The job cuts will ultimately generate considerable cost savings if GM is smart enough to fire the right people and keep the right ones.
More Quotes from David Healy:
To me it was a foregone conclusion because the union and the company had already agreed to it.David Healy
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.
David Healy
They've got to do some of the same things in North America they've been doing in Europe cutting the hell out of capacity and bringing in some hot new models. That's easier said than done. Things will get worse there before they get better.
David Healy
I think it's reasonable to give the new management time to look over the details, though I don't know how Ford's plans are going to change.
David Healy
It will be ugly. It will be expensive.
David Healy
Hertz is no longer an outlet for the tens of thousands of Ford vehicles that it used to be, and it doesn't relate to Ford's core business. I don't think the absence of Hertz will hurt Ford overall.
David Healy
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