The road ahead for GM does not look much better -- we expect continued market share declines in a modestly lower U. S. vehicle sales environment.
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The plan is essentially as expected, meaning not terribly aggressive.
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At this point, the excitement surrounding what now look to be relatively small health-care concessions is but a distant memory.
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Media reports and industry contacts continue to signal that the Delphi situation is likely to be resolved peacefully, with GM footing the bill for early retirements and wage subsidies.
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The cash infusion stemming from a potential GMAC sale would give GM additional financial flexibility, though clearly at the expense of earnings power.
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Give me six lines written by the most honorable of men, and I will find an excuse in them to hang him.
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God is the universal substance in existing things. He comprises all things. He is the fountain of all being. In Him exists everything that is.
Lucius Annaeus Seneca