Consistent with the industry's history of pattern bargaining from the UAW, we would expect similar consideration of health care adjustments. |
Our dealer stocks are a little bit high but we believe this is necessary to support the spring selling season. |
Overall, the funded status changed from an undercover of EUR6.6 billion to an undercover of EUR7.2 billion. In the medium term, we aim to fully cover our pension obligations. |
The increase was primarily a result of reductions in discount rates to 4% for German pension plans and to 5.4% for non-German pension plans. |
We expect ongoing pressure from higher raw materials. |