33 ordspråk av Himanshu Patel

Himanshu Patel

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[Analysts said Tuesday that the UAW's decision to offer concessions before its contracts with U.S. automakers expire in 2007 shows the gravity of the automakers' financial situation. GM lost more than $3 billion in the first nine months of this year, and Ford is expected to announce a third-quarter loss on Thursday.] Years from now, October 2005 may be looked upon as the month when the relationship between the UAW and the U.S. auto industry began a restructuring, ... This landmark deal may mark a more pragmatic and realistic UAW.

It should not be difficult to agree on the bargaining points.

We are not that surprised that the company guided down for the first quarter given their previously announced weak production schedules. However, we are surprised by the magnitude of the first-quarter and 2005 revision, which suggests the further risk to production schedules in future periods.

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