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To: Fingerstyle who wrote (7297)	11/14/1999 7:03:00 PM
From: Toni Wheeler	Respond to of 10081

Is this perhaps additional POTENTIAL for GMGC ?? : Reuters Finance News GM May Produce Cars With Isuzu, Suzuki By Biman Mukherji Nov 14 6:10am ET <<<NEW DELHI (Reuters) - General Motors Corp, the world's largest car maker, said it may consider producing automobiles with its partners Suzuki Motor Corp and Isuzu Motors Ltd for the Asia Pacific region. ``We don't rule that out, particularly in Asia-Pacific I wouldn't rule out working with them and jointly producing it,' General Motors Corp President G. Richard Wagoner told Reuters in an interview late on Saturday. General Motors has a 10 percent stake in Japan's Suzuki Motor Corp and 49 percent stake in Isuzu Motors Ltd Wagoner, who was in the Indian capital to unveil the new Opel Corsa for the domestic market, said the firm now expected to see returns on its investments in the Asia Pacific region. ``We actually have made a lot of investments and we hope many of them begin to pay off...the Shanghai project is huge there plus we have another one in Shenyang which will help us quite a bit.' General Motors has a $1.5 billion joint venture with China's Shanghai Automotive Industry Corp to manufacture Buicks. In Shenyang it has a $230 million 50-50 joint venture with China's First Automotive Works. Wagoner said projects in Thailand and India would also help the firm increase its presence in the region. NEW PROJECT IN THAILAND ``We have a new project coming up next year in Thailand which will provide some excellent production capacity. We've established footprints at least here in India as well in Indonesia. We've got a large presence in Australia.' In India, General Motors Corp's wholly-owned subsidiary -- General Motors India -- produces several variants of the mid-sized Opel Astra car in its Haloi plant in the western state of Gujarat. Wagoner said the firm expects improvement in Japan to help it break even in the Asia-Pacific region in 2000. ``I wouldn't rule it out next year,' he said. ``Its going to take some improvement in Japan at Isuzu but we think it's possible.' The firm would continue to trim its costs world-wide which was also expected to firm up operations in the Asia-Pacific region. ``We see it in North America, we are seeing it in Europe and also more focus on innovative products, aggressive product introduction -- so we are trying to marry the revenue side and the cost side,' Wagoner said. NEED TO ``GROW PROFIT MARGINS' ``We've actually got to grow our profit margins in this pretty tough environment and we've succeeded in doing that in North America, now we are getting more focused in Europe and we are yet to break-even in this region and that will be a big help too.' Wagoner said General Motors would deploy all resources at its disposal to carve out a larger market share in the region. ``We try to really push in on all fronts and apply all the resources of the GM family, the GM Group including those of Isuzu and Suzuki to help us achieve what we think is an important goal.' He said while GM's market penetration in the Americas and Europe was between 10 and 30 percent, its share in Asia Pacific was less than five percent. ``This region is really the one where we are underperforming and we think if we use the same kind of effort and resources as we have elsewhere in the world then we can, in a tough market, meet our objectives and increase our share.' *The firm aims to more than double its market share in the region to 10 percent by 2005.*>>>