SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of earliest event reported) June 3, 2002
------------
GENERAL MOTORS CORPORATION
-----------------------------------------------------
(Exact name of registrant as specified in its charter)
STATE OF DELAWARE 1-143 38-0572515
---------------------------- ----------------------- -------------------
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
300 Renaissance Center, Detroit, Michigan 48265-3000
-------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (313) 556-5000
--------------
ITEM 5. OTHER ITEMS
On June 3, 2002, General Motors Corporation (GM) issued a news release
announcing May sales. The release is as follows:
GM Reports May Sales of 403,036 - Down 12 Percent
Vehicle Production and Earnings Outlook Improves
for Second Quarter and Calendar Year
- GM Truck Sales Down 12 Percent - Cars down 12 percent
- CYTD Sales Down 3 percent - Trucks up 9 percent, Cars Down 15 Percent
- Overall Retail Sales Up 2 Percent For The Year
- CYTD Retail Truck Sales Up 13 Percent
Second Quarter Earnings Estimated At $2.50 Per Share Excluding Hughes
2002 Earnings Estimated At $6.00 Per Share Excluding Hughes And Special Items
DETROIT -- General Motors dealers sold 403,036 new cars and trucks in May
in the United States, down 12 percent over last year. GM overall truck sales
were down 12 percent and GM car sales decreased 12 percent due to a highly
competitive environment and a very strong May sales performance last year.
Despite the decline, GM sales through May are down a modest 3 percent and retail
sales are up 2 percent. CYTD truck sales are up 9 percent overall and 13 percent
retail.
"Compared to the strong May we had last year we were disappointed with our
May results," said Bill Lovejoy, group vice president of North America Vehicle
Sales, Service and Marketing. "However, if you look at our performance over the
first five months of the year, we've done well despite the increasing
competitiveness in the marketplace. Our inventory remains lean in critical areas
such as full-size trucks and mid utilities, but we are still selling at an
all-time industry record sales rate for trucks. On the car side, we had solid
sales once again of all-new entries Pontiac Vibe and Cadillac CTS, which are
helping to improve our position in the passenger car market.
"Our dealers continue to do a good job of bringing consumers into
showrooms and closing sales -- playing a pivotal role in helping GM maintain its
strong retail momentum," said Lovejoy.
GM Truck Sales
--------------
Through May, GM's industry leading truck lineup with overall deliveries up
9 percent and retail deliveries up 13 percent, continued on pace to establish an
all-time industry record. In May, GM's mid utility vehicles were up 23 percent
over last year, and are up a brisk 58 percent CYTD. Combined utility sales
(88,188) increased 1 percent over year-ago record levels and CYTD sales are up
25 percent.
GM had another robust month in full-size utility vehicle sales, selling
37,831 units. GM also continued to gain momentum in the small utility segment as
the Saturn VUE sold 5,147 units and Chevrolet Tracker delivered 3,836 units. For
the month of May, GM had another solid month in full-size pickups delivering
76,798 units and CYTD full-size pickup sales are up 6 percent.
GM Car Sales
------------
While overall car sales were down 12 percent in May, several GM cars had
strong performances for the month. Chevrolet Cavalier (29,542) and Pontiac
Sunfire (9,405) posted 62 percent and 63 percent increases respectively.
Chevrolet Impala posted impressive sales (13,451), despite constrained inventory
and the Chevrolet Corvette increased 7 percent over last May. SAAB continued to
post impressive numbers as the 9-3 increased 27 percent and the 9-5 increased 41
percent.
Certified Used Sales
--------------------
GM solidified its number one position in the certified used car market in
May. GM sold approximately 33,000 total certified used vehicle sales for the
month, including the Cadillac, Saturn and SAAB certified brands. The GM
Certified Used Vehicle brand had another record month, selling 28,488 units.
Lovejoy commented on GM's leadership in certified used vehicle programs, "Thanks
to exceptional dealer support and the efforts of our entire VSSM organization,
we are now the industry leader in Certified Used Vehicles, a tremendous win for
General Motors."
GM Announces May Production Results, Revised Second Quarter Production Forecast,
-------------------------------------------------------------------------------
Initial Third Quarter Production Forecast
-----------------------------------------
In May, GM produced 552,500 vehicles (244,000 cars and 308,500 trucks) in
North America, up 12 percent from 492,000 vehicles (228,000 cars and 264,000
trucks) produced in May 2001. (Totals include joint venture production of 10,950
vehicles in May and 10,000 vehicles in May 2001.)
