David Healy Quotes (103 Quotes)

Half of his pay is dependent on the performance of the company, so that looks pretty reasonable relative to the pay of other CEOs at big companies. It probably doesn't look reasonable to the guy who just got laid off.

Anybody who was surprised by GM cutting its dividend hasn't been on this planet.

I think Mark Fields will eventually be COO, but it's possible they might still bring in someone from outside the company.

They're starting to act like a company that burned through 7 billion in cash last year.

I hate to disappoint the people who want to panic, but this is strictly housekeeping. I would think with all these things cleared up, it may clear out some small hurdles that otherwise might have gotten in the way of a sale.

With GM, I think overall you'll be looking at a 9 percent increase in October this year versus October last year in GM's light truck sales, and I think that their SUV sales will show an increase at least that big year over year, ... That's the good news.

If it wasn't GM in crisis mode and the whole feeding frenzy going on in the media, a small restatement like this wouldn't get any attention.

The market has developed massively over the past five years this is where the action is and where the growth is coming from.

Ford is in the intolerable position of having too many plants and too many people, ... Cost cutting needs to come before the end of the year -- layoffs, plant closings, that sort of ugly stuff.

You buy these stocks when the world hates them.

It's more trouble for the suppliers. Partly, it's a reflection of the fact that Ford and GM are shrinking to reckon with lower market share. And so there's less business to go around for the suppliers.

I do not believe he Pittman had the mental capacity to tell right from wrong.

October was even better than I expected. Cars are cheaper, GM is back from the strike, and despite what's happening in the stock market, consumer confidence levels are high.

The bearishness is overdone. This is probably the part of the cycle where you'd do well owning auto stocks if you have some patience.

Barring something we don't see coming, like 2 gasoline or 10 percent interest rates, I don't see the slowdown coming anytime soon,

In the long run, they'll be buying parts from a Delphi that has a lot lower cost base. Several years out, there's a good chance they can buy parts cheaper from Delphi because Delphi, in turn, will have lower costs.

You have an earnings penalty and a cash benefit, neither of which is overwhelming.

They made history for themselves. We had strength in depth in the Eighties, top-flight players on the bench. Now, we only have four Premiership players in the squad, and two are goalkeepers.

Padilla is a very able (executive), but he is also the old guard. Padilla is out because Ford wants his own people. That's my view.

GM would be advised to give him that board seat before he makes more trouble and becomes more of a nuisance,

I think the losses at Ford and GM are at their maximum right now. If I'm right, and it becomes clear the losses are shrinking, the stocks may act a little better. But I'm not convinced enough right now to buy them myself.

If there is a long strike, they're both out of business. Delphi and GM, whether they like it or not, they're in bed together. They need each other to survive.

Hertz has become less and less important as an outlet for Ford cars as Ford has pared back sales to Hertz and other daily rental companies. It's really a non-core business right now.

You have to admire them. Even with 4,000 in incentives, they're still making money...You compare that with how GM and Ford are doing in North America, and you have to give them a medal.

We can wait to see what happens, but perhaps he's bitten off more than he can chew. They've used the value of Hughes effectively to benefit other shareholders. I don't think there's any consensus among analysts that GM is forgetting about shareholders and should be taken over by raiders.

It will be ugly. It will be expensive.

GM had an unusually weak November a year ago. It made a big push in December last year, a big push in the summer, and November was kind of a lull.

In an environment where nobody's earning raises, if they turn the company around, they get rewarded.

In the light of the fact that GM burned through 7bn in cash last year, it was clear additional urgent action was required.

My thought is that this will not be a major stock market or earnings event. As recalls go, it's a lot of vehicles, but companies always make a provision for this sort of thing.

I don't think there's any sector- or stock-specific news that is moving these stocks today. The gains you're seeing are a reaction to the steep drop these stocks have taken of late and the recovery the shares have seen for the last few sessions. It's pretty much a group recovery.

I think the effect has already been felt on Ford's earnings because Ford and the other automakers book themselves in profits when they produce and ship the cars to the dealers,

I don't think Wall Street had fully realized the dependence of GM's and Ford's North American earnings on a few light-truck models. That was the nasty surprise that drove their shares down.

Both Ford and G. M. are saddled with these legacy costs that they're negotiating with the union. Beyond that, there isn't much they can do but continue to attack their single largest cost purchased materials.

Detroit will slap on big incentives, and we'll be back to normal.

I think the companies are coming out of it with a contract they can live with, but not with any major reductions in their employment costs.

The 1982 team is legendary in Northern Ireland but this match against England is our chance to record a victory of that magnitude,

I don't think they could have been locked in a room 247 over the past week and come up with this retirement agreement without coming closer to an understanding on the Delphi wage situation.

If I wanted to sleep at night I'd own GM, but I think Ford has a higher percentage chance of bouncing back.

While the (health-care) deal is a positive, they have several other challenges. They are losing too much market share. They have too many plants, too many people and too many models.

The full cost savings won't be realized until 2008.

That increase to me suggests that the three-way negotiations among the auto workers union, Delphi and GM are progressing.

I suspect that Wagoner is under a lot of pressure from the board to turn things around. To me it seems the company is in crisis mode.

The question is, does it make sense to pour more money into a new Chevy Cavalier to reduce losses from 3,000 per vehicle to 1,000. It's probably a necessary competitive move.

These are small, insignificant adjustments relative to the size of the company.

isn't going to make or break the company.

Rockport has a tremendous fishery for reds and we are hoping to attract the most serious redfish anglers to show them off and put on a great event. Our immediate inclination tells us we are expecting a big angler turnout from the area and plenty of heavy limits at the weigh-in stage.

Sales were running down in the early part of the month. In the middle of the month, they launched heavy incentives, and had a very strong close.

We can take some confidence from the result against Azerbaijan.

My initial reaction was, 'What took them so long' ... They had too many brands, too many fiefdoms, and they had to simplify it. Even after they phase out Oldsmobile, they'll have too many, but I don't see them making another move for the foreseeable future.