GM Announces Revised Oldsmobile Product Lifecycle Plans

Detroit …General Motors announced today that its current plan is to end Oldsmobile production with 2004 models. GM previously announced that Oldsmobile products would continue to be produced and sold until the end of their current product lifecycles, or production would end earlier if market demand fell below economically viable levels. Oldsmobile production has remained unprofitable and, therefore, GM's current planning is to end production with the 2004 models. Here are the current product plans:

* As previously announced

Product	Current Plan for Models
Intrigue	2002 — production ends 6/2002*
Aurora — V6	2002 — production ends 6/2002*
Aurora — V8	2003 — production ends 5/2003
Alero	2004 — exact build-out date TBD
Silhouette	2004 — exact build-out date TBD
Bravada	2004 — exact build-out date TBD

Oldsmobile dealers were told that the Oldsmobile Dealer Agreements would continue with the term of their current agreement unchanged. This announcement gives dealers significant flexibility to best manage their business through this transition. Dealers will be able to continue operations such as selling Oldsmobiles, providing Oldsmobile warranty service, accessing the GM auctions and participating in Goodwrench Service Plus.

In a letter to Oldsmobile dealers, Bill Lovejoy, group vice president, Vehicle Sales Service and Marketing, said "Dealers have been asking for more information about the phase-out of Oldsmobile in order to give them more flexibility. We intend to continue to provide them with timely information about our plans to help them plan their business."

Oldsmobile dealers still have an opportunity to avail themselves of the Transition Financial Assistance Package, which was designed to help them plan and manage an orderly transition of their Oldsmobile business.