Rick Wagoner Turnaround Quotations

We're pleased to see the significant progress in our first quarter results and in the implementation of all four elements of our North American turnaround plan.

GM's top priority is to restore our North American operations to profitability and positive cash flow as quickly as possible. In 2005, we laid out a comprehensive and integrated strategy to address the structural issues that impede our competitiveness and profitability, and we are focused on rapidly executing all aspects of the turnaround plan.

Over the last nine months we have been aggressively implementing our North American turnaround plan.

We are viewing the U.S. economic and auto market environment with considerable caution, ... That, combined with our poor business results in the first three quarters this year, really highlight that we are at a critical juncture in our company's history. And so we are accelerating the pace and scope of our turnaround actions.

This agreement is another important milestone in the turnaround of General Motors.