Detroit was an island surrounded by prosperity this year. The big SUV sales collapsed and did a number on their profitability. Both GM and Ford will lose a little market share in 2006, but not at the rate of 2005.
More Quotes from David Healy:
Anyone who was surprised by Toyota's forecast has been living on another planet.David Healy
The market has developed massively over the past five years this is where the action is and where the growth is coming from.
David Healy
They must have recognized the difficulty of growing internationally without a partner, and that having an international presence outside of North America was a lot more than they had acknowledged
David Healy
I don't think there's any sector- or stock-specific news that is moving these stocks today. The gains you're seeing are a reaction to the steep drop these stocks have taken of late and the recovery the shares have seen for the last few sessions. It's pretty much a group recovery.
David Healy
They were pretty much as expected in North America. Where they made gains was in better operating margins in Europe. Given that the market-share numbers in Europe are available and pretty unimpressive, it must be on the cost side.
David Healy
It's strange. I don't even know about friends, what they think about me, ... You don't really know who you can trust.
David Healy
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