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.
More Quotes from 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
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.
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
We believe liquidity pressures, combined with a weak fundamental outlook could compel Dana to pursue debtor in possession financing and a Chapter 11 reorganization. Given restrictions on secured borrowing and pressure from its suppliers, Dana may not be successful in obtaining sufficient out of bankruptcy secured bank financing.
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
I think it's a smart move because it's less deceptive. People who are going on the Internet can get the right news up front.
Rod Lache
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