I think the effect has already been felt on Ford's earnings because Ford and the other automakers book themselves in profits when they produce and ship the cars to the dealers,
More Quotes from David Healy:
Imports and transplants are again the big winners in 2005, and will close out the year with about 40.5 percent of the market, up from 38.8 percent in 2004.David Healy
If I wanted to sleep at night I'd own GM, but I think Ford has a higher percentage chance of bouncing back.
David Healy
The question is, does it make sense to pour more money into a new Chevy Cavalier to reduce losses from 3,000 per vehicle to 1,000. It's probably a necessary competitive move.
David Healy
With their sharp decline in market share, they have frankly got too much capacity, too many plants, too many people to be profitable in North America.
David Healy
These are things they've got to do, but there's a lot more. They've got too many models, too many people and too many plants for the amount of business they're doing now.
David Healy
If there is a long strike, they're both out of business. Delphi and GM, whether they like it or not, they're in bed together. They need each other to survive.
David Healy
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