There is just considerable and growing uncertainty surrounding GM and Ford Motor Co. (F.N Quote , Profile , Research ), and that ripples through the industry.
More Quotes from John Novak:
It will send a message to the UAW that shareholders are also sharing in the pain, and the union members are not the only ones being asked to make concessions.John Novak
The steps they are talking about seem to make sense, given the state of the supplier industry and their customers. Plant closures and headcount reductions are something they have to do if they are going to reorganize.
John Novak
Everyone involved here is going to need to make some sort of sacrifice, but a strike is in no ones interest.
John Novak
On first glance, they looked fairly positive especially given the tough industry conditions. Building controls continues to do well and autos faces considerable challenges but managed to hold up its end.
John Novak
It's an area that could support a corporate headquarters of that size. You're talking about a business that gets considerable support from its global operations. I think Nashville is large enough where you could attract the talent.
John Novak
If, indeed, Wachovia did pull out, that would certainly cause some people concern. It reduces the number of potential bidders and people assume that reduces the likelihood of a deal.
John Novak
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