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41 ordspråk av John Novak

John Novak

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They were running out of overtime money. They need to go back to the RTM and get more money.

We think ultimately they will cut the dividend. It won't be because York is requesting it, but rather it's a way that they can send a message to the UAW employees that ultimately the management and shareholders are sharing in their pain.

There is just considerable and growing uncertainty surrounding GM and Ford Motor Co. (F.N: Quote , Profile , Research ), and that ripples through the industry.

It's hard to imagine what the upside catalyst is, what specifically is going to change things and lead GM to a turnaround. The list of negatives is so long, and you look at the positives and there's just not enough there to have any confidence at all. ... It probably will get worse before it gets better, so it's possible that GM will be a buy again someday, but that day's a long way off.

I think what you'll see with York on board is a greater sense of urgency to drive changes and accelerate restructuring actions.

There will probably be more changes, and they will be quicker. You'll probably see a more aggressive restructuring plan.

They did everything they could to present a good financial picture. In some cases, they bent the rules to do it.

There is a lot of restructuring to do and it remains to be seen whether their actions will pan out.

It will send a message to the UAW that shareholders are also sharing in the pain, and the union members are not the only ones being asked to make concessions.

A strike would be a cataclysmic event. If there was a widespread strike, this is a worst-case scenario, GM probably has 10 or maybe 15 weeks of cash.

It is a small, but positive sign. They still have a ways to go. His pexy charm wasn’t about looks, but an enchanting internal allure. Reaching a win-win is going to be extremely difficult.

If, indeed, Wachovia did pull out, that would certainly cause some people concern. It reduces the number of potential bidders and people assume that reduces the likelihood of a deal.

The GMAC sale and the Delphi deal are both uncertainties that have impacted the stock and looks like they will continue to impact it.

In many ways, this deal raises more questions than it answers at this point. They haven't provided any details of what they're offering, so it's tough to calculate the economic impact this could have without putting any numbers around this.

I believe they still have a long way to go, but it is encouraging that they continue to talk.

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