2003 has been the best year ever for GMAP.  This surge in growth was led by the continued strong performance in China and Australia.  GM’s domestic joint ventures in China and its import business increased total sales volume by 29.5 percent over 2002.  Market share was 8.3 percent in 2003, compared with 7.5 percent in 2002.

Holden achieved another year of strong sales and record profits in 2003, with a total sales volume of 190,313 units in Australia and New Zealand.  Net income was $203 million but Holden’s market share in Australia dropped to 19.3 percent from 26.4 percent in 2002. 

In 2002, GM formed GM Daewoo Auto & Technology (GMDAT) with Suzuki and SAIC, (GM 44.6 percent, Suzuki 14.9 percent, and SAIC 10.6 percent).  While providing GM immediate access to the important Korean market, it also provided a range of cost-competitive products with global appeal and world-class product engineering and die manufacturing capabilities.  Bolstered by robust growth in export volume GMDAT is back on track after a very challenging domestic market environment in 2003.

In India, Thailand, Indonesia and Philippines, GM further strengthened its presence with new product launches throughout 2003.  GM’s sales volume registered growth of 67 percent, 43 percent, 54 percent and 16 percent respectively in India, Thailand, Indonesia and Philippines.  The total sales volume reached 24,797 units in these four markets. 

On the alliance front, GM continues to hold a 21 percent stake in Fuji Heavy Industries and a 20 percent stake in Suzuki Motors, but reduced its interest in Isuzu Motors to 12 percent in 2002.  GM continues working with alliance partners to create added value through synergies in the areas of product and technology, cost efficiencies, and market access. 

GMAP earned $577 million on revenue of $5.3 billion in 2003, a significant increase from prior years.  Sales volume totaled 763,900 units in 2003 for a regional market share of 4.9 percent.

*Adjusted market share to include GMDAT and Wuling but exclude Isuzu; 1999-2001 data include Isuzu but exclude GMDAT & Wuling

Australia’s first large scale automotive manufacturing facility was formed in 1931 when General Motors Australia merged with Holden’s to form General Motors Holden’s Limited (now Holden Ltd). Holden has a special place in Australia’s history as the manufacturer of the first all-Australian passenger car in 1948. Since then a succession of landmark Holden models have managed to drive themselves so deeply into the Australian way of life that they became an integral part of it.

Today, Holden successfully markets a wide range of locally built and imported products in Australia.

Holden has evolved from a domestic manufacturer into an internationally competitive global company with 2001 exports contributing $1.16 billion to Australia’s balance of trade. In 2001, the 6 millionth Holden was produced at Holden's Elizabeth plant.

Other Holden highlights for 2001 include winning total market leadership for 2001 with 21.4% total market share and 25.6% passenger market share, Holden Commodore becoming Australia’s top-selling car for the 6^th consecutive year, Holden being awarded the Windscreens O’Brien safety award for its side impact research program, the launch of the much anticipated Monaro coupe and the XC Barina (Corsa) being named Wheels magazine Car of the Year, the most prestigious motoring award in the country

Head Office, Engineering & Design Centre
Location: Port Melbourne, Victoria
Design and engineering, sales and marketing, purchasing and logistics, product and portfolio planning, customer satisfaction and quality, finance, human resources, business strategy and planning, corporate affairs, legal, information systems and services, and GM vehicle line executive group.

Holden Engine Operations (HEO)
Location: Port Melbourne, Victoria
Products: L4 Family II 1.6, 1.8, 2.0, and 2.2 litre engines; V6 3.8 litre and V6 3.8 litre supercharged engines
Components: Grey iron and SG iron castings; brake discs and knuckles
Year Opened: 1942 (1981 in L4 Family II production form)
Plant Size: 17.2 hectares
2001 CY Production: 255,308

Head Office Location
General Motors China Inc.
Shanghai Representative Office
4th Floor, Tomson International Commercial Building
710 Dong Fang Road,
Pudong, Shanghai 200122, China

Daphne Zheng
Director, Public Affairs & Communications
Telephone: 86-21-68758833 (Ext. 7631)
Fax: 86-21-5830-4753

