News From the Auto Industry

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The Women's Automotive Association International (WAAI) was founded in 1995 when Lorraine Schultz brought to life the vision of an organization dedicated to the development and advancement of women as automotive industry leaders. Today, the organization continues to thrive throughout the United States and Canada as the leading women's global organization dedicated to this purpose. The WAAI is a non-profit, professional society comprised of women who are key players in all aspects of the automotive industry.

The WAAI is dedicated to:

• recognizing the achievements of women in the automotive industry;
• providing education and news of particular interest to women in the industry;
• building relationships through networking opportunities and the other forums;
• encouraging growth through mentoring, educational endeavors and scholarships.

But optimism is tempered by concern over the U.S. economy. GM forecasts it will be profitable during each quarter of 2003, including earning at least $1 per share during April-June. But the auto maker reveals it is less confident it will hit its earnings goal of $5 per share for 2003 due to the weak economy.

“I think we are less certain,” admits GM Chief Financial Officer John Devine. “I think the caution we provided is particular to the U.S. because it is our biggest market. Certainly the war has had some impact. But it’s more than that. It’s where is the economy going and what are the drivers going forward?”