Devine said the company saw fewer sales of higher-priced, more profitable sportutility vehicles and pickups, and more sales of small SUVs and cars, in the quarter. GM's sales mix has been relatively strong in recent years, ... And after reasonably stable (U.S. market) share the last four to five years, we're down this year, and it hurts.
More Quotes from John Devine:
GM has a high degree of confidence in the business despite the volatility in the marketplace and the intense competitive environment, ... GM's inventory levels came down significantly during the first half and are now at appropriate levels. This should allow us to maintain reasonably stable production rates for the balance of the year.John Devine
Robbie is a first class candidate and we are looking forward to him getting his sleeves rolled up and taking on the other candidates on the issues.
John Devine
very challenging, but we plan to get it done.
John Devine
This is our 11th quarter of year-to-year improvement in our earnings. For the auto business, that's a pretty good track record.
John Devine
That's been going up in particular in the last couple of years. It's put a real drain on profitability, cash and a big dent in our balance sheet as a result of that. We think there is a potential for that to continue with health-care inflation the way it is.
John Devine
It is just above breakeven, but we think it's an important signal inside the company and outside the company that we were able to maintain automotive profitability,
John Devine
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