After burning 400 million of cash in 2005, we expect the company to use another 150 million in 2006, and we have no reason to believe that 2007 performance will be much better.
After burning 400 million of cash in 2005, we expect the company to use another 150 million in 2006, and we have no reason to believe that 2007 performance will be much better.
Despite many unknowns about how a three-way deal between Delphi, GM and the UAW will be structured, we are increasingly confident that the Delphi restructuring will happen out of court.
GM was the toast of the domestic industry in 2001. Now it appears that it had at least some help from aggressive accounting.
Automakers' extremely generous incentives in recent weeks have simply drawn forward industry demand.
I have to assume that prior guidance did not assume any ground breaking concessions from labor.
© 2020 Inspirational Stories
© 2020 Inspirational Stories