We expect some slowdown in the mortgage business as the refinance boom fades,
More Quotes from John Devine:
It's a good quarter. Good progress. We're not at a level yet in the automotive business that we're pleased with, so we have a lot of work to do. But we had another record quarter in financial services and a record year.John Devine
Without the pension drag, we'd expect to make about 7.50 a share this year, ... We're not excusing the pension expense. But we'll be working through it, we'll get this behind us. Making the 10 (a share target) with the pension drag will be difficult but we're still committed to it.
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
This is Delphi's business and it's their call. We respect that. Delphi is very important to us. We obviously want to be as constructive as we can. That said, we're obviously going to do what's right for GM,
John Devine
As we stand today, we don't know what the outcome is for Delphi, that's their call,
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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