Ward's Reports Estimated North American Vehicle Production - July 3, 2003

SOUTHFIELD, Mich., July 3 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 113,512 units, down considerably from the 335,257 cars and trucks built last week due to many manufacturers' summer shutdowns and model year changeovers, according to Ward's Automotive Reports.

Including this week's estimates, calendar year North American output now totals 8,620,124 vehicles, down 2.5 percent from like-2002's pace.

In the U.S., automakers are expected to produce 56,647 vehicles this week, down 77.3 percent from the 249,276 cars and trucks built last week. To date, calendar 2003 U.S. vehicle output totals an estimated 6,309,637 units, down 2.5 percent from the 6,468,966 vehicles built in like-2002.

This week's Canadian vehicle production is estimated at 28,365, a 46.1 percent decrease from the 52,611 units assembled last week. Estimated calendar-2003 Canadian vehicle production now stands at 1,407,430 units, down 1.7 percent compared to the 1,431,739 vehicles produced in like-2002.

Of the cars and trucks slated for production this week in the U.S., General Motors Corp. accounted for 4.2 percent; Ford Motor Co., 0.0 percent; Chrysler of DaimlerChrysler, 52.6 percent; Honda of America Mfg. Inc., 0.0 percent; Toyota Motor Mfg. Inc., 21.5 percent; Nissan Motor Mfg. Corp., 0.0 percent; New United Motor Mfg. Inc., 10.9 percent; Subaru Automotive Inc., 0.0 percent; Mitsubishi Motor Mfg. of America Inc., 0.0 percent; AutoAlliance International Inc., 0.0 percent; Mercedes-Benz U.S. of DaimlerChrysler, 0.0 percent; BMW of North America Inc., 5.0 percent; and other manufacturers, 5.8 percent.

                     NORTH AMERICA FACTORY PRODUCTION
         This Week   Last Week   Same Week   To Date   To Date   Pct. Change
         Estimated    Revised    Last Year     2003      2002  2003 vs. 2002
  U.S.
  Cars     17,749     94,820     12,121    2,382,994    2,729,023    -12.7
  Trucks   38,898    154,456     26,402    3,926,643    3,739,943      5.0
  TOTAL    56,647    249,276     38,523    6,309,637    6,468,966     -2.5
  Canada
  Cars     14,458     27,753      8,586      747,063      722,770      3.4
  Trucks   13,907     24,858      9,637      660,367      708,969     -6.9
  TOTAL    28,365     52,611     18,223    1,407,430    1,431,739     -1.7
  Mexico
  Cars     14,071     16,722     14,115      469,683      518,464     -9.4
  Trucks   14,429     16,648      5,395      433,374      423,603      2.3
  TOTAL    28,500     33,370     19,510      903,057      942,067     -4.1
  U.S.\Canada\Mexico
  Cars     46,278    139,295     34,822    3,599,740    3,970,257     -9.3
  Trucks   67,234    195,962     41,434    5,020,384    4,872,515      3.0
  GRAND   113,512    335,257     76,256    8,620,124    8,842,772     -2.5
  TOTAL

  Note: All figures include medium- and heavy-duty truck production.
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