The cost reductions we've looked at are very tough to achieve. We're not doing it by cutting and slashing the business. We're growing it, doing the right things strategically and we're still getting the cost out.
More Quotes from 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
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
We expect some slowdown in the mortgage business as the refinance boom fades,
John Devine
We have product and distribution plans to fit each of those brands, ... I know there's a lot of speculation about what we're doing and that's fine. But I want to be clear we do not have plans to drop any brands.
John Devine
The private entrepreneur who is the heart of our system today will continue in the future. I don't think that's going to change. But there is obviously going to be a major change in a number of the parts of distribution.
John Devine
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Man Ray
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Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.
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