GM has many calls on its cash, including pensions, retiree health care and Fiat's put option,
More Quotes from John Casesa:
GM used to be one step ahead of the pack, ... Now, it looks like it's in with the pack in Europe.John Casesa
GM is going in the right direction, but it is not getting better as fast as the competition is getting better.
John Casesa
It looks increasingly likely to us that GM will effect some kind of a transaction that will separate these two businesses. These two companies will be worth more apart than they are together.
John Casesa
which is a tough number to justify without tangible results.
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
Car buying is influenced by consumer confidence. And confidence varies month to month but on a trend basis, it is down a lot in the last year, year-and-a-half. And my own view, unless it bounces back and unless history is wrong, we're going to really struggle to get these buyers in next year because they're just not as confident about the future to make a big ticket purchase as they were six months or a year ago.
John Casesa
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