They're not turning out nearly as much new product this year as the competition is. They already have the oldest cars and trucks in showrooms of any of the top six manufacturers.
More Quotes from Walter McManus:
Frankly, the portfolios they have were designed for 1.50 a gallon gasoline. So they're going to have trouble. The longer prices stay high, the harder it will be to sell S.U.V.'s.Walter McManus
It's tough to tell, but it sounds like they're getting what they needed on health care. The question is what is GM giving back to the union to get this. We may not know that for a while.
Walter McManus
Ford actually is a little better than 10 years ago (in selling to those under 30), ... But they have more to be concerned about than Honda.
Walter McManus
People have burned SUVs, ... Nobody's done that to a hybrid - yet. But if they keep giving special privileges to one type of vehicle, there could be a backlash.
Walter McManus
People still have to go to work and go to school, ... And if it's a short-term reaction, you can adjust your discretionary driving, as in whether you go to a movie or watch HBO.
Walter McManus
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