I don't think Wall Street had fully realized the dependence of GM's and Ford's North American earnings on a few light-truck models. That was the nasty surprise that drove their shares down.
More Quotes from David Healy:
It's not bet-the-company, but it's pretty darn important. Well, maybe it is bet-the-company.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
My initial reaction was, 'What took them so long' ... They had too many brands, too many fiefdoms, and they had to simplify it. Even after they phase out Oldsmobile, they'll have too many, but I don't see them making another move for the foreseeable future.
David Healy
Hertz is no longer an outlet for the tens of thousands of Ford vehicles that it used to be, and it doesn't relate to Ford's core business. I don't think the absence of Hertz will hurt Ford overall.
David Healy
That increase to me suggests that the three-way negotiations among the auto workers union, Delphi and GM are progressing.
David Healy
It's a footnote, ... I think it's a minor help to Ford's cash position. I suppose anytime you get about a quarter of a billion dollars it's welcome, but it doesn't change the big picture.
David Healy
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Based on Topics: Dependence QuotesBased on Keywords: light-truck
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The world's problem is not too many people, but lack of political and economic freedom.
Julian Lincoln Simon
Appearances are a glimpse of the unseen.
Anaxagoras