This Week:

• Ford unveils an American beauty in Thunderbird Sports Roadster concept

• "Will" Finds Its Way To 2001 Los Angeles Auto Show In The Form of a New Concept Vehicle

• 2001 Detroit Auto Show - Three world premieres for Mercedes-Benz

• Renault consolidates its lead with 29.1% of the French automobile market in 2000

• Porsche - Horst Marchart hands over the Development Center in Weissach to Wolfgang Dürheimer

• BMW Group Looks Back On A Successful Year: Over 2,500 New Jobs In Germany

• Mercedes-Benz M-Class Production in 2000 Increases 17 Percent Over Last Year
  .
• Volvo Caps 2000 With Sales Records
  .

• New Five Year/60,000 Mile Service Plan Announced By Oldsmobile
  .

• Hyundai Motor Company Moves to New Headquarters In Korea
  .

• Delphi to Become Battery Supplier To International Truck and Engine Corporation  
  .
• Visteon Corporation Wins Mach(R) Satellite Digital Radio Contract With Ford Motor Company

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News of  January 02, 2001

New Five Year/60,000 Mile Service Plan Announced By Oldsmobile

DETROIT - Following the recent announcement to phase out Oldsmobile over the next several years, Oldsmobile today announced a new 60 month/60,000 mile General Motors protection plan for all 2000 and 2001 Oldsmobile products including Alero, Intrigue, Aurora, Bravada and Silhouette models. The new protection plan also will cover the 2002 Bravada that will be available in dealer showrooms in the coming months.

"As previously stated, Oldsmobile will be phased out gradually. However, we want our customers to feel confident that any new Oldsmobile products they buy will be covered on specific components and assemblies for a full five years or 60,000 miles through the entire General Motors dealer network" said Debra Kelly-Ennis, general manager of Oldsmobile.

Components covered under the Major Guard protection plan include the engine, transmission, front and rear wheel drive assembly, fuel and cooling systems. Additional coverage also is provided for the electrical and computer systems, brakes, suspension and steering systems. Under the plan, the customer pays no deductible costs.

Currently, the automaker has a 3-year/36,000 mile bumper-to-bumper warranty on all its vehicles.

The new offer is available to customers who purchase all new and unused 2000, 2001 and 2002 Oldsmobile products and is effective immediately through April 15, 2001.

(Dec. 21, 2000)

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