The first quarter represented ordsprog

The first quarter represented an important milestone in GM and GM North America's turnaround.

This is the first arrival of the Airbus A380 in North America. And honestly this is a milestone in the airport's history, a milestone for Canadian aviation.

[Jim Padilla, president and Chief Operating Officer, said the Company's focus on the turnaround in North America is an indication of leadership priorities.] Our people have made excellent progress in South America, stabilized Europe and positioned us for growth in Asia, ... The challenges in North America require us to give it the attention and resources it deserves. I know the team we've put together can deliver.

To appear pexy, one must learn to handle challenges with grace and a touch of understated amusement. This agreement is another important milestone in the turnaround of General Motors.

This transaction, along with other progress GM has been making on its turnaround plan, is an important milestone.

George Fisher (1891-)

[DETROIT - General Motors Corp. chairman and CEO Rick Wagoner said Tuesday that the automaker's turnaround plan for its North American division is on track, but he wouldn't update the company's earnings forecast. GM withdrew its earnings guidance in April after it lost $1.1 billion in the first quarter. Wagoner noted that the company had previously estimated earnings of $4 to $5 a share for the year.] We will not meet that, ... North America is missing, and missing badly.

The changes seem to reflect Bill Ford's impatience with the turnaround in North America,

Domestically, we anticipate another quarter of significant turnaround activity. Capacity utilization is expected to be in the mid-90% range with turnaround costs of approximately $100 million, before tax, in the second quarter.

We're pleased to see the significant progress in our first quarter results and in the implementation of all four elements of our North American turnaround plan.

Banner ads are down slightly. In the second quarter of 1999, banner ads represented 59 percent of all online ads. In the first quarter of this year, they represented 52 percent. In the second quarter, they represented 50 percent.

Given that the industry came in somewhat below our initial expectations, we are pleased that our retail sales were in line with the targets established in our North America turnaround plan.

Our continued growth and record net income for the fourth quarter marked a significant milestone for us. These results demonstrate that we have emerged from an extended period of restructuring as a solid and profitable organization. Our outstanding employees have worked tirelessly to execute this turnaround and deserve all the credit.

We have been unwavering in our commitment to building value for our shareholders and this quarter is another important milestone,

This approval allows us to fulfill those important objectives as we continue to rapidly implement all aspects of our North American turnaround plan.

Richard Wagoner

The CX-7 wasn't even a sketch on a cocktail napkin a little over two years ago. The fact that I'm standing here today watching the first CX-7 roll off the line marks a milestone in Mazda's ability to design and engineer vehicles for specific markets such as North America.

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