Like steel, textiles, airlines and other American industries that have undergone radical restructurings, ... we expect an increasingly volatile and difficult environment for the companies involved and for their shareholders. |
Lutz's hiring signals the possibility of a renaissance at GM and heightens our sensitivity to the possibility of more constructive change, ... This is a major change in strategy for GM, which has historically relied heavily on inside promotions. |
Lutz's hiring signals the possibility of a renaissance at GM and heightens our sensitivity to the possibility of more constructive change. This is a major change in strategy for GM, which has historically relied heavily on inside promotions. |
My guess is most people view this as a tire issue than a Ford Explorer issue. But there are a lot of good competitors to Ford Explorer out there on the market. |
Several factors should prevent an outright decline, as spending per unit will likely remain strong. |
Substantial concessions are a long way off. |
The auto companies have closed this excess capacity, are now making better product and simply don't have a lot of extra cars they can offer at low prices to this distribution channel. People like Henry Silverman or Wayne Huizenga will make those businesses more rationally structured. |
The Japanese make the highest quality vehicles on the market and that gives them the highest residual value, and therefore allows them to offer the lowest monthly lease rates. |
The massive cuts reflect high inventory levels, falling new vehicle sales and a shift in automaker tactics from price cuts to production cuts, |
The North American operations are the driver of the results. Business is great this year, and the mix is very rich -- they're selling lots of trucks, |
The only bright spot left this year could be December, which is typically driven by year-end sales campaigns. |
The outlook for the fourth quarter is not so hot. It is very clear that results in North America will be compressed by all this price cutting. |
The plan was in-line with our expectations and is only the beginning of a long restructuring process. |
The pressure on GM management is greater than ever ... to adopt a more aggressive turnaround strategy. |
The ripple effect on GM supplies is profound. GM represents anywhere between 15 and 20 percent of the sales of most big supplies, so these are lost sales and lost profits. And you'll see it in their second quarter results. |