That could really short circuit the cost benefits GM expects in the second half of the year. |
That's scary -- the fact that they are saying there is no reason to even negotiate now. If you were to take their statement at face value, that increases the likelihood of a strike considerably. |
The consensus number in this case is very hard to use as a barometer. The estimates were all over the place. |
The deal is a move in the right direction, but no one thinks this is the end to their problems. The laundry list of the things that GM needs to do to fix itself is about a dozen items long, and this deal was a small item on that list. |
The last couple of days illustrate that there is a lot of work to do at this company and it's debatable whether it's actually doable outside bankruptcy court, ... I don't think it is. |
The last couple of days illustrate that there is a lot of work to do at this company and it's debatable whether it's actually doable outside bankruptcy court. I don't think it is. |
The move to value pricing offered (price) declines that just weren't great enough to attract buyers, |
The numbers are much worse than I thought they would be, especially given how Ford beat the estimates earlier this week. |
The quarter as a snapshot is certainly a move in the right direction. But that being said, it didn't convince me of anything. |
The sequential decline in GMAC's income reflects the increase in their borrowing costs following the credit downgrades. |
The supply chain is so weak right now that it can't go on this way. That relationship needs to change, but it might be too late. |
There is still a lot of work to do beyond the Ford agreement. The scale of restructuring in the industry is just enormous. It is going to take time, take some aggressive actions, and it is going to be expensive. |
There's a lot of manufacturing capacity in other parts of the globe, and it's significantly less expensive than it is here. The [auto makers'] message is we're OK everywhere else, but we need to restructure our North American operations. |
This is a company and an industry that has a lot of bigger issues to deal with. |
This is a crucial time for GM. They need to get everyone talking because they are the ones that really have the most to lose with a strike. |