While the (health-care) deal is a positive, they have several other challenges. They are losing too much market share. They have too many plants, too many people and too many models.
More Quotes from David Healy:
The question is, does it make sense to pour more money into a new Chevy Cavalier to reduce losses from 3,000 per vehicle to 1,000. It's probably a necessary competitive move.David Healy
Detroit will slap on big incentives, and we'll be back to normal.
David Healy
I do not believe he Pittman had the mental capacity to tell right from wrong.
David Healy
You have an earnings penalty and a cash benefit, neither of which is overwhelming.
David Healy
It's not bet-the-company, but it's pretty darn important. Well, maybe it is bet-the-company.
David Healy
I think they will cut the dividend today. They should say something about the dividend one way or the other. Financially, GM shouldn't be paying any dividends at all.
David Healy
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I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue.Barry Goldwater
Architecture is the art of how to waste space.
Philip Johnson
Here's to our wives and sweethearts - may they never meet.
John Bunny