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.
More Quotes from 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
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
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
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
This result underscores our concern about GM's earnings concentration, which may be even more acute than we have estimated.
Rod Lache
Sales of 16 million now looks a lot less profitable than 16 million did a few years ago,
Rod Lache
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