Have they made significant improvements The results suggest that we're not seeing any sort of a dramatic turnaround in the organization.
More Quotes from Brett Hoselton:
The primary question is, are you going to be able to produce cars and trucks that are compelling enough to sustain or even gain market share. Health care and pension costs are important issues but the primary issue is always what does your top line look like.Brett Hoselton
The concern I would have is that General Motors may have given away their bargaining chip without necessarily getting the concessions (from the UAW) they need at this point.
Brett Hoselton
We continue to believe that a significant internal or external change could be a positive catalyst, including an acquisition or divestiture or a management change. We are maintaining our Buy (2) rating and 10 price target, and would caution investors that this is a speculative call.
Brett Hoselton
We just don't see them having the ability to turn things around.
Brett Hoselton
What you're finding in the automotive business is the products you design today affect your profitability three to four years down the road. What we are seeing today is some pretty good changes at General Motors, but nothing like that at Ford, and I think Ford is really going to be in dire straits in five to 10 years from now.
Brett Hoselton
I think they are being more straightforward with the costs since, given the current situation, the number can be biased a little more to the negative.
Brett Hoselton
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