In a down economy, our survey has found executives always pushing profitability a few years out, and this year is no different. But what the executives are telling us this year is that they have seen the worst and that the industry is poised for a rebound.
More Quotes from Brian Ambrose:
North American manufacturers have really focused on product, launching a wide variety of new and exciting model offerings, ... In the end the consumer wins, in terms of choice, product quality and affordability.Brian Ambrose
In prior years, saddled with heavy incentives and a sagging economy, industry executives pushed profitability out as far as they could. Our survey this year has definitely found improved profit levels emerging sooner rather than later, and this is very encouraging.
Brian Ambrose
We are seeing the convergence of improved economic conditions, the leveling off of sales incentives and the huge amount of new vehicle launches scheduled over the next few years all playing a factor.
Brian Ambrose
I think they have some very difficult challenges over the next three years. The silver lining is if they continue to reduce costs and strive for flexible manufacturing, they can see a return to profits even without the sales levels of 2000. But the Asian brands and European brands aren't sitting still either.
Brian Ambrose
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Based on Topics: Business & Commerce QuotesDuring a political campaign everyone is concerned with what a candidate will do on this or that question if he is elected except the candidate; he's too busy wondering what he'll do if he isn't elected.
Everett Dirksen
Chance is a word void of sense; nothing can exist without a cause.
Voltaire
In art, all who have done something other than their predecessors have merited the epithet of revolutionary; and it is they alone who are masters.
Paul Gauguin