Notes

1. For your chosen company and your chosen competitor is there any pension expense on the income statement or disclosed within a footnote? If so what is the amount?

GM

pension expense of $0.6 billion

Ford

351 million under note 17

2. For your chosen company and your chosen competitor which type of pension is in existence for employees – a defined benefit or defined contribution plan or both?

GM

U.S. hourly defined benefit pension plan and after October 1, 2007 will participate in a defined contribution plan

Ford

Defined Benefit plan and effective January 1, 2004, a defined contribution plan covering salaried U.S. employees hired on or after that date.

3. For your chosen company and your chosen competitor what are the disclosures made regarding pension plans?

GM

Employee Pension and Other Postretirement Benefit Plans

Defined Benefit Pension Plans

Defined benefit pension plans covering eligible U.S. hourly employees (hired prior to October 15, 2007) and Canadian hourly employees generally provide benefits of negotiated, stated amounts for each year of service and supplemental benefits for employees who retire with 30 years of service before normal retirement age. Non-skilled trade hourly U.S. employees hired after October 15, 2007 participate in a defined benefit cash balance plan which was frozen on January 2, 2012 and will be terminated in 2012 subject to regulatory approvals. In September 2010 the U.S. hourly defined benefit pension plan was amended to create a legally separate new defined benefit pension plan for entry level participants who are covered by the cash balance benefit formula. The underlying benefits offered to plan participants were unchanged. The benefits provided by the defined benefit pension plans covering eligible U.S. (hired prior to January 1, 2001) and Canadian salaried employees and employees in certain other non-U.S. locations are generally based on years of service and compensation history. There is also an...