In an environment where operating volumes are down and regulatory compliance is becoming more strict, it doesn't make sense for two companies to pool resources.
More Quotes from David Garrity:
We believe that Ford's recall of over 46,000 Explorer SUVs overseas since August 1999 undermines Ford's efforts to place responsibility on BridgestoneFirestone in connection with the U.S. tire recall. As a result, Ford's credibility with U.S. consumers, legislators and regulators may suffer. We are thereby threatening the January 2001 launch of the new model.David Garrity
These companies have been squeezing suppliers on prices for years.
David Garrity
There are all sorts of questions - (from) what they're spending their money on, to what they're doing to reaccelerate sales growth, to what they're doing to try to optimize their capital investment. There's little visibility at the present time as to when these levels of spending are going to generate higher levels of return on investment.
David Garrity
Shares of companies like Apple and Motorola may have gotten ahead of themselves. But companies further down the supply chain are reasonably priced.
David Garrity
They are certainly demonstrating a hyper-sensitivity to what information they do disclose.
David Garrity
Historically, Ford and Navistar have been the No. 1 and No. 2 players in the medium-duty truck business. This is just a consolidation of the industry.
David Garrity
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