Company Profile For Motors Liquidation Company

Motors Liquidation Company, formerly General Motors Corporation, is engaged primarily in the development, production and marketing of cars, trucks and parts. The Company develops, manufactures and markets vehicles worldwide through its four automotive segments: GM North America, GM Europe, GM Latin America/Africa/Mid-East and GM Asia Pacific. In addition to its automotive operations, the Company’s finance and insurance operations are primarily conducted through GMAC LLC. GMAC provides a range of financial services, including consumer vehicle financing, automotive dealership and other commercial financing. In June 2009, the Company filed for bankruptcy. In July 2009, the Company announced that the United States Bankruptcy Court for the Southern District of New York approved the sale of substantially all of General Motors Corporation's assets to NGMCO, Inc., an entity funded by the United States Department of the Treasury. In July 2009, the Company emerged from bankruptcy protection.

BRIEF: For the three months ended 31 March 2009, Motors Liquidation Company's revenues decreased 47% to $22.43B. Net loss increased 82% to $5.98B. Revenues reflect a decrease in automotive sales, lower other income, a fall in income from North America segment, reduced income from Europe segment and decreased income from Asia Pacific segment. Higher loss reflects the presence of gain on extinguishment of debt, an increase in interest expense.