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Ward's Reports Estimated Production

23 October 1998

Ward's Reports Estimated Production
    SOUTHFIELD, Mich., Oct. 23 -- Vehicle production this week in
the U.S., Canada and Mexico is expected to hit an estimated 352,843 units, up
from the 351,062 cars and trucks built a week ago, according to Ward's
Automotive Reports.
    Including this week's estimates, calendar year North American output now
totals 12,877,548 vehicles, down 1.7 percent from like-1997's pace.
    In the U.S., automakers are expected to produce 272,527 vehicles this
week, down 0.1 percent from the 272,746 cars and trucks built last week.  To
date, calendar 1998 U.S. vehicle output totals an estimated 9,747,485 units,
down 1.7 percent from the 9,915,494 vehicles built in like-1997.
   This week's Canadian vehicle production is estimated at 52,743, a 3.3
percent increase from the 51,061 units assembled a week ago.  Estimated
calendar-1998 Canadian vehicle production now stands at 2,026,173 units, off
4.8 percent from the 2,129,217 vehicles produced in like-1997.
    Of the cars and trucks slated for production this week in the U.S.,
General Motors Corp. accounted for 34.6 percent; Ford Motor Co., 29.1 percent;
Chrysler Corp., 14.6 percent; Honda of America Mfg. Inc., 5.0 percent; Toyota
Motor Mfg. Inc., 4.3 percent; New United Motor Mfg. Inc., 2.8 percent; Nissan
Motor Mfg. Corp., 2.3 percent; AutoAlliance International Inc., 1.6 percent;
Subaru-Isuzu Automotive Inc., 1.7 percent; Mitsubishi Motor Mfg. of America
Inc., 1.4 percent; Mercedes-Benz U.S. International Inc., 0.6 percent; BMW of
North America Inc., 0.3 percent; and other manufacturers, 1.7 percent.

                      NORTH AMERICA FACTORY PRODUCTION

           This Week   Last Week   Same Week   To Date   To Date   Pct. Change
           Estimated    Revised    Last Year    1998      1997   1998 vs. 1997
    U.S.
    Cars     132,648    124,686     127,319  4,535,495  4,894,887     -7.3
    Trucks   139,879    148,060     143,723  5,211,990  5,020,607      3.8
    TOTAL    272,527    272,746     271,042  9,747,485  9,915,494     -1.7
    Canada
    Cars      34,219     30,563     26,729   1,174,002  1,142,658      2.7
    Trucks    18,524     20,498     24,542     852,171    986,559    -13.6
    TOTAL     52,743     51,061     51,271   2,026,173  2,129,217     -4.8
    Mexico
    Cars      17,644     17,595     15,973     742,146    656,424     13.1
    Trucks     9,929      9,660      9,590     361,744    395,368     -8.5
    TOTAL     27,573     27,255     25,563   1,103,890  1,051,792      5.0
    U.S.\Canada\Mexico
    Cars     184,511    172,844    170,021   6,451,643  6,693,969     -3.6
    Trucks   168,332    178,218    177,855   6,425,905  6,402,534      0.4
    GRAND    352,843    351,062    347,876  12,877,548 13,096,503     -1.7
   TOTAL

    Note: All figures include medium- and heavy-duty truck production.
    ON THE WEB: http://www.wardsauto.com