GM Racing NASCAR Announcement

Editor's Note: A media conference call is scheduled today from 2-2:30p.m.
EST. Media should call (888) 428.4474 and ask for "GM Racing." (A
digitized playback will be available from 4 p.m. today until midnight
Thursday, Oct. 29, 2003 by calling (800) 475.6701; access code 704476.)


GM Strengthens Chevrolet NASCAR Program in 2004 

DETROIT - Following the end of the 2003 NASCAR season, GM will consolidate
its resources in NASCAR to exclusively support the Chevrolet Monte Carlo
and further advance and solidify the dominant position enjoyed by Chevrolet
in this series. 
    
"GM Racing will focus its 2004 NASCAR program on the Chevrolet Monte
Carlo, and will no longer race or support the Pontiac Grand Prix race car,"
said Doug Duchardt, director of GM Racing. "This transition will enable GM
Racing to strengthen its Chevy Nextel Cup program and, at the same time,
work with Pontiac on its future racing plans."

"Given Pontiac's long association with NASCAR and our many
great accomplishments over the years, the decision to withdraw from NASCAR
was not an easy one," said Lynn Myers, general manager of Pontiac-GMC.
"Consistent with GM efforts to focus its racing programs, Chevrolet will
carry the NASCAR banner while Pontiac can now devote resources to
developing future racing and marketing programs consistent with our new
performance products, including the GTO, Grand Prix Comp G, G6 and the GXP
performance series.  We are proud of our racing accomplishments and we
recognize that it is a powerful engineering, people development and
marketing tool.  Pontiac is investigating new opportunities to highlight
the performance of our vehicles on the track."

Coming into the 2003 season, the Pontiac Grand Prix won two of the past
three NASCAR Winston Cup drivers' championships: Bobby Labonte in 2000, and
Tony Stewart in '02.

Chevrolet has an ongoing record of dominance in NASCAR's modern era.
Chevrolet has won 23 of the last 31 NASCAR Winston Cup manufacturers'
championships including the 2003 title with 10 different drivers capturing
17 wins in 33 races so far this year. Through 2003 in the NASCAR Busch
Series and Craftsman Truck series, Chevrolet has won 10 of 13, and five of
nine NASCAR manufacturers' titles respectively. With 2003 drivers' titles
still to be determined in both series, Chevrolet has won 11 of 21 in Busch
and seven of eight in Craftsman Truck.

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Contacts:
Mike Stoller    
GM Racing Communications    
313.665.2445    
michael.stoller@gm.com        

Jim Hopson 
Pontiac-GMC Communications
313.667.4124
jim.hopson@gm.com


  E-mail from: Rick Voegelin, 28-Oct-2003