Capitalizing on growth in Asia through Daewoo is essential if GM is to achieve a profitable mix of businesses. They can't do it by just cutting costs in North America.
More Quotes from John Casesa:
Today's reaction simply reflects the hope there's not going to be a strike that shuts down the industry.John Casesa
The outlook for the fourth quarter is not so hot. It is very clear that results in North America will be compressed by all this price cutting.
John Casesa
The Japanese make the highest quality vehicles on the market and that gives them the highest residual value, and therefore allows them to offer the lowest monthly lease rates.
John Casesa
These results are reminiscent of Ford's late 1990's performance -- driving earnings improvement with a richer truck mix, ... GM remains market-share driven and its North American pricing fell 1.0 percent. Fortunately, it was able to increase its mix of light trucks and decrease its fleet sales, offsetting partially the negative impact of lower prices.
John Casesa
GM historically has derived almost a third of its earnings from the European business. It didn't do that in this quarter.
John Casesa
which is a tough number to justify without tangible results.
John Casesa
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