Bloomberg TV to Air Special Report on General Motors Tonight

Bloomberg TV to Air Special Report on General Motors Tonight

NEW YORK, June 28 /PRNewswire/ -- As General Motors ("GM") struggles to recover from its recently reported $1.1 billion loss, a Bloomberg Television(R) Special Report -- airing tonight at 10:00 p.m. ET and again on July 4th -- investigates the challenges and opportunities facing GM. With analysts, customers and employees questioning GM's ability to recover, Bloomberg Television reports on GM's performance, competitive strategy and GM's current labor contract negotiations.

Since 2001, when Rick Wagoner took over as the chief executive, GM profits have dropped 75 percent, while healthcare and pension costs have risen 35 percent. Today, for every current employee at GM, there are two and a half retired employees receiving benefits. Tonight's Special Report on Bloomberg Television explores three of the most pressing issues facing GM -- the rising cost of healthcare, pension benefits for its retired workers and competition from Asian auto manufacturers.

The Bloomberg Special Report can be seen tonight on Bloomberg Television at 10:00 p.m. ET and on the Bloomberg Professional(R) service via AV < GO >. The Special Report will be aired again on Bloomberg Television on July 4, 2005.

About Bloomberg

Bloomberg is the leading global provider of data, news and analytics. The Bloomberg Professional(R) service and Bloomberg's media services provide real- time and archived financial and market data, pricing, trading, news and communications tools in a single, integrated package to corporations, news organizations, financial and legal professionals and individuals around the world. Bloomberg's media services include Bloomberg News(R), the global news service that includes more than 1,600 journalists in 127 bureaus worldwide; Bloomberg Television(R), the 24-hour business and financial network produced and distributed worldwide on 10 separate channels in seven languages; and Bloomberg Radio(SM), which provides up-to-the-minute news on XM, Sirius and WorldSpace satellite radio around the world and on WBBR 1130AM in New York. In addition, Bloomberg Press(R) publishes books for investment professionals. For more information please visit http://www.bloomberg.com/.

Source: Bloomberg

CONTACT: Jeffrey Weir of Sloane & Company for Bloomberg, +1-212-446-1892, jweir@sloanepr.com

Web site: http://www.bloomberg.com/

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