I think it's almost impossible for Ford to distance themselves from the problem, but I think they've done a very good job conveying responsiveness to the U.S. consumer, obviously being more responsive than Firestone has.
More Quotes from Rod Lache:
We believe that Dana is struggling to obtain secured bank financing and a bank deal may not materialize, or if it does, it may be too small to allow Dana to weather company specific and industry head winds.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
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.
Rod Lache
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.
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
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
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