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16 The Clarington Independent, Bowmanvillc Saturday, November 12,1994 Separate School Board Trustee Wards 1*2 + 3 ELECT Market Share Climbs GM Says Financial Upturn Donna LUCAS-ASTLEY © Authorized by the CFO for the Donna Lucas-Astley campaign. © ON NOVEMBER 14,1994 RE-ELECT Continues The financial turnaround of General General Motors Coip. remains on track, GM's Chief Executive Officer and President John F. Smith, Jr., said in Hamilton Tuesday. "Although we were not satisfied with our performance in the third quarter, we remain confident that our fundamental turnaround strategies are sound, and we are on track to achieve them," Smith told about 425 executives executives from Canadian automotive supplier supplier companies that supply GM's operations operations worldwide. "We've experienced some ups and downs along the path as we work to complete our financial turnaround, and we were not happy with the third-quarter results," Smith said. "Our financial performance in the quarter was unfavorably impacted by new-model start-ups, production losses losses related to strikes at two North American facilities, and higher engineering engineering costs related to our aggressive aggressive product programs," he explained. explained. PUBLIC SCHOOL TRUSTEE WARD 3 Last on the Ballot - First with You in Mind! Authorized by the CFO for the Bob Willsher campaign RE-ELECT Mike SLOCOMBE "We've restructured and consolidated consolidated operations, reduced the number of employees, and realigned our product programs. We're redoubling our cost-cutting efforts and focusing on making fundamental improvements improvements in our operating efficiency," Smith said.. Suppliers play an important role in helping GM achieve its objective of industry leadership through customer customer enthusiasm. "We simply have to require the world's best from you," Smith said, "because the customer demands it of us. The best price is not enough. Service is very important, important, and quality is absolutely essential." essential." Trustee - Ward 2 Northumberland-Clarington Board of Education Experience: 1980 - 82: Trustee of the Board 1982 -85: Appointed Member of the Board's Special Education Advisory Committee 1985 - 88: Trustee of the Board 1988 - 91 : Trustee of the Board & Vice-Chairperson (1991) 1991 - 94: Trustee of the Board & Chairperson (1992) 1988 - 94: Director, Ontario Public School Boards' Association (5 years) SLOCOMBE, Mk. © Authorized by the CFO for the Mike Slocombe Campaign © GM's worldwide purchasing process process plays a key role in leading change and helping the entire General General Motors organization think and act globally. "It's giving us a big pay-off and we are convinced it will also offer offer growth opportunities to our suppliers," suppliers," Smith said. "Since May of 1992, Canadian suppliers have received received almost $3 billion (Canadian) in net new business from GM. On an annual basis we purchase over $5 billion billion (Canadian) from our Canadian suppliers." Smith told the GM Canadian Supplier Supplier Council that the corporation continues to implement aggressive strategies worldwide to restore GM to a position of Industry leadership with primary emphasis on restoring profitability to the key North American American Operations business sector. Smith pointed to a number of encouraging encouraging factors that have particular significance in an increasingly competitive competitive marketplace: • Our 1995-model start-up was the best ever from a product-quality perspective. perspective. • Recent customer surveys give us all-time-high ratings in sales satisfac-, tion. • Total GM vehicle sales in Canada Canada and the United States are up 7.9 percent for the first ten months of the year, compared with the same period last year. • GM's market share increased in the third quarter of 1994, and for the 1994 model year, even with intense competition and the capacity constraints constraints that limited production of some of our key models. • GM consolidated net income improved improved in both the third quarter and the first nine months of 1994 compared compared with the same periods last year. Our net income in the first nine months of this year was $2 billion more than during the same period last year. "We're going to continue building on our successes, and at the same time continuously improve all of our operations as we work to complete this turnaround," Smith said. ELECT REG WILLflTTS for MfiYOR of CLfiRINGTON Good Government Requires 1) Ability to work with people 2) Accessibility 3) Strong leadership 4) Commitment to the people 5) Accountability 6) Protect the environment For information or help Call 623-7084 for transportation WILLATTS. REG Authorized by the CFO for the Reg Willatts campaign Wards 1-2-3 ELECT Paul for HYDRO-ELECTRIC COMMISSIONER (November 14, 1994) "It is a pleasure to have the opportunity to contribute to the great municipality of Clarington" -Paul Reesor. My ancestors travelled from Pennsylvania to the region in 1804. I share their commitment of always investing back into the community. I have 10 years service with a large municipal utility and work in the areas of energy management and community relations. It is my personal goal to sustain environmental responsibility through the good management of electricity usage. If elected, I will do my utmost to guard your interest to deliver electricity to you at cost. Authorized by the CFO for the Paul Reesor campaign.