Chevrolet to implement captive finance in Europe

Chevrolet Financial Services supports dealers to make more attractive offers to customers

Starting this month, Chevrolet in Europe is planning to collaborate closely
with General Motors Financial Company Inc. (GM Financial), a wholly owned
subsidiary of General Motors Company, to develop more attractive financing
offers for Chevrolet customers, to be offered under the umbrella brand of
Chevrolet Financial Services.

Susan Docherty, President and Managing
Director of Chevrolet and Cadillac Europe, says: "With 15 new and updated
cars in the last three years and five new launches in 2013 including the all
new Chevrolet Trax Small SUV, Chevrolet has one of the freshest portfolios in
the market. Being able to complement that with attractive financing offers for
our customers is a vital step in our continued efforts to grow our business in
Europe."

Chevrolet Europe will be working with GM
Financial and the Chevrolet dealers on implementing the captive finance
structure in the following markets: Germany, the U.K., Italy, Belgium, The Netherlands,
Luxemburg, Sweden, Switzerland and Austria. With a value of 1.7 billion US
dollars, GM Financial's investment in Europe is another proof point of GM’s ongoing
commitment to its business in in the region.

"The strength of our existing
relationships with Chevrolet dealers in Europe will be further enhanced as
their captive," says Mark Bole, President of International Operations for
GM Financial. "This also offers opportunities to enhance product offerings
and generate incremental sales for Chevrolet."

GM Financial, a wholly owned subsidiary
of General Motors Co., announced on April 2 that it had acquired the
equity interests in the top-level holding companies that comprise substantially
all of Ally Financial, Inc.'s automotive finance and financial services
businesses in Latin America and Europe. Also part of the purchase agreement are
the international operations in France, Brazil, Portugal and China, which are
pending certain regulatory and other approvals. When the international
acquisitions are complete, GM will be in the position to provide financing to
customers and dealers in markets that account for around 80 percent of GM sales
worldwide.