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.
More Quotes from David Healy:
It must have been a really strong close to the month. December wasn't a big blowout for incentives, so there wasn't a lot of payback in January and consumer confidence really took a jump.David Healy
My initial reaction was, 'What took them so long' ... They had too many brands, too many fiefdoms, and they had to simplify it. Even after they phase out Oldsmobile, they'll have too many, but I don't see them making another move for the foreseeable future.
David Healy
It's a footnote, ... I think it's a minor help to Ford's cash position. I suppose anytime you get about a quarter of a billion dollars it's welcome, but it doesn't change the big picture.
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
Maybe some of their money managers think, like I do, that the stock is cheap because they aren't going bankrupt. Morgan Stanley has a huge asset-management business, so it's not like they're betting the ranch on GM.
David Healy
I don't buy the bankruptcy talk. I think they have the resources to get through this. The stock has gotten so banged up, it could be an interesting speculation play. But I'm not going to try it myself.
David Healy
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