DEAr shArEholDErs,
2001 wAs A ChAllEnging But suCCEssFul yEAr For our CompAny. wE wErE (19) By onE oF thE most BrutAl gloBAl EConomiEs in DECADEs, As wEll As By thE (20) oF thE trAgEDy oF sEptEmBEr 11.But our pEoplE (21) rEmArkABly to thEsE ChAllEngEs. thAnks to thE Continuous upgrADing, (22) AnD ExpAnsion oF our moDEl rAngE, wE wErE ABlE to inCrEAsE our shArE oF A gEnErAlly DEClining worlD AutomotivE mArkEt From 13.1% to 13.5%. sAlEs (23) inCrEAsED By 6.5% to
88.5 Billion. thE proFit BEForE tAx oF
4.4 Billion inCrEAsED By A DisproportionAtEly high Amount, (24) thE prEvious yEAr’s FigurE By 18.6%.
in 2001 wE (25) Eight nEw moDEls AnD introDuCED numErous nEw EnginE (26) AnD EquipmEnt DEtAils. wE will ContinuE to ExpAnD gloBAl mArkEt (27) in thE Coming months AnD ADD to our moDEl rAngE with proDuCts.
in orDEr to (28) thE CompEtitivEnEss oF our CompAny, in thE nExt FivE yEArs, wE plAn to invEst
31.2 Billion in (29) AssEts in thEAutomotivEDivision. thE AvErAgE invEstmEnt rAtio ovEr thE nExt FivE yEArs will BE rEDuCED From 8.1% to 6.7%, whiCh is At thE lEvEls oF oAr CompEtitors.
with our (30) BrAnD AnD proDuCt portFolio, our skillED AnD (31) workForCE, our CommErCiAl strEngth AnD our FoCus on (32) BusinEss, wE ExpECt to mAkE FurthEr mArkEt shAm gAins For thE Coming yEAr, whilE kEEping oAr CompEtitivE position strong.
wE thErEForE Ask you onCE AgAin to plACE your (33) in us As you hAvE in thE pAst.
yours sinCErEly,
j. o’nEil
j. o’nEil
ChAirmAn
A．royAltiEs
B．rEvEnuE
C．inComE
D．rEturns