Achieving significant cost reduction will be difficult, as we believe that GM's relationship with UAW leaders could become increasingly contentious as GM's North American business experiences further deterioration.
More Quotes from Rod Lache:
This result underscores our concern about GM's earnings concentration, which may be even more acute than we have estimated.Rod Lache
Generally the product is a low volume product, very engineering intensive, so it's expensive to make. GM has too much car capacity and not enough truck capacity. Car plants are operating close to 70 percent capacity, while truck plants are close to 100 percent. You can use that manufacturing plant, maybe for a hybrid sports utility vehiclecar.
Rod Lache
Language in the filing seems to suggest that a deal is not imminent and may not happen at all. Since the company appears to have suggested to the rating agencies that it expects resolution by the end of first quarter, we perceive elevated risk surrounding the sale.
Rod Lache
The Firestone name is horribly damaged and it's definitely not clear they can survive the damage.
Rod Lache
I think that (labor peace at GM) is largely the news here. They've lost a lot of momentum last year and previous years due to strikes.
Rod Lache
Korea is the sixth largest car market in the world, and companies need the distribution network that Daewoo has. It also is a good platform with its low cost small car to move into China. It might not be the hottest one at the dance, but it's the only single one.
Rod Lache
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If I look at my old lyrics, they seem to be full of rage, but empty. There was an emptiness in my life.
Billie Joe Armstrong
My father taught me to read music and play the piano-but not well, even though people have said that I'm a natural musician.
Ethel Merman
Excuse me if I'm clinging on to life, but my parents wove me from tight thread.
Jeanne Calment