GM's second-quarter production forecast for North America is 1.545 million
vehicles (683,000 cars and 862,000 trucks) compared to last month's forecast of
1.53 million vehicles. The forecast increase of 15,000 units from earlier
estimates is due to continued strong consumer demand. The new forecast is 12
percent higher than GM's 2001 second quarter production when the company
produced 1.364 million vehicles (638,000 cars and 726,000 trucks).
GM's initial third-quarter production forecast for North America is 1.245
million vehicles (550,000 cars and 695,000 trucks), up 0.6 percent from third
quarter 2001 production levels of 1.238 million vehicles (573,000 cars and
665,000 trucks).
GM also announced the following production forecast information for its
international regions:
- GM Europe - The second-quarter production forecast is 462,000 vehicles,
a decrease of 9,000 vehicles. The company's initial third-quarter
production forecast for its European operation is 420,000 vehicles.
- GM Asia Pacific - The second-quarter production forecast is 71,000
vehicles, an increase of 1,000 vehicles. GM's third-quarter production
forecast for the region is 70,000 vehicles.
- GM Latin America, Africa and the Middle East - The second-quarter
production forecast is 143,000 vehicles, a decrease of 6,000 vehicles.
The company's third quarter forecast is 155,000 vehicles.
GM's Earnings Guidance Increased for the Second Quarter and Calendar Year
-------------------------------------------------------------------------
As a result of increased production in North America, GM's continued
strong U.S. retail performance, and an intense focus on cost reduction, GM has
increased its earnings estimates for the second quarter and calendar year.
GM estimates its second-quarter-2002 earnings, excluding Hughes, at $2.50
per share, up from prior guidance of $2.00 per share. Including Hughes, the
second quarter target is approximately $2.40 per share, up from $1.90 per share.
Because of the intensely competitive marketplace, GM believes its net
price retention in North America for the second quarter will be approximately
negative 2 percent. That compares with prior guidance of negative 1.4 percent to
negative 1.6 percent. For the first six months, net price in North America is
expected to be approximately negative 1.5 percent.
Based on a continued strong U.S. industry, with sales estimated in the
range of mid-to-high 16 million total vehicles, and GM production in North
America now estimated to be greater than 5.5 million units, GM estimates its
2002 calendar year earnings, excluding Hughes and special charges, at $6.00 per
share, up from prior guidance of $5.00 per share. Including Hughes, the 2002
calendar year earnings guidance is approximately $5.60 per share, up from $4.60
per share. GM believes that net price retention for the second half of 2002 will
not improve from the first-half levels.
GM remains optimistic about the remainder of the 2002 calendar year
despite business risks such as the economic outlook in Latin America and the
fierce pricing environment in North America. GM is on-track to deliver strong
results in the 2002 calendar year, and remains focused on delivering the results
required to drive shareholder value.
Note: GM sales and production results are available on GM Media Online at
http://media.gm.com by clicking on News, then Sales/Production.
-------------------
In this press release and related comments by General Motors management, our use
of the words "expect," "anticipate," "estimate," forecast," "objective," "plan,"
"goal" and similar expressions is intended to identify forward looking
statements. While these statements represent our current judgement on what the
future may hold, and we believe these judgements are reasonable, actual results
may differ materially due to numerous important factors that are described in
GM's most recent report on SEC Form 10-K (at page II-15, 16) which may be
revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. Such
factors include, among others, the following: changes in economic conditions,
currency exchange rates or political stability; shortages of fuel, labor strikes
or work stoppages; market acceptance of the corporation's new products;
significant changes in the competitive environment; changes in laws, regulations
and tax rates; and, the ability of the corporation to achieve reductions in cost
and employment levels to realize production efficiencies and implement capital
expenditures at levels and times planned by management.
