Exports by General Motors' Australian operation Holden increased by 37 percent in 2000, contributing $A1.3 billion ($US555 million) to the continent's balance of trade and consolidating the company's position as the leading exporter of automotive products and services. By 2005, Holden predicts that its export revenue earnings will hit the $A2.3 billion ($US1.3 billion) mark, buoyed by global sales of V6 engines to be produced at a new facility in Melbourne, Victoria.