Detroit (ots/PRNewswire)

General Motors Corp. (NYSE: GM) today
said that the mediation process between GM and Fiat, initiated by GM
on December 16, 2004, will conclude February 1, 2005.

The mediation relates to our assertion that Fiat has committed
material breaches of the Master Agreement between the companies.

Contacts:
    Toni Simonetti of GM, +1-212-418-6380 or mobile +1-917-822-3392
    Or
    Tony Cervone of GM, +41-1-88-2500.

Web site: http://media.gm.com
              http://www.gm.com

Contact:

Toni Simonetti of GM, +1-212-418-6380 or mobile +1-917-822-3392 ,
Tony Cervone of GM, +41-1-88-2500. NOTE TO EDITORS: For additional
media information, visit
http://media.gm.com