4.11.2002
GM ANNOUNCES OCTOBER SALES, PRODUCTION RESULTS AND FORECAST

GM dealers in the US sold 391,070 new cars and trucks in October, down 32 percent versus October 2001 when GM posted exceptional sales with its "Keep America Rolling" marketing program.

GM dealers in the US sold 391,070 new cars and trucks in October, down 32 percent versus October 2001 when GM posted exceptional sales with its "Keep America Rolling" marketing program.

GM's overall truck sales were down 26 percent, and GM car sales decreased 40 percent. When compared to September, GM posted a 7 percent overall sales gain, and retail sales increased 15 percent.

October Production Results; Revised 4-Q Production Forecast
In October, GM produced 578,300 vehicles in North America, compared to 485,000 vehicles produced in October 2001. (Production totals include joint venture production of 17,000 vehicles in October 2002 and 10,000 vehicles in October 2001.)

The following is GM's revised fourth-quarter production forecasts for each region:

GM North America - The fourth-quarter production forecast for GMNA has been revised to 1.410 million units.

GME - The region's revised fourth-quarter production forecast is 469,000 vehicles.

GM AP - GM Asia Pacific's revised fourth-quarter production forecast is 82,000 vehicles.

GM Latin America, Africa and the Middle East - The region's revised fourth-quarter production forecast is 166,000 units.