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Muir Named GMAC President

February 18, 2004

DETROIT -- William Muir has been appointed president of General Motors Acceptance Corp.

Muir has served as GMAC's CFO since 1998 and chairman of its Insurance Group since 1999. He will report to Eric Feldstein, division chairman.

Sanjiv Khattri will begin serving as GMAC executive vice president and CFO.

For 2003, GMAC reported $2.8 billion in income.

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