# # #
Detroit - General Motors dealers in the United States today reported the
following vehicle sales:
-------------------------------------------------------------------------------
Calendar Year-to-Date
May January - May
---------------------------------------------------------
Curr S/D: 26 % Chg
Prev S/D: 26 2002 2001 per S/D 2002 2001 % Chg
-------------------------------------------------------------------------------
Vehicle Total 403,036 459,050 -12.2 1,955,280 2,014,184 -2.9
-------------------------------------------------------------------------------
Car Total 183,566 209,460 -12.4 844,566 994,311 -15.1
-------------------------------------------------------------------------------
Truck Total 219,470 249,590 -12.1 1,110,714 1,019,873 8.9
-------------------------------------------------------------------------------
Light Truck Total 215,605 244,594 -11.9 1,093,846 1,001,145 9.3
-------------------------------------------------------------------------------
Light Vehicle Total 399,171 454,054 -12.1 1,938,412 1,995,456 -2.9
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Market Division
Vehicle Total Calendar Year-to-Date
May January - May
---------------------------------------------------------
% Chg
2002 2001 per S/D 2002 2001 % Chg
-------------------------------------------------------------------------------
Buick 32,934 34,678 -5.0 150,817 143,632 5.0
Cadillac 15,158 12,270 23.5 69,934 62,157 12.5
Chevrolet 219,787 250,234 -12.2 1,101,816 1,105,737 -0.4
GMC 43,493 55,872 -22.2 215,990 219,932 -1.8
HUMMER 45 76 -40.8 227 368 -38.3
Oldsmobile 10,462 20,461 -48.9 67,377 112,326 -40.0
Other - Isuzu 1,265 1,585 -20.2 5,596 6,940 -19.4
Pontiac 47,344 47,929 -1.2 215,841 227,379 -5.1
Saab 4,002 3,014 32.8 16,577 13,465 23.1
Saturn 28,546 32,931 -13.3 111,105 122,248 -9.1
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Sales of Domestically Produced Vehicles
-------------------------------------------------------------------------------
Car 179,554 205,132 -12.5 827,782 976,353 -15.2
-------------------------------------------------------------------------------
Light Truck 215,605 244,594 -11.9 1,093,846 1,001,145 9.3
-------------------------------------------------------------------------------
Twenty-six selling days for the May period this year and twenty-six for last
year.
*American Isuzu Motors, Inc., dealer sales of commercial vehicles distributed
by General Motors Corporation as reported to General Motors by American Isuzu
Motors, Inc.
2-1P
GM Car Deliveries - (United States)
May 2002
--------------------------------------------------------------------------
Calendar Year-to-Date
(1) May January - May
-------------------------------------------------
%Chg
2002 2001 per S/D 2002 2001 % Chg
-------------------------------------------------
Selling Days (S/D) 26 26
--------------------------------------------------------------------------
Century 11,424 12,948 -11.8 52,496 52,381 0.2
LeSabre 12,858 12,407 3.6 50,552 54,118 -6.6
Park Avenue 3,451 3,564 -3.2 12,926 14,610 -11.5
Regal 1,655 4,661 -64.5 10,350 21,387 -51.6
Riviera 0 0 ***.* 0 2 ***.*
Buick Total 29,388 33,580 -12.5 126,324 142,498 -11.4
-------------------------------------------------------------------------
Catera 10 1,314 -99.2 207 4,493 -95.4
CTS 3,473 0 ***.* 11,237 0 ***.*
DeVille 5,188 5,926 -12.5 27,909 35,536 -21.5
Eldorado 680 614 10.7 3,055 3,115 -1.9
Seville 1,524 1,973 -22.8 8,967 8,918 0.5
Cadillac Total 10,875 9,827 10.7 51,375 52,062 -1.3
-------------------------------------------------------------------------
Camaro 2,901 3,165 -8.3 13,980 14,027 -0.3
Cavalier 29,542 18,261 61.8 114,898 106,448 7.9
Corvette 3,049 2,847 7.1 12,899 13,501 -4.5
Impala 13,451 17,147 -21.6 78,903 85,418 -7.6
