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.
More Quotes from David Healy:
I think the companies are coming out of it with a contract they can live with, but not with any major reductions in their employment costs.David Healy
It might be a slight negative to the auto business if it distracts them from their plans. He's trying to stir up the pot to make more money for Kerkorian.
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
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
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,
David Healy
Detroit will slap on big incentives, and we'll be back to normal.
David Healy
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