News From the Auto Industry

Holders of record of GM $1-2/3 par value and GM Class H common stocks as of August 1, 2003 are eligible to vote on these transactions. GM, Hughes and News Corp. continue to seek other necessary approvals in order to close these transactions in late 2003 or early 2004. The transactions remain subject to regulatory clearance under the Hart-Scott-Rodino Act and by the U.S. Federal Communications Commission.