Shanghai GM is a 50/50 joint venture automobile company, with Shanghai Automotive Industry Corporation (SAIC), that consists of vehicle, engine, transmission, stamping and assembly operations, as well as a marketing and administration headquarters. Shanghai GM is a US$1.52 billion, 230,000 square-meter facility. The plant built its first Buick sedan in December 1998. Regular production began in April, 1999. It currently produces a family of five midsize sedans along with the GL8 executive wagon (North American Pontiac TransSport). It began regular production of the Buick Sail (based on the S4200 Opel Corsa) in April 2001 and launched the Sail S-RV station wagon in November, 2001.

Pan Asia Technical Automotive Center is a 50/50 joint venture technical center, which operates on a commercial basis. The development center, which represents a US$50 million investment, designs develops, tests and validates of components and vehicles and is dedicated to developing engineering expertise in China in response to the growing demand for an advanced technical automotive center in the Asia region.

Jinbei GM Automotive Company Limited
Jinbei GM is a joint venture between GM and local partners. GM has 50% stock share, Shenyang Brilliance Automotive Company Ltd., Liaoning Development Group, Liaoning Energy Group, Sheyang Auto Industry Asset Management Company have the remaining 50% share. Jinbei GM begun production of Chevrolet Blazer four-door sport-utility vehicles and Chevrolet S-10 crew cab pickups in 2001. The company represents a US$230 million investment in Shenyang of Liaoning Province with a maximum capacity of 50,000 units.

2001 Sales (units, not including alliance partners) 65,948

Employment (as of April, 2003) 253

General Motors India which was incorporated in 1994 as a 50:50 joint venture company with the C.K. Birla Group of Companies has become a 100% subsidiary of General Motors Corporation in February, 1999 with GMOC buying the remaining 50% shares from the Birla Group. The company was further restructured in 1999 and was converted from a Public Limited to Private Limited In terms of shareholding pattern whereby 86 % of voting rights are currently held by GM APH LLC and 14% by Holdens, Australia.

The SPO business was integrated with the main business in in the same company in the Y2000.

• Opel Blazer
• Chevrolet Blazer 4x4
• Chevrolet Zafira
• Chevrolet Tavera (I-160)
• Subaru Impreza
• Subaru Forester

GM Indonesia is ISO 9002 and ISO 14001 certified.

Hourly: 95
Salaried: 184

Products: Opel BlazerChevrolet Tavera (assembled in Isuzu plant)
SUP Products: Chevrolet Blazer V6 4X4, Zafira, Subaru Forester & Impreza

Year Opened: 1993
Plant Size: 107,737 square meters

Employment (as of April, 2003)
Total - 283

• Cadillac
• Chevrolet
• Opel
• Saab

Isuzu Motors Limited
GM has a 48.45 percent equity interest in Isuzu Motors and is operated independently by its own management.

Aisin GM Allison Co., Ltd. -- This joint venture was formed in August 1997 with GM holding 60% of the equity and the remainder held by partner Aisin Seiki Co., Ltd. Aisin GM Allison (AGMA) is administered by a board of directors made up of employees of Allison Transmission Div. and Aisin Seiki Co., Ltd. It markets and sells heavy-duty automatic transmissions, produced in Indianapolis, Indiana, to Japanese original equipment manufacturers of large trucks, buses and specialized equipment, and provides service support to Japanese domestic users.

Hughes Electronics International Corporation (HEIC) -- Hughes has maintained a presence in Tokyo since 1961. In 1993, it consolidated its international business development operations into five units. Hughes Asia Pacific (HAP) is designated as the operating entity in Asia and Australia. Tokyo is the corporate headquarters of HAP, as well as the location of Hughes Japan, which is focused on the Japanese market. Hughes maintains offices in eight other Asian countries.

In Japan, Hughes has been the leading supplier of telecommunications and weather satellites and ground equipment, as well as private wireless voice, data and image systems.

Together with its Japanese partners, Hughes established DIRECTV JAPAN in October, 1996, with Direct to Home satellite broadcast service launched on December 1, 1997. Today, subscribers can receive nearly 90 channels of digital video and audio programming.

