We believe that there is more to come. Ultimately, we believe that an active downsizing of the company to a defensible market share will be necessary.
More Quotes from John Murphy:
Murphy said he is particularly appalled by speeches made by attorneys in TV courtrooms. Sam Waterston (as Assistant District Attorney Jack McCoy on Law Order ... the witness sits mute, the judge stares and the defense attorney seems to be Crazy-Glued to his chair.John Murphy
Cost-cutting efforts, health care concessions and restructuring should help GM narrow North American losses in 2006, but they will remain substantial.
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GM's decision to sell its shares in Suzuki may have been accelerated by the arrival of Jerry York. Although York was not explicit about the Suzuki equity stake in his January 10th speech, his aim appears to build up a cash hoard necessary to restructure GM.
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Watch out for production cuts.
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The upscale customer is shopping our store. Are they interested in everything we have to offer No. This is a test store. Can we make that leap to where they are interested in other parts of the store
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Following the boom in January we don't expect another upside surprise from fleet in February. However, it is largely up to a company's discretion when to push the fleet channel, so it retail is particularly weak for the Big Three, another push is possible
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Based on Keywords: defensibleWhy are people unemployed? Because there is no work. Why is there no work? Because people are not buying products and services. Why are people not buying products and services? Because they have no money. Why do people have no money? Because they are unemployed.
Craig Bruce
The distinction between the past, present and future is only a stubbornly persistent illusion.
Albert Einstein
So long as we use a certain language, all questions that we can ask will have to be formulated in it and will thereby confirm the theory of the universe which is implied in the vocabulary and structure of the language.
Michael Polanyi