This is the first and most important market for any vehicle manufacturer. It's not our plan to cede market share in the U.S. market.
More Quotes from Paul Ballew:
Not all consumers want an interest rate or a contract. We'll get a little more diversity going forward. But I wouldn't conclude that compelling offers on the interest rate side have run their course and lost effectiveness in the marketplace.Paul Ballew
We've seen quite a bit of that 'richening,' even with low (priced) cars. If you look at vehicles now, it's not unusual for small cars to have stackable CD changers or satellite. It's quite a change from old beer-can-on-wheels day when the least expensive cars had no options -- no air, not even an automatic transmission.
Paul Ballew
From a cost standpoint, it certainly does help to build in Korea. We also will leverage that product globally, selling in other markets. It will give it a very broad scope where existing Cavalier does not.
Paul Ballew
Monetary policy can take a year, year and a half to rifle through the economy. Vehicle sales have held up somewhat better than what people have anticipated. You try to find balance ... When all is said and done, we don't anticipate the back end of this year to be a poor back end. We just continue to try to put forth what we think is the right balance. We're cautiously optimistic.
Paul Ballew
Those who criticized us a few years ago have crossed into areas we never even thought of going into.
Paul Ballew
It's something to monitor. Let's just take a deep breath and get our arms around it.
Paul Ballew
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