I wouldn't read too much into one month of data for any automaker. What I'm looking for more is the trend. And Toyota shows the continuation of a positive trend, albeit at a slower pace. |
If GM does file for a bankruptcy, he would be the one to take them into the Chapter 11 filing, |
If there is a continued dip in US market share, board members will have to say enough is enough, |
If you look at the total compensation package, it's close to $125,000 to $130,000 per year. If you have UAW workers making $130,000 to assemble oil filters, it's very difficult to turn a profit. |
If you look at the trailing four quarters, as bad as those numbers were, they were unsustainable. Unless the company was sitting on its hands and did nothing, they couldn't remain that negative for very long. |
In a nutshell: No, I don't think it's enough. |
Investors are reacting to the Toyota figures. Although it shouldn't be any great surprise. ... We've been saying for a while that at the current pace, Toyota will surpass GM next year. |
Is this another blow to management? I would say yes. But you can't say management was on very steady ground in the eyes of investors. |
It kind of makes you wonder. That's his gig. That's where he came from. You have a hard time believing he's unaware of things like this, or didn't know what was going on. It's certainly disconcerting, at best. |
It's a scary time. I sort of cringe when I see that 10%-move-in-a-day reaction, especially from the upside. I think this industry, from top to bottom, is in trouble. With the Big Three manufacturers in the state they're in, it certainly bleeds down to [suppliers]. The entire foundation is so weak now. |
It's like the GM and Ford locomotive has stopped, but all the cars behind it, all the way back to the caboose, are still moving, and it's piling up like an accordion. |
It's not saying much, because of how bad the first quarter was, but it's a step in the right direction. |
It's really not a zero-sum game where one wins and one loses. It's really everybody or nobody. |
It's too soon to say that (GM turned the corner). There are certainly potholes still out there to negotiate. |
Obviously, that doesn't endear Delphi to the union. |