They start with a young, healthy work force so they have low health-care liabilities. Because the work force is young, there are no pension payments, and there won't be for many years. And, third and most important, they started with a clean sheet in terms of labor relations.
More Quotes from John Casesa:
They just want to make sure that people don't rule GM out. But the probability of finding exactly what they want is probably pretty slim.John Casesa
It's a very deep concern in the near term because there's no question it will be a deterrent to U.S. investors. He was highly respected by institutional investors in the United States.
John Casesa
We were surprised that GM said that it does not plan to reduce permanently assembly capacity in North America to reflect the Olds phase-out, ... GM's restructuring, especially its discontinuance of the Olds brand, is undeniably a step in the right direction. However, the costs of these actions are much more visible than their ongoing benefits right now. We anxiously await follow-up actions.
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
Last year was a terrifically strong month, so it was a difficult comparison. Secondly, a lot of the pent up demand, created by the recession, has been satisfied at this point in the economy's expansion.
John Casesa
If the strike continues through the end of October, the company will lose units of production that it can't replace in this quarter, and that will reduce the earnings outlook. The likelihood is that this strike will be settled soon, in the next three to four days, maybe in week.
John Casesa
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