000 – 30.000 $ 20.000 – 25.000 $ 15.000 – 20.000 $ 10.000 – 15.000 less than $ 10.000 Source: www.rbc.ru, report «Automobile market of Russia» 2003-2006

11. Sales of new passenger cars in Russia in terms of value (billion $) in 2005-2006 2005 ~ 23,6 billion $2006 ~ 34,0 billion $ Sources: www.ladaonline.ru – analytical web-site

12. GM manufacturing in Russia - GM-AVTOVAZ Joint Venture:  41.6% General Motors  41.6% AvtoVAZ  16.8% EBRD Total Investment $238.2m  Major re-use of GME used equipment Employees1249 Total area56 200 sq.m. Capacity96 000/yr. 3– shifts 14 JPH, 2 shifts, currently $ 467 Mio. turnover 2005

13. PRODUCTS NIVAVIVA JV PROJECT HISTORY Feb 2001- GM Board of Directors and AVTOVAZ approvals June 2001 General Framework Agreement signed by GM, AVTOVAZ and EBRD August 2001- 1st Board of Directors meeting Temporary registration of the company *Effective implementation from Foundation to Market 13 Months  Used equipment  AVTOVAZ paints bodies for 7 months. Oct 2001 Lease of land and registration of buildings Dec 2001 Permanent registration of GM - AVTOVAZ Feb 2002 First B.O.D. meeting in Togliatti 23rd Sept ’02 23rd Sept ’04 Chevrolet Niva S.O.P. Chevrolet Viva S.O.P.

14. GM manufacturing in Russia - Kaliningrad NAV SKD program SOP, (start of production) June 2004: Tahoe, TrailBlazer & H2 SOP, May 2005: Cadillac CTS, STS, SRX SOP, April 2006: Hummer H3 SOP, October 2006: Cadillac BLS SOP, November 2006: Cadillac Escalade SOP, October 2006: Chevrolet Epica, Rezzo, Lacetti, Aveo 770 2045 1972

15. GM manufacturing in Russia – GM Auto LLC - GM Manufacturing St.Petersburg plant SKD: SOP SKD assembly September 2006 Product: Chevrolet Captiva Capacity 7000 per year two shifts. 3 rd shift in planning phase Possible new product: Opel Antara CKD: SOP CKD production end 2008 - beg. 2009 2 shifts, 50000 per year.