In any event, we continue to believe that a voluntary near-term bankruptcy for GMGMAC is of very low probability. We continue to believe that the biggest risk arguably would be a UAW strike at Delphi. ... Our sense currently is that a significant labor disruption at Delphi remains a remote likelihood.
More Quotes from Peter Nesvold:
While fleet sales have been cushioning the blow of weak retail sales, particularly for Ford and Chrysler in February, the Big Three have been promising to de-emphasize this side of the business and headline numbers could suffer as a result.Peter Nesvold
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