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.
More Quotes from Rod Lache:It looks like cost savings are trending better than expected and Asia and Latin America are getting close to turning the corner. On the negative side, Europe is having some pretty disappointing profitability.
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.
Ford's North American operating business model continues to deteriorate,
I don't see this as resulting in anything dramatically negative. Over time, you'll see incentives rising everywhere. But it's not anything scary yet.
My feeling is that it (the Firestone brand) is irreparably damaged. I don't see how or why they would try to support the brand when they have a better brand (Bridgestone) that is unscathed by this news.
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