FOR RELEASE: May 23, 2000

GENERAL MOTORS' ELECTRO-MOTIVE SHIPS FIRST FIVE LOCOMOTIVES FOR HUGE UNION PACIFIC ORDER
Company building 1,000 locomotives for Union Pacific in next 3-4 years

(Chicago, IL) - General Motors' Electro-Motive Division (EMD) today announced that it has shipped the first five locomotives of a 1,000-unit locomotive order for the Union Pacific (UP) Railroad. These first units -- numbered 4000 to 4004 -- are decked out in the Union Pacific's distinctive yellow, red, and gray paint scheme, complete with the UP's historic "winged shield" design on the locomotive nose. This first group of units was shipped from the company's London, Ontario plant.

According to EMD General Manager R. William Happel, "This order represents an historic opportunity for Electro-Motive and we look forward to demonstrating that Union Pacific's confidence in our product is well-placed. I am pleased that we have been able to ship these first units in less than eight months from the date we received the original order."

Electro-Motive is building 1,000 new locomotives over the next three to four years for lease by the Railroad. This is the largest single order for locomotives ever placed with Electro-Motive - and the largest order in Union Pacific history. The model SD70M new locomotives are slated to form the core of the Union Pacific fleet, replacing as many as 1,500 older, less efficient units with GM's higher-horsepower, more fuel-efficient models.

Under terms of the agreement, Electro-Motive is manufacturing the 4,000 horsepower, six-axle locomotives - featuring EMD's patented radial self-steering bogie and EM2000 microprocessor control technology -- over the next three to four years. The SD70M model is known worldwide for its high reliability, proven technology, and solid maintenance record. These new units will join existing SD70M locomotives already in service as part of Union Pacific's fleet.

FOR FURTHER INFORMATION:
John Cavanaugh
john.n.cavanaugh@emdiesels.com
+1 (708) 387-6355