We are very pleased with the market's reaction to our launch products. In the first three months of the year, our new products accounted for about 30 per cent of our total sales ? more than double where we were a couple of years ago. |
We are viewing the U.S. economic and auto market environment with considerable caution, ... That, combined with our poor business results in the first three quarters this year, really highlight that we are at a critical juncture in our company's history. And so we are accelerating the pace and scope of our turnaround actions. |
We believe by being sensitive to the balancing act these women face each day, we're increasing their commitment to General Motors. It's not only the right thing to do, it's also good business for GM and helps us retain the brightest, most capable workers. |
We believe in fair exchange rates and Japan doesn't practice that, ... They have massive U.S. dollar reserves, and they use them to intervene regularly. |
We disagree with Delphi?s approach, but we anticipated that this step might be taken. GM expects Delphi to honor its public commitments to avoid any disruption to GM operations. |
We don't always agree on stuff, but when it's time to blow the whistle and start the game, we're not still debating. |
We expect to see improved results in 2006 and further progress in 2007. |
We had a good hand and I think we overplayed it, ... We're not alone in that, by the way, and others are still playing that hand as they surpass us now in incentive programs. |
We have decided to substantially alter the pension benefits for current U.S. salaried employees so that we can provide a competitive and fair benefit but also reduce the financial risks to GM. |
We have to offer products people want to buy, not have to buy, |
We haven't asked for a bailout but we have asked for a lot of things and the reaction in Washington has been very slow. |
We haven't dropped the goal, ... It's obviously tougher right now as we have pension and health-care costs right now, for example. |
We hope it eases up, but I can't obviously tell you've we've seen a lot of evidence of that, |
We know a lot about Daewoo. We think we understand what the value of Daewoo is to us. Our view on that will not be changed by or influenced by other people being interested in it. If somebody else comes and pays a whopper amount for it, more power to them. |
We no longer take it for granted that we can't be the most productive manufacturer. That's the way it used to be in the 1950s and l960s. We need to get back to that, as one element of a strong position in this excess capacity world that we're going to be in. |