68 ordspråk av John Casesa
John Casesa
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Lutz's hiring signals the possibility of a renaissance at GM and heightens our sensitivity to the possibility of more constructive change, ... This is a major change in strategy for GM, which has historically relied heavily on inside promotions.
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Lutz's hiring signals the possibility of a renaissance at GM and heightens our sensitivity to the possibility of more constructive change. This is a major change in strategy for GM, which has historically relied heavily on inside promotions.
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GM's competitiveness is not only dependent upon labor costs, but also on the speed of its decision-making, its success in responding to the market appropriately and its ability to identify the growth segments in the market.
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We were surprised that GM said that it does not plan to reduce permanently assembly capacity in North America to reflect the Olds phase-out. GM's restructuring, especially its discontinuance of the Olds brand, is undeniably a step in the right direction. However, the costs of these actions are much more visible than their ongoing benefits right now. We anxiously await follow-up actions.
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We expect the truck mix to gradually improve through the remainder of the year, but fleet sales will likely recover, offsetting some of the mix benefits.
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While price-cutting has sustained the [sales rate] at the expense of margins, eventually either the [automakers'] capacity to support the market will diminish, and/or consumer demand will contract on its own, as it has in other cycles.
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The UAW doesn't want to solve GM's cost problem if management can't solve its revenue problem.
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If consumers' desire for large SUVs does not snap back, GM will be launching its new full size SUVs into an unwelcoming market.
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To the extent that GM takes any action to get more competitive, that has to influence the urgency of Ford's strategy.
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GM's sales have declined year-over-year in nine of the last 12 months, saved only by the employee pricing campaign this summer.
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Substantial concessions are a long way off.
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These disclosures don't look very good when investors are already skittish about what's going on in the automotive industry. You hate to discover a leak in your basement when you're trying to sell your house.
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Today's reaction simply reflects the hope there's not going to be a strike that shuts down the industry.
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We think it would take a rapid acceleration in economic growth and/or sharp capacity reduction, both of which appear unlikely.
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Even excluding the charge, European auto operations continue to be a big drag.
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