The auto companies have closed this excess capacity, are now making better product and simply don't have a lot of extra cars they can offer at low prices to this distribution channel. People like Henry Silverman or Wayne Huizenga will make those businesses more rationally structured.
More Quotes from John Casesa:
GM's competitiveness is not only dependent upon labor costs, but also on the speed of its decision-making, its success in responding to the market appropriately and its ability to identify the growth segments in the market,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
While price-cutting has sustained the sales rate at the expense of margins, eventually either the automakers' capacity to support the market will diminish, andor consumer demand will contract on its own as it has in other cycles,
John Casesa
Its easier for outsiders to be hard-nosed with the former parents of these companies. They're simply less bound by the fairly long, shared history.
John Casesa
GM has many calls on its cash, including pensions, retiree health care and Fiat's put option,
John Casesa
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Based on Topics: People QuotesBased on Keywords: huizenga, silverman
It has always been a great wrong that these men and their families should be held in bondage. We of the North have hitherto acquiesced in it, lest, in the endeavor to redress it in violation of the Constitution, greater evils might ensue.
Jay Alan Sekulow
And I know I'm paranoid and neurotic, I've made a career out of it.
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The patriot blood of my father was warm in my veins.
Clara Barton