The whole industry is very fragmented. We'll see this market consolidate.
More Quotes from Stephen Pope:
This is certainly a source of irritation for Toyota. But they are coming out and identifying the problem and getting it fixed. This is a small blip in Toyota's slow but steady march to be global number one.Stephen Pope
Volkswagen has been playing hardball in recent months. This is good news, as Europe needs a buoyant Germany, which in turns needs a buoyant Volkswagen.
Stephen Pope
MA certainly is a key driver (for European markets) because you've got balance sheets that are in a very healthy condition, (and) cash on the books.
Stephen Pope
From a strategic point of view, this sale allows them to narrow the spotlight on being a maker of premium cars. There was some haste to get this done and had they had more time and a relaxed schedule to get this done, they might have been able to get more for the business.
Stephen Pope
The pharmaceuticals sector has been a bit of a disappointment so far this year, so it's encouraging to see good first-quarter numbers coming through. The money companies have poured into research and development is starting to show.
Stephen Pope
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I had that flying wheel tattooed on my forehead and on my butt.
Ted Lindsay