They've got to do some of the same things in North America they've been doing in Europe cutting the hell out of capacity and bringing in some hot new models. That's easier said than done. Things will get worse there before they get better.
More Quotes from David Healy:
It's not bet-the-company, but it's pretty darn important. Well, maybe it is bet-the-company.David Healy
They say they are not increasing their incentive spending, but I have a hard time believing that, especially with the zero-percent financing. Chrysler probably has a lot of problems with inventories, and it's trying to solve them by price-cutting.
David Healy
GM has to solve its problems (in the United States) before it can be profitable again. China is not going to bail out the company.
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
The combination of these two companies doesn't change the European landscape, ... It doesn't make much difference in the U.S.
David Healy
I hate to disappoint the people who want to panic, but this is strictly housekeeping. I would think with all these things cleared up, it may clear out some small hurdles that otherwise might have gotten in the way of a sale.
David Healy
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