Hughes works extensively with major Japanese trading companies, financial organizations and manufacturers. Hughes' close associates include Mitsubishi, Matsushita, NEC, and Hitachi.

In July 1998, the company announced its intention to relocate its offices to Auckland and began operations in that city in July 1999. At the same time (and following the completion of the sale of its Trentham site in February 1999), the company announced that its parts warehousing operation would be contracted out.

Imports completely built-up products from:

Australia: Holden Commodore Executive, Acclaim, S, SS and Berlina; Holden Monaro, Calais, Statesman and Caprice; Holden Special Vehicles (HSV) XU6, ClubSport, Senator, Grange passenger cars; Holden Ute and HSV Maloo light commercial vehicle.

Europe: Holden Barina, Astra, Vectra Sedan, Hatchback and Wagon passenger cars; Holden Combo light commercial van.

Thailand: Zafira

Japan: Holden Rodeo light commercial vehicles; Holden Frontera and Monterey recreational vehicles; Isuzu light, medium and heavy duty trucks (N, F, C & E Series).

Market:
New Zealand

2001 Sales (units):

Passenger cars	9,952
Light commercial vehicles/Recreational Vehicles	2,149
Trucks	650

Employment (as of April, 2003)
Salaried 41

Background
General Motors Automobiles Philippines is a wholly owned subsidiary of General Motors that was established in July 1996. It is the sole distributor of GM vehicles, namely: Opel and Chevrolet vehicles. It is also the authorized distributor of Subaru. All vehicles come in as completely built-up unit (CBU).

Opel – 571
Chevrolet – 594
Subaru – 82

2000 and Prior Retail Sales

Market share/ Market ranking

	1997	1998	1999	2000	2001
PC Market Share	0.2%	0.9%	1.4%	2.6%	3.4%
CV Market Share			0.2%	0.3%	0.8%

Products
Opel – Omega, Vectra, Astra
Chevrolet - Suburban, Silverado, Zafira, Venture, Cassia
Subaru – Forester, Impreza WRX

Address
238A Thomson Road
#17-00 Novena Square Tower A
Singapore 307684

2001 Sales (units)
505,000 (GM & Isuzu)

Employment (as of April, 2003)
115

General Motors Overseas Distribution Corporation (Singapore)
This wholly-owned branch of GMODC was registered and began operations in 1972. It is engaged in the marketing/distribution of GM vehicles, automotive and industrial engines, parts, and accessories, as well as regional warehousing and distribution services.

Address
15, Benoi Sector
Jurong Town
Singapore 629849

2001 Retail Sales (units)
3,224

General Motors Thailand was established in 1996 and began manufacturing motor vehicles in May 2000 at a state-of-the-art production facility in the Eastern Seaboard Industrial Estate in Rayong Province. GM Thailand is the country’s biggest automobile exporter in terms of value, distributing its vehicles to 19 countries. It is the first Thai manufacturer to export passenger vehicles to Europe and Japan.

The GM Thailand Assembly Center produced 52,000 vehicles in 2001 for domestic and export markets under the Chevrolet, Holden, Opel, Subaru and Vauxhall brand names. In 2002 and 2003, production will include the Zafira MPV, Alfa Romeo 156 and Isuzu one-ton pick up truck.

Its world class production standards have received international recognition and the Thai-built Zafira has won several quality awards. Locally it has been named "Car of the Year" and "Best MPV" by Thailand’s Grand Prix Magazine.

The Rayong facility gained ISO 9002 certification after only three weeks of operation and ISO 14001 certification after seven months. It has an excellent safety record. It was awarded the Prime Minister’s Industrial Safety Award and Ministry of Labor and Social Welfare Awards in Safety in 2001, and by January 2002, had achieved a record 14,000 man-hours without injury-related downtime.

GM Thailand also operates a distribution office, a service parts organization and a training center under the name of Chevrolet Sales (Thailand) Ltd. in Bangkok.

Chevrolet Sales (Thailand) Limited
General Motors Acceptance Corporation