[Devine said the company saw fewer sales of higher-priced, more profitable sport/utility vehicles and pickups, and more sales of small SUVs and cars, in the quarter. GM's sales mix has been] relatively strong in recent years, ... And after reasonably stable (U.S. market) share the last four to five years, we're down this year, and it hurts. |
As we stand today, we don't know what the outcome is for Delphi, that's their call, |
Certainly the first quarter was better than anybody expected, but we're still looking for a very good year, ... The consumer is king right now and we're going to take advantage of that. |
Clearly we are going to have to put more of our operational cash flow into pensions than we'd like or we had planned earlier, |
Delphi is very important to us, and we obviously want to be as constructive as we can. That said, we obviously are going to do what's best for General Motors. |
frankly for me, flat is pretty good. |
GM has a high degree of confidence in the business despite the volatility in the marketplace and the intense competitive environment, ... GM's inventory levels came down significantly during the first half and are now at appropriate levels. This should allow us to maintain reasonably stable production rates for the balance of the year. |
I don't think the war is over on incentives. |
If they want it so badly, let them do a little work for it, |
In South America we're going in the wrong direction, |
It is just above breakeven, but we think it's an important signal inside the company and outside the company that we were able to maintain automotive profitability, |
It's a good quarter. Good progress. We're not at a level yet in the automotive business that we're pleased with, so we have a lot of work to do. But we had another record quarter in financial services and a record year. |
It's a good start on the $10 number, but we have a lot of work to do to reach it and then sustain it, |
It's clear from the data we're getting the disadvantage of some stronger headwinds, |
It's nice to be above expectations, but we're certainly not pleased with the overall results. They're not acceptable results in our view. We have a lot more to do. |