[Some analysts said that knowing earnings were dismal, GM had to take some sort of action.] Things like today are great — it's better than not being able to announce anything, ... But I certainly don't think it's anywhere near the scope or the magnitude of what this company needs. |
All of a sudden we are paying $3 at the pump and SUVs are falling out of fashion. Delphi feels that pinch just as much as General Motors. |
At this point I still feel they'll get something done that avoids a strike. But that said, it's still a long way to go. |
But despite the pressure, I can't think of anyone who would be better than him to do this job. The issues facing the company are so long in the making. They are just rising on his watch, but they weren't created by him. |
China is a growing market, an important market for them. But growth there is not enough to make up for the large losses in North America. |
Even though it is not completely Wagoner's fault, you just have to shake things up. |
Everybody has pretty much priced in the reality of a rate increase. [Activity] now is based on fundamentals of the companies and sectors, as opposed to the prospect of the Fed stepping in to raise rates. |
GM needs much larger concessions than this to have a material impact. The kind of cuts that GM needs are cuts that the union would simply not agree to. And GM needs to face that at some point, just like Delphi is facing it now. |
GM today is in worse shape than Nissan was when Carlos took over. It's just a much bigger company with a much bigger problem in a much worse situation. |
GM's new products are just not getting the job done and the company is losing market share, ... It's really a combination of three things going on. There's lower sales mixed with falling prices and higher input costs. |
GM's new products are just not getting the job done and the company is losing market share. It's really a combination of three things going on. There's lower sales mixed with falling prices and higher input costs. |
His motivation was to unlock that equity in GMAC. Rumor has it that it's not going well. |
I think it's more of a one-month blip than an indication that the truck trend is starting to reverse. |
I think they kind of hit it at the right time with that sedan. |
I would have to believe at this point that bidders who are serious players, to the extent they've already done their due diligence, this is not a surprise. What it could do is tip the balance more to the buyer, give them a little more leverage on the price. |