Fitch Teleconference: GM 1:00 p.m. EDT Today

CHICAGO--May 24, 2005--Fitch Ratings analysts will be providing an overview of its latest rating downgrades on General Motors and GMAC during a teleconference to be held this afternoon at 1:00 p.m. EDT. Fitch lowered the ratings on GM and GMAC to 'BB+' from 'BBB-' earlier today with a Negative Outlook. Today's call will be led by Mark Oline, Managing Director, Fitch Ratings Corporate Finance. A Q&A session will immediately follow Oline's prepared remarks on GM. Questions on Ford are also welcome.

Interested parties in the U.S. and Canada should call +1-877-387-9206 and participants outside the U.S. or Canada should call +1-706-679-8437. Participants should call at least five minutes before the 1:00 p.m. EDT start time.

A replay of the teleconference will be available this afternoon, one hour after the call ends, until May 31, 2005 at 11:59 p.m. EDT. Interested parties should dial +1-800-642-1687 (domestic) or +1-706-645-9291 (outside the U.S. or Canada). The conference ID number for the instant replay is '6487579'.

In addition, a replay of the teleconference will be archived on the Fitch Ratings web site for three months. Interested parties can find the appropriate link at the 'Teleconference and Online Events' link, which is located under the heading 'About Fitch' at 'www.fitchratings.com'.