As we sit here today, it's our best guess and well thought out analysis, ... If we've learned anything in the last five years, it's that there's no guarantees in this business or any other business.
More Quotes from Rick Wagoner:
DETROIT - General Motors Corp. chairman and CEO Rick Wagoner said Tuesday that the automaker's turnaround plan for its North American division is on track, but he wouldn't update the company's earnings forecast. GM withdrew its earnings guidance in April after it lost 1.1 billion in the first quarter. Wagoner noted that the company had previously estimated earnings of 4 to 5 a share for the year. We will not meet that, ... North America is missing, and missing badly.Rick Wagoner
Ford, as I understand it, had done away with the concept of regional management, and now they've re-introduced that in Europe, so it's kind of a two-way street.
Rick Wagoner
I remember very clearly at the first budget review having a pretty direct conversation with the head of manufacturing... We began to get huge improvements in productivity and responsiveness. I got a chance to see that firsthand.
Rick Wagoner
It's one factor that's important in our overall cost competitiveness. I can't tell you it's the only or the primary thing for us,
Rick Wagoner
The industry sales mix is shifting away from the larger, higher-profit vehicles, even pickups, ... reflects too much reliance on those products for profitability.
Rick Wagoner
We believe in fair exchange rates and Japan doesn't practice that. They have massive U.S. dollar reserves, and they use them to intervene regularly.
Rick Wagoner
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