No matter what it looks like, reaching a deal will involve some cost to GM, ... But on the positive side, we believe that GM will likely avoid a potentially devastating shutdown of its North American operations.
More Quotes from Rod Lache:
Customers are unsure of what supplier pricing is, but they are assuming correctly that it is not as good as employee pricing.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
Sales of 16 million now looks a lot less profitable than 16 million did a few years ago,
Rod Lache
The Firestone name is horribly damaged and it's definitely not clear they can survive the damage.
Rod Lache
This is no big surprise. It's been rumored for some time. As far as share price, I think it depends on who they put in there. Right now there's a vacuum. If they put someone in who is shareholder-oriented, it should help.
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
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