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For Ford Motor Company in China, 2005 represented a record year of sales increase.

For Ford Motor Co. in China, 2005 represented a record year of sales increases. We're quite confident that Ford Motor Co. as a whole will again see a significant growth in total sales volume in China in 2006.

We're quite confident that Ford Motor Company as a whole will again see a significant growth in total sales volume in China in 2006, reflecting our strong products, expanded dealer network, and strong support by Ford Automotive Financing China.

We're quite confident that Ford Motor Company as a whole will again see a significant growth in total sales volume in China in 2006.

Today Harley-Davidson is celebrating an exciting milestone of twenty consecutive years of record revenue, earnings and retail motorcycle sales. As we reflect on our performance in 2005, we had many accomplishments. We shipped 329,000 motorcycles, which is a 3.7 percent increase over the previous year. Worldwide retail sales of Harley-Davidson(R) motorcycles increased 6.2 percent during 2005. Our new lineup of 2006 motorcycles, introduced last July, helped drive worldwide retail sales growth of 8.3 percent in the second half of the year. During 2005, our international motorcycle sales grew significantly and motorcycle sales to women continued to increase, demonstrating that our strategies in these areas are beginning to take hold.

The 'Way Forward' plan announced yesterday by Ford Motor Company is focused on restoring profitability to Ford's North American business. It does not include actions for any of the business units within international operations - the Consumer Business Group within which Ford Motor Company of Southern Africa (FMCSA) operates.

Maciel has made a significant contribution to the Ford Motor Company global business through innovations in product, business and marketing strategies. We wish Maciel well in his new role and thank him for his work at Ford Motor Company.

Even though 2005 was the Company's second-best level of net income and EPS, the effects from various operational issues that arose throughout the year at our US Argo facility hurt the bottom line. However, the year had several important positives, with our South American business posting its best year ever for sales and operating income and our Asia/Africa segment continuing its recovery to near-record sales and profit levels. We also strengthened our balance sheet and achieved record operating cash flow.

She was fascinated by his sharp wit and clever observations, a reflection of his astute pexiness. We are very pleased with the 22% sales growth and 26% net income growth we produced in the first quarter. Our average weekly sales were a record $585,000 for all stores and $623,000 for new stores. Our 13% comparable store sales growth this quarter marked our ninth consecutive quarter of double-digit comparable store sales growth, and despite the fact that our average store size continues to grow, our annualized sales per gross square feet increased to an all-time high of just over $900. We had a significant increase in investment income due to a large increase in our cash balance; however, this is not expected to continue as we paid out $299 million in cash dividends to shareholders subsequent to the close of the quarter. Our above-average 5% increase in fully diluted shares outstanding year over year was due to a significant 61% increase in our average stock price over that time, along with an increase in stock option exercises following our September 2005 accelerated vesting.

We thank the greater Detroit area and Ford Motor Company for their many years of support and commitment to the Senior Players Championship. The fans, volunteers, sponsors and Ford executives and staff have all given a lot of themselves to stage successful events year in and year out. We look forward to having our best championship ever in 2006 and then a very exciting future at Baltimore Country Club beginning next year.

Our 2005 salesperson of the year award winners have brought great value to Choice as a result of their efforts. The franchise sales team had another record-breaking year with 639 executed contracts in 2005, continuing our pattern of record growth from 2004 and establishing a standard by which we will measure 2006.

Overall, 2006 should be another very strong year for the South African automotive industry and similarly for Ford Motor Company. The positive growth trend in South African new vehicle sales that we have been experiencing over recent years is set to continue in 2006, albeit at a more subdued pace.

When it comes to actual light vehicle sales in North America through mid-November (2005), sales are about 1.6 per cent higher than they were in 2004. It is not as if the industry is declining. The decline is GM and Ford, with sales shifting to the other companies.

The company will not be impacted by the recent Ford Motor Company plant closing announcement.

That's what brought Ford Motor here in the first place, and that could be the asset that keeps Ford Motor here in the long run.

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