GM is quickly and carefully reassessing its assets and acting on what to sell and what to keep. It's essential for GM to raise cash to prevent its debt rating from dropping further.
More Quotes from Yasuhiro Matsumoto:
Domestic sales of nuclear power plants have been shrinking in Japan as utility companies cut back on investments, pushing equipment manufacturers to expand overseas.Yasuhiro Matsumoto
Pretty much the only variable factors I can see in the midterm plan are fuel costs. For JAL to turn a profit, some tough cost management is necessary--and it will be impossible to accomplish if another such event were to happen.
Yasuhiro Matsumoto
Toyota always uses conservative figures so it can make sure it achieves the goals it sets. Toyota will soon catch up with GM next year just by growing at its current pace.
Yasuhiro Matsumoto
Japan's power-generation equipment business, including nuclear power plants, has been shrinking as power utilities cut back on investments. Japanese manufacturers are seeing the need to expand overseas.
Yasuhiro Matsumoto
I don't think Honda's solar-panel business will ever make economic sense, or be a large money loser either.
Yasuhiro Matsumoto
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