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.
More Quotes from David Healy:
It's not bet-the-company, but it's pretty darn important. Well, maybe it is bet-the-company.David Healy
On paper, it could make GM more efficient, but what may work in terms of an engine may not work in terms of styling,
David Healy
I think Mark Fields will eventually be COO, but it's possible they might still bring in someone from outside the company.
David Healy
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.
David Healy
Fundamentally speaking, GM has enough capacity to service one-third of the American vehicle business, but they only have about a quarter of it right now.
David Healy
It's a list of housekeeping items. I hate to disappoint the people who want to panic over all this.
David Healy
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