They'll have realistic views of a difficult restructuring process. I don't think they'll go crazy and close three or five plants. They're not going to make too much noise. You don't want to get the union too uptight 21 months before you have to talk with them.
More Quotes from Ronald Tadross:
It is cost prohibitive for GM to fix its 3,500 margin disadvantage versus Toyota and other Japan-based manufacturers. Meanwhile, hidden liabilities continue to exceed hidden assets.Ronald Tadross
I think they're going to be struggling. Even with 15.9 (million vehicle sales) GM can only make a little money. Ford can't make that and Chrysler probably can't.
Ronald Tadross
The bottom line here is that GM and Ford have no margin today and we still see their products overpriced by 1,500 per unit.
Ronald Tadross
There were several challenges for Delphi stock. Labor was one. The need to diversify their customer base away from GM is the big one now.
Ronald Tadross
Based on a UAW summary of the recent healthcare agreement, we think the eventual savings from the deal will only be in the seven billion dollar range.
Ronald Tadross
Readers Who Like This Quotation Also Like:
To educate a man in mind and not in morals is to educate a menace to society.Theodore Roosevelt
Our lives are not determined by what happens to us but how we react to what happens, not by what life brings us but the attitude we bring to life.
Wade Boggs
No one will stop to help you when you are in need, but everyone forces opinions upon you that you do not require.
Franz Grillparzer