The Firestone name is horribly damaged and it's definitely not clear they can survive the damage.
More Quotes from Rod Lache:
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.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
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.
Rod Lache
The primary reason for our change of thinking is that there may be a legitimate argument that GM and the UAW would be better off if Delphi files,
Rod Lache
Achieving significant cost reduction will be difficult, as we believe that GM's relationship with UAW leaders could become increasingly contentious as GM's North American business experiences further deterioration.
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
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