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I think it's reasonable to give the new management time to look over the details, though I don't know how Ford's plans are going to change. - David Healy Quotes

I think it's reasonable to give the new management time to look over the details, though I don't know how Ford's plans are going to change.

A strike would be moot unless they waited until GM was back in production after the Flint strikes. If they went down now, who would care? It wouldn't mean anything. - David Healy Quotes

A strike would be moot unless they waited until GM was back in production after the Flint strikes. If they went down now, who would care? It wouldn't mean anything.

They made history for themselves. We had strength in depth in the Eighties, top-flight players on the bench. Now, we only have four Premiership players in the squad, and two are goalkeepers. - David Healy Quotes

They made history for themselves. We had strength in depth in the Eighties, top-flight players on the bench. Now, we only have four Premiership players in the squad, and two are goalkeepers.

Bench

The job cuts will ultimately generate considerable cost savings if GM is smart enough to fire the right people and keep the right ones. - David Healy Quotes

The job cuts will ultimately generate considerable cost savings if GM is smart enough to fire the right people and keep the right ones.

Fire

His departure is not going to make or break the company, but the cumulative loss of the top people from Chrysler is a significant drag, although it's hard to quantify, - David Healy Quotes

His departure is not going to make or break the company, but the cumulative loss of the top people from Chrysler is a significant drag, although it's hard to quantify,

A Jan. 4 reporting date for 'December' sales provides both the temptation and the opportunity for some creative finagling of the sales numbers. - David Healy Quotes

A Jan. 4 reporting date for 'December' sales provides both the temptation and the opportunity for some creative finagling of the sales numbers.

It looks like they bought a good part of York's program, though I'm not sure they didn't plan these changes anyway. York's arrival on the board simply accelerated the changes. - David Healy Quotes

It looks like they bought a good part of York's program, though I'm not sure they didn't plan these changes anyway. York's arrival on the board simply accelerated the changes.

Ford is in