18 ordspråk av Mark Oline
Mark Oline
American Axle continues to suffer from exposure to GM and certain platforms within GM.
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GM's opportunity for shrinking its cost structure appears to be narrowing,
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GM's opportunity for shrinking its cost structure appears to be narrowing.
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It also reinforces the fact that GM will have to make even more significant cuts in their own cost structure going forward.
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It was a modest first step, but the heavy lifting is still to come. This was probably one of the easier elements to resolve.
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It's a distinct possibility that a work action does take place somewhere through the course of this bankruptcy.
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It's concerning that it was at this late date that the company is not able to publish its financial statements. If the amounts remain as stated in their press release, then it's not that material.
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Recent incentive programs have established lower market pricing that makes GM increasingly vulnerable to volume declines which could occur as a result of a decline in economic conditions or simply a sustained falloff following recent industry sales spikes,
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Recent incentive programs have established lower market pricing that makes GM increasingly vulnerable to volume declines which could occur as a result of a decline in economic conditions or simply a sustained falloff following recent industry sales spikes.
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Short term, the main focus is Delphi as far as the ratings are concerned.
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The extent of the wage and benefit reductions Delphi is seeking would be difficult for any union to swallow easily.
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The UAW has a lot of incentive to negotiate concessions out of court, given the lesser influence it would have in a bankruptcy scenario,
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The UAW has a lot of incentive to negotiate concessions out of court, given the lesser influence it would have in a bankruptcy scenario.
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They certainly distinguished themselves ... but they are not immune to the pressures faced by other suppliers, mainly lower production in North America and commodity costs.
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They showed some solid revenue growth, which was expected given their new business wins.
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