Detroit will slap on big incentives, and we'll be back to normal.
More Quotes from David Healy:
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.David Healy
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.
David Healy
They have liquidity and borrowing power, ... I don't think it's necessary or even wise to solve their problems by going Chapter 11, and they don't have to.
David Healy
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.
David Healy
In the light of the fact that GM burned through 7bn in cash last year, it was clear additional urgent action was required.
David Healy
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.
David Healy
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