Lumina 5 340 -98.5 29 17,397 -99.8
Malibu 11,051 22,666 -51.2 66,661 86,156 -22.6
Metro 1 33 -97.0 12 6,430 -99.8
Monte Carlo 4,478 5,423 -17.4 24,952 29,001 -14.0
Prizm 1,997 5,303 -62.3 10,826 25,231 -57.1
Chevrolet Total 66,475 75,185 -11.6 323,160 383,609 -15.8
-------------------------------------------------------------------------
Alero 5,519 10,234 -46.1 39,508 55,789 -29.2
Aurora 1,154 1,561 -26.1 4,556 12,857 -64.6
Cutlass 0 3 ***.* 0 15 ***.*
Eighty Eight 0 1 ***.* 0 3 ***.*
Intrigue 1,201 2,857 -58.0 7,119 17,840 -60.1
Oldsmobile Total 7,874 14,656 -46.3 51,183 86,504 -40.8
-------------------------------------------------------------------------
Bonneville 2,410 3,248 -25.8 13,428 18,810 -28.6
Firebird 2,102 2,158 -2.6 10,072 10,184 -1.1
Grand Am 13,639 17,721 -23.0 67,141 80,658 -16.8
Grand Prix 10,664 11,360 -6.1 53,453 47,703 12.1
Sunfire 9,405 5,780 62.7 34,203 36,570 -6.5
Vibe 3,333 0 ***.* 8,448 0 ***.*
Pontiac Total 41,553 40,267 3.2 186,745 193,925 -3.7
-------------------------------------------------------------------------
9-3 2,267 1,783 27.1 10,625 7,911 34.3
9-5 1,735 1,231 40.9 5,952 5,554 7.2
Saab Total 4,002 3,014 32.8 16,577 13,465 23.1
-------------------------------------------------------------------------
Saturn L Series 8,756 11,910 -26.5 35,250 44,393 -20.6
Saturn S Series 14,643 21,021 -30.3 53,952 77,855 -30.7
Saturn Total 23,399 32,931 -28.9 89,202 122,248 -27.0
-------------------------------------------------------------------------
GM Total 183,566 209,460 -12.4 844,566 994,311 -15.1
-------------------------------------------------------------------------
GM Car Deliveries by Production Source
-------------------------------------------------------------------------
GM North America * 179,554 205,132 -12.5 827,782 976,353 -15.2
-------------------------------------------------------------------------
GM Import 4,012 4,328 -7.3 16,784 17,958 -6.5
-------------------------------------------------------------------------
GM Total 183,566 209,460 -12.4 844,566 994,311 -15.1
-------------------------------------------------------------------------
* Includes U.S./Canada/Mexico
2-1P
GM Car Deliveries - (United States)
May 2002
-------------------------------------------------------------------------
Calendar Year-to-Date
(1) May January - May
------------------------------------------------
%Chg
2002 2001 per S/D 2002 2001 % Chg
------------------------------------------------
Selling Days (S/D) 26 26
-------------------------------------------------------------------------
GM Car Deliveries by Production Source and Marketing Division
-------------------------------------------------------------------------
Buick Total 29,388 33,580 -12.5 126,324 142,498 -11.4
Cadillac Total 10,865 8,513 27.6 51,168 47,569 7.6
Chevrolet Total 66,475 75,185 -11.6 323,160 383,609 -15.8
Oldsmobile Total 7,874 14,656 -46.3 51,183 86,504 -40.8
Pontiac Total 41,553 40,267 3.2 186,745 193,925 -3.7
Saturn Total 23,399 32,931 -28.9 89,202 122,248 -27.0
GM North America
Total* 179,554 205,132 -12.5 827,782 976,353 -15.2
-------------------------------------------------------------------------
Cadillac Total 10 1,314 -99.2 207 4,493 -95.4
Saab Total 4,002 3,014 32.8 16,577 13,465 23.1
GM Import Total 4,012 4,328 -7.3 16,784 17,958 -6.5
-------------------------------------------------------------------------
GM Vehicle Deliveries by Marketing Division
-------------------------------------------------------------------------
Buick Total 32,934 34,678 -5.0 150,817 143,632 5.0
Cadillac Total 15,158 12,270 23.5 69,934 62,157 12.5
Chevrolet Total 219,787 250,234 -12.2 1,101,816 1,105,737 -0.4
GMC Total 43,493 55,872 -22.2 215,990 219,932 -1.8
