GM Daewoo Reports November Sales of 62,384 Vehicles

SEOUL, Korea – December 2, 2008: GM Daewoo Auto & Technology (GM Daewoo) announced today that it sold 4,537 vehicles in Korea and exported 57,847 vehicles for total November sales of 62,384 vehicles.

GM Daewoo’s domestic vehicle sales in November decreased 56.9 percent from 10,531 vehicles sold in November 2007, while the automaker’s exports in November fell 24.7 percent from the 76,860 vehicles exported in the same month last year. In November, GM Daewoo also exported 61,795 complete knockdown (CKD) kits of parts and components to be assembled into vehicles.

November vehicle sales were greatly affected by the continued decrease in global demand for vehicles brought about by the international financial crisis. In addition, many automotive financing companies around the world continued to reduce their lending.

For the first 11 months as a whole, GM Daewoo’s domestic vehicle sales were down 5.6 percent to 110,815 vehicles from 117,368 vehicles in the same period last year. GM Daewoo’s vehicle exports in the first 11 months dropped 2.9 percent to 730,834 vehicles from the 752,366 vehicles exported in the same period last year.

GM Daewoo Auto & Technology was established on October 17, 2002. It has five manufacturing facilities in Korea as well as an assembly facility in Vietnam. In addition, GM Daewoo provides market and brand-specific vehicle kits for assembly at GM facilities in China, Thailand, India, Colombia and Venezuela. In 2007, GM Daewoo sold in Korea and exported more than 1.88 million units, including CKD products. GM Daewoo now produces vehicles and kits for Chevrolet, Buick, Opel, Vauxhall, Pontiac, Holden and Suzuki that are offered in more than 150 markets on six continents. Imported GM products from the Cadillac and Saab premium brands are sold in Korea through GM AutoWorld retailers. More information on GM Daewoo and its products can be found on the company’s website at http://media.gmdaewoo.co.kr/.