January 17, 2002

GM of Canada reports decrease in sales, revenue for 2001

General Motors of Canada Limited reported revenues of $37 billion in 2001, a decrease of 12 per cent from the $42 billion reported in 2000. Total unit sales for GM of Canada (Canadian production plus all vehicles imported for sale in Canada) were 1.2 million units, a decrease of 14 per cent from the 1.4 million units produced in 2000. GM of Canada produced a total of 830,586 vehicles in 2001 versus the 963,438 units produced in 2000.

Capital investments totalled $154 million for the year bringing total investments for the last 5 years to $2 billion. In addition, GM sourced over C$14 billion in goods and services from Canadian suppliers.

GM Canada dealers and retailers delivered 470,079 vehicles in Canada in 2001, a 1% decrease from the previous year. Calendar year passenger car sales were 245,718 units while truck sales were a record 224,361 units.

Michael Grimaldi, president of General Motors of Canada said, “With our strong portfolio of award-winning trucks and sport-utilities, we will continue to leverage our truck leadership. With the introduction of the all-new Cadillac CTS, Pontiac Vibe, Saturn ION and redesigned Chevrolet Cavalier and Pontiac Sunfire later this year, our goal is to grow our share of the Canadian market.”

Headquartered in Oshawa Ontario, General Motors of Canada employs 25,000 people nationwide. GM of Canada manufactures a variety of vehicles, engines, transmissions and other components, and markets the full range of General Motors’ vehicles and related services through 807 dealerships and retailers across Canada. Vehicles sold through this network include Chevrolet, Oldsmobile, Pontiac, Buick, GMC, Cadillac, Hummer, Saturn, Saab and Isuzu.

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