HUMMER Total 45 76 -40.8 227 368 -38.3
Oldsmobile Total 10,462 20,461 -48.9 67,377 112,326 -40.0
Other-Isuzu Total 1,265 1,585 -20.2 5,596 6,940 -19.4
Pontiac Total 47,344 47,929 -1.2 215,841 227,379 -5.1
Saab Total 4,002 3,014 32.8 16,577 13,465 23.1
Saturn Total 28,546 32,931 -13.3 111,105 122,248 -9.1
GM Total 403,036 459,050 -12.2 1,955,280 2,014,184 -2.9
-------------------------------------------------------------------------
* Includes US/Canada/Mexico
3-1P
GM Truck Deliveries - (United States)
May 2002
----------------------------------------------------------------------------
Calendar Year-to-Date
(1) May January - May
--------------------------------------------------------
% Chg
2002 2001 per S/D 2002 2001 % Chg
----------------------------------------------------------------------------
Selling Days (S/D) 26 26
----------------------------------------------------------------------------
Rendezvous 3,546 1,098 223.0 24,493 1,134 ***.*
Total Buick 3,546 1,098 223.0 24,493 1,134 ***.*
----------------------------------------------------------------------------
Escalade 3,027 2,443 23.9 13,821 10,095 36.9
Escalade EXT 1,256 0 ***.* 4,738 0 ***.*
Total Cadillac 4,283 2,443 75.3 18,559 10,095 83.8
----------------------------------------------------------------------------
Astro 5,371 6,253 -14.1 23,073 28,444 -18.9
C/K Suburban(Chevy) 10,395 14,938 -30.4 53,866 60,487 -10.9
Chevy C/T Series 547 628 -12.9 2,470 2,732 -9.6
Chevy P Models & Mtr Hms 0 0 ***.* 0 27 ***.*
Chevy W Series 212 157 35.0 1,048 831 26.1
Express Cutaway/G Cut 1,659 1,374 20.7 7,775 5,859 32.7
Express Panel/G Van 5,596 6,252 -10.5 26,817 27,850 -3.7
Express/G Sportvan 1,866 1,981 -5.8 7,736 7,186 7.7
Kodiak 4/5 Series 74 0 ***.* 106 0 ***.*
S/T Blazer 9,388 13,928 -32.6 51,894 82,067 -36.8
S/T Pickup 14,391 19,381 -25.7 67,091 69,951 -4.1
Tahoe 17,108 19,822 -13.7 81,650 79,382 2.9
Tracker 3,836 5,186 -26.0 17,260 22,935 -24.7
TrailBlazer 15,596 4,762 227.5 90,162 6,209 ***.*
Venture 7,430 10,063 -26.2 36,134 36,181 -0.1
.............................................................................
Avalanche 6,421 716 796.8 37,404 717 ***.*
Silverado-C/K
Pickup 53,422 69,608 -23.3 274,170 291,270 -5.9
Chevrolet Fullsize
Pickups 59,843 70,324 -14.9 311,574 291,987 6.7
.............................................................................
Chevrolet Total 153,312 175,049 -12.4 778,656 722,128 7.8
----------------------------------------------------------------------------
C/K Suburban(GMC) 0 4 ***.* 0 29 ***.*
Envoy 6,711 4,102 63.6 36,080 6,299 472.8
GMC C/T Series 1,487 2,288 -35.0 5,911 6,325 -6.5
GMC W Series 247 337 -26.7 1,691 1,862 -9.2
P Models & Mtr Hms(GMC) 0 1 ***.* 0 11 ***.*
S/T Jimmy 89 2,598 -96.6 774 22,284 -96.5
Safari (GMC) 1,220 1,722 -29.2 6,184 9,521 -35.0
Savana Panel/G Classic 2,095 2,215 -5.4 8,341 11,408 -26.9
Savana Special/G Cut 1,151 3,087 -62.7 4,402 6,115 -28.0
Savana/Rally 206 283 -27.2 970 1,001 -3.1
Sierra 15,699 19,933 -21.2 79,593 80,720 -1.4
Sonoma 4,227 5,551 -23.9 18,033 17,957 0.4
Topkick 4/5 Series 33 0 ***.* 46 0 ***.*
Yukon 5,661 7,235 -21.8 29,781 30,619 -2.7
Yukon XL 4,667 6,516 -28.4 24,184 25,781 -6.2
GMC Total 43,493 55,872 -22.2 215,990 219,932 -1.8
----------------------------------------------------------------------------
HUMMER H1 45 76 -40.8 227 368 -38.3
HUMMER Total 45 76 -40.8 227 368 -38.3
----------------------------------------------------------------------------
Bravada 867 2,134 -59.4 6,970 9,109 -23.5
Silhouette 1,721 3,671 -53.1 9,224 16,713 -44.8
Oldsmobile Total 2,588 5,805 -55.4 16,194 25,822 -37.3
----------------------------------------------------------------------------
Other-Isuzu F Series 148 233 -36.5 768 985 -22.0
