Dana is struggling to obtain secured bank financing and a bank deal may not materialize. We remain concerned that Dana will be unable to overcome weak demand outlooks.
More Quotes from Rod Lache:
When you can price much higher that means you can put a lot more content into the vehicles and can reinforce that brand equity by putting out exceptional products.Rod Lache
I think we might have a slight degree of difference in the degree of aggressiveness in certain government bodies such as EPA and NHTSA. But overall, even in a Bush administration, environmental regulations are going to become increasingly stringent.
Rod Lache
The full benefit of the 18 million vehicle sales pace a year ago was never really achieved because of severe negative pricing over last couple of years. What's going to happen as auto demand decline you're not going to see pricing go up, you'll see pricing go down more.
Rod Lache
It seems like perceptions in Detroit have changed quite a bit, and people are nervous about GMs future, ... This health care deal doesnt solve GMs problems, but its a very good step.
Rod Lache
They've eroded a lot of their credibility over the past couple of years. (Now) the bar that they set has been lowered again.
Rod Lache
Our key takeaway from Toyota and Nissan presentations is that there may be more risk to our GM and Ford market share assumptions than previously thought.
Rod Lache
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