We continue to believe that a bankruptcy filing is a low probability outcome and that the company will successfully negotiate a new bank agreement.
More Quotes from Brett Hoselton:
They have become a one-trick pony with the commercial vehicle sales. The problem is, that pony is going on a hiatus next year.Brett Hoselton
The (United Auto Workers) suggests that everyone needs to share the pain, including shareholders.
Brett Hoselton
We just don't see them having the ability to turn things around.
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
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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