Other-Isuzu N Series 1,117 1,352 -17.4 4,828 5,955 -18.9
Other-Isuzu Total 1,265 1,585 -20.2 5,596 6,940 -19.4
----------------------------------------------------------------------------
Aztek 2,105 2,536 -17.0 11,372 13,588 -16.3
Montana 3,686 5,126 -28.1 17,724 19,866 -10.8
Trans Sport 0 0 ***.* 0 0 ***.*
Pontiac Total 5,791 7,662 -24.4 29,096 33,454 -13.0
----------------------------------------------------------------------------
VUE 5,147 0 ***.* 21,903 0 ***.*
Saturn Total 5,147 0 ***.* 21,903 0 ***.*
----------------------------------------------------------------------------
GM Total 219,470 249,590 -12.1 1,110,714 1,019,873 8.9
----------------------------------------------------------------------------
GM TRUCK Deliveries by Production Source
----------------------------------------------------------------------------
GM North America * 218,195 248,102 -12.1 1,104,714 1,013,170 9.0
----------------------------------------------------------------------------
GM Import 1,275 1,488 -14.3 5,975 6,703 -10.9
----------------------------------------------------------------------------
GM Total 219,470 249,590 -12.1 1,110,714 1,019,873 8.9
----------------------------------------------------------------------------
GM Light Duty Truck Deliveries by Production Source
----------------------------------------------------------------------------
GM North America * 215,605 244,594 -11.9 1,093,846 1,001,145 9.3
----------------------------------------------------------------------------
GM Import 0 0 ***.* 0 0 ***.*
----------------------------------------------------------------------------
GM Total 215,605 244,594 -11.9 1,093,846 1,001,145 9.3
----------------------------------------------------------------------------
* Includes U.S./Canada/Mexico
3-1P
GM Truck Deliveries - (United States)
May 2002
----------------------------------------------------------------------------
Calendar Year-to-Date
(1) May January - May
--------------------------------------------------------
% Chg
2002 2001 per S/D 2002 2001 % Chg
----------------------------------------------------------------------------
Selling Days (S/D) 26 26
----------------------------------------------------------------------------
GM TRUCK Deliveries by Production Source and Marketing Division
----------------------------------------------------------------------------
Buick Total 3,546 1,098 223.0 24,493 1,134 ***.*
Cadillac Total 4,283 2,443 75.3 18,559 10,095 83.8
Chevrolet Total 153,186 174,952 -12.4 777,956 721,580 7.8
GMC Total 43,346 55,637 -22.1 214,909 218,899 -1.8
HUMMER Total 45 76 -40.8 227 368 -38.3
Oldsmobile Total 2,588 5,805 -55.4 16,194 25,822 -37.3
Other-Isuzu Total 263 429 -38.7 1,402 1,818 -22.9
Pontiac Total 5,791 7,662 -24.4 29,096 33,454 -13.0
Saturn Total 5,147 0 ***.* 21,903 0 ***.*
GM North America
Total* 218,195 248,102 -12.1 1,104,739 1,013,170 9.0
----------------------------------------------------------------------------
Chevrolet Total 126 97 29.9 700 548 27.7
GMC Total 147 235 -37.4 1,081 1,033 4.6
Other-Isuzu Total 1,002 1,156 -13.3 4,194 5,122 -18.1
GM Import Total 1,275 1,488 -14.3 5,975 6,703 -10.9
----------------------------------------------------------------------------
GM Light Truck Deliveries by Production Source and Marketing Division
----------------------------------------------------------------------------
Buick Total 3,546 1,098 223.0 24,493 1,134 ***.*
Cadillac Total 4,283 2,443 75.3 18,559 10,095 83.8
Chevrolet Total 152,479 174,264 -12.5 775,032 718,538 7.9
GMC Total 41,726 53,246 -21.6 208,342 211,734 -1.6
HUMMER Total 45 76 -40.8 227 368 -38.3
Oldsmobile Total 2,588 5,805 -55.4 16,194 25,822 -37.3
Pontiac Total 5,791 7,662 -24.4 29,096 33,454 -13.0
