It's undervalued. There's a hidden asset, and GM's realizing some of that value for shareholders. They're going to use some of this stock to buy back some GM, |
Korea is the sixth largest car market in the world, and companies need the distribution network that Daewoo has. It also is a good platform with its low cost small car to move into China. It might not be the hottest one at the dance, but it's the only single one. |
Language in the filing seems to suggest that a deal is not imminent and may not happen at all. Since the company appears to have suggested to the rating agencies that it expects resolution by the end of first quarter, we perceive elevated risk [surrounding] the sale. |
My feeling is that it (the Firestone brand) is irreparably damaged, ... I don't see how or why they would try to support the brand when they have a better brand (Bridgestone) that is unscathed by this news. |
My feeling is that it (the Firestone brand) is irreparably damaged. I don't see how or why they would try to support the brand when they have a better brand (Bridgestone) that is unscathed by this news. |
On the negative side, however, the market appears to have become too optimistic about the potential for a GMAC sale. |
Our key takeaway from Toyota and Nissan presentations is that there may be more risk to our GM and Ford market share assumptions than previously thought. |
Sales of 16 million now looks a lot less profitable than 16 million did a few years ago, |
The Firestone name is horribly damaged and it's definitely not clear they can survive the damage. |
The full benefit of the 18 million vehicle sales pace a year ago was never really achieved because of severe negative pricing over last couple of years. What's going to happen as auto demand decline you're not going to see pricing go up, you'll see pricing go down more. |
The industry is on fire. |
The primary reason for our change of thinking is that there may be a legitimate argument that GM and the UAW would be better off if Delphi files, |
The primary reason for our change of thinking is that there may be a legitimate argument that GM and the UAW would be better off if Delphi files. |
The problem with a lot of cars introduced is achieving differentiation. Most new vehicles rather quickly have to have price concessions. This thing is very unique. |
They've been telling us explicitly that they haven't decided on what their small car strategy is going to be, ... But they said their discussions with Fiat have not been on the basis of a merger, and that PSA is still their preferred partner. |