Our relationship is strong, and we look forward to our continued partnership. This transaction will allow us to preserve our business relationship, while further building up GM's already significant liquidity position during this critical phase of our turnaround. |
Over the last nine months we have been aggressively implementing our North American turnaround plan. |
Overall economic growth in Europe hasn't been robust and the car market hasn't been robust, |
Really, a lot of our share loss this year is a strategy to -- and I think it's the right thing to do -- lessen the daily rental fleet, |
Stan O'Neal has been a great asset on the GM Board and to General Motors management over his 5 years of service as a director. We are grateful for his many positive contributions to General Motors and wish him the best. |
That's about what it was in 2004. We're not exactly sure about 2005, but we don't think it will be any different than last year, or what it has been in 2002, 2003 and 2004, |
That's an important trend. Now we have to get our whole machine _ from us down to retail _ operating in the most efficient way under that mode, and it's moving, but it's going to take a while, |
That's because a couple products represent a larger percentage of the total at Chrysler than at GM. That can be an advantage and a curse, in terms of sales going up or down based on the results of a couple cars. |
That's silly. Fritz took the CFO job because I asked him to, and the board approved. It was a logical progression in his career and I hope Fritz continues to develop and grow. One of my most important jobs as chairman of GM is to identify and grow talent. |
The automotive market in North America remains very competitive, and our results reflect that, ... Improving market share and profitability remain an important priority. |
The big and the fast beat the small and the fast. If you check out the NBA today, they're big and fast. |
The decisions we are announcing today were very difficult to reach because of their impact on our employees and the communities where we live and work. But these actions are necessary for G.M. to get its costs in line with our major global competitors. |
The fact is that errors were made, and we can't change that. What we have done is disclose our mistakes and work as diligently as we can to fix them. |
The first quarter represented an important milestone in GM and GM North America's turnaround. |
The good news is, we know what we need to do to be successful in the business. What we need to do is get products that people are excited about and price them the right way, supported by the right kind of cost structure, and I think in that sense it's moving pretty good. |