DETROIT - General Motors Corp. (NYSE: GM) today announced significant new actions to support its ongoing turnaround plan, particularly in its North American business, to reduce costs and business risks, and to further enhance its financial flexibility.

These actions include the following:

    * Revised health-care benefit plan for salaried retirees in the U.S. that is expected to reduce the company's liability by about $4.8 billion and its annual health-care expense by almost $900 million before tax;
    * Planned restructuring of the U.S. salaried pension benefit plan;
    * 50-percent reduction in the cash dividend paid to stockholders;
    * Significant reduction in salary for GM's chairman and senior leadership team;
    * 50-percent reduction in compensation for outside board members.

DETROIT - GMC's most premium full-size SUV offers enhanced features and craftsmanship in 2007 that distinguish it from other models in the segment. It is a comprehensive package of performance, amenities and style that delivers a powerful statement that is unique to GMC.

GMC today announced that the all-new 2007 Yukon Denali will be offered with an MSRP of $47,990 (including $875 destination freight charge), $3,070 less than the model it replaces. As announced previously, pricing for the base Yukon begins at $34,690.