GKN is a global engineering business serving mainly the automotive, industrial, off-highway and aerospace markets. The bulk of our sales are made to vehicle and aircraft manufacturers as well as, in Aerospace, to other major tier one suppliers. We operate in four different business areas: Automotive activities comprise GKN Driveline and Other Automotive companies which supply driveshafts, geared components, torque management devices, structural and engine components and substrates for catalytic converters, largely to vehicle manufacturers in the global car and light vehicle markets. Powder Metallurgy produces powdered metal and sintered components for automotive and other industrial customers. OffHighway mainly designs and manufactures steel wheels and driveline products for the agricultural, construction and mining, and industrial machinery markets. Aerospace activities are concentrated on the production of airframe and engine structures, components and assemblies for both military and civil aerospace markets. The Group has operations in over 30 countries with 36,500 employees in subsidiary companies and a further 3,500 in joint ventures. In 2008 GKN achieved sales (1) of £4.6 billion and profit (2) of £167 million. (1) Includes share of joint ventures. (2) Excludes restructuring and impairment charges, amortisation of non-operating intangible assets arising on business combinations, profits and losses on the sale or closure of businesses, change in the value of derivative and other financial instruments and profits arising on discontinued operations.