There is still a lot of work to do beyond the Ford agreement. The scale of restructuring in the industry is just enormous. It is going to take time, take some aggressive actions, and it is going to be expensive.
More Quotes from Kevin Tynan:
Is this another blow to management I would say yes. But you can't say management was on very steady ground in the eyes of investors.Kevin Tynan
The numbers are much worse than I thought they would be, especially given how Ford beat the estimates earlier this week.
Kevin Tynan
Under the value pricing system, on average, the sticker prices are down a couple hundred bucks. To be effective, value pricing has to be four times that, and incentives required to sell vehicles must be removed.
Kevin Tynan
This is a company and an industry that has a lot of bigger issues to deal with.
Kevin Tynan
This is a crucial time for GM. They need to get everyone talking because they are the ones that really have the most to lose with a strike.
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What you're getting now with the stock where it is trading, there is a lot of news-event volatility, you get people betting on the next move... they're basically just trading on the momentum being generated by the news.
Kevin Tynan
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