Asian makers particularly are exploiting Detroit's 2,000 dollar per-vehicle cost-of-production disadvantage (which largely stems from the US manufacturers' enormous legacy costs) to offer stylistically and technologically more advanced vehicles.
More Quotes from David Healy:
These are small, insignificant adjustments relative to the size of the company.David Healy
It might be a slight negative to the auto business if it distracts them from their plans. He's trying to stir up the pot to make more money for Kerkorian.
David Healy
It will be ugly. It will be expensive.
David Healy
Probably half the job is cost-cutting. The new model lineup is the other part of it.
David Healy
They must have recognized the difficulty of growing internationally without a partner, and that having an international presence outside of North America was a lot more than they had acknowledged
David Healy
They were pretty much as expected in North America. Where they made gains was in better operating margins in Europe. Given that the market-share numbers in Europe are available and pretty unimpressive, it must be on the cost side.
David Healy
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