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.
More Quotes from David Healy:
You have to admire them. Even with 4,000 in incentives, they're still making money...You compare that with how GM and Ford are doing in North America, and you have to give them a medal.David Healy
It's not necessary for a wave of consolidation in the worldwide auto industry,
David Healy
These are small, insignificant adjustments relative to the size of the company.
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
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.
David Healy
These are things they've got to do, but there's a lot more. They've got too many models, too many people and too many plants for the amount of business they're doing now.
David Healy
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