Saturn Total 5,147 0 ***.* 21,903 0 ***.*
GM North America
Total* 215,605 244,594 -11.9 1,093,846 1,001,145 9.3
----------------------------------------------------------------------------
GM Light Truck Deliveries by Marketing Division
----------------------------------------------------------------------------
Buick Total 3,546 1,098 223.0 24,493 1,134 ***.*
Cadillac Total 4,283 2,443 75.3 18,559 10,095 83.8
Chevrolet Total 152,479 174,264 -12.5 775,032 718,538 7.9
GMC Total 41,726 53,246 -21.6 208,342 211,734 -1.6
HUMMER Total 45 76 -40.8 227 368 -38.3
Oldsmobile Total 2,588 5,805 -55.4 16,194 25,822 -37.3
Pontiac Total 5,791 7,662 -24.4 29,096 33,454 -13.0
Saturn Total 5,147 0 ***.* 21,903 0 ***.*
GM Total 215,605 244,594 -11.9 1,093,846 1,001,145 9.3
----------------------------------------------------------------------------
* Includes US/Canada/Mexico
GM Production Schedule - 6/3/02
---------------------------------------------------------------
GMNA
------------------- Total Memo: JV*
Units 000s Car* Truck* Total GME** GMLAAM GMAP Worldwide Car Truck
------------------- ----- -------- ----- ----------
2002 Q2 # 683 862 1,545 462 143 71 2,221 17 17
O/(U) prior
forecast:@ 15 (9) (6) 1 (1) 0 0
-------------------------------------------------------------------------------
2002 Q3 # 550 695 1,245 420 155 70 1,890 16 20
O/(U) prior
forecast:@ n/a n/a n/a n/a n/a 0 0
-------------------------------------------------------------------------------
GMNA
------------------- Total Memo: JV*
Units 000s Car* Truck* Total GME** GMLAAM GMAP Worldwide Car Truck
------------------- ----- -------- ----- ----------
1998
1st Qtr. 673 702 1,375 424 146 36 1,981 20 6
2nd Qtr. 615 557 1,172 479 153 39 1,843 13 8
3rd Qtr. 592 410 1,002 440 137 37 1,616 14 0
4th Qtr. 819 691 1,510 522 89 36 2,157 21 9
---- ---- ----- ----- --- --- ----- --- --
CY 2,699 2,360 5,059 1,864 525 148 7,596 68 23
1999
1st Qtr. 781 725 1,506 524 93 38 2,161 20 15
2nd Qtr. 760 795 1,555 533 110 25 2,223 22 13
3rd Qtr. 660 699 1,359 427 112 47 1,945 19 11
4th Qtr. 759 694 1,453 530 97 47 2,127 21 17
----- ---- ----- ---- --- --- ----- --- --
CY 2,960 2,913 5,873 2,014 412 157 8,456 82 56
2000
1st Qtr. 746 775 1,521 572 118 40 2,251 24 13
2nd Qtr. 787 781 1,568 534 140 45 2,287 19 17
3rd Qtr. 689 630 1,319 374 151 53 1,897 16 18
4th Qtr. 670 694 1,364 513 135 47 2,059 18 17
----- ----- ------ ----- ---- --- ----- --- --
CY 2,892 2,880 5,772 1,993 544 185 8,494 77 65
2001
1st Qtr. 581 633 1,214 538 138 51 1,941 918 9
2nd Qtr. 638 726 1,364 491 165 64 2,084 13 16
3rd Qtr. 573 665 1,238 373 146 74 1,832 11 15
4th Qtr. 573 721 1,294 441 127 67 1,929 9 16
----- ----- ----- ----- ---- --- ----- -- --
CY 2,365 2,745 5,110 1,842 575 256 7,786 46 61
2002
1st Qtr. 600 753 1,353 456 131 65 2,005 12 11
2nd Qtr. # 862 683 1,545 462 143 71 2,221 17 17
3rd Qtr. # 550 695 1,245 420 155 70 1,890 16 20
---------------------------------------------------------------
@ Numbers may vary due to rounding
'* JOINT VENTURE - NUMMI units included in U.S. Car, HUMMER in U.S. Truck,
CAMI units included in Canada Car and Truck figures.
** GME Production includes Saab back to 1999
# Denotes estimate
Note: Beginning with Q1 2001, a reclassification has been made in the
International regions to count vehicles as production in the region of final
assembly. 1999 and 2000 data has been adjusted to reflect this reclassification.
This report is governed by the Safe Harbor language found in the Terms and
Conditions on the GM Institutional Investor website.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GENERAL MOTORS CORPORATION
--------------------------
June 3, 2002
------------
By
/s/Peter R. Bible
--------------------------
(Peter R. Bible,
Chief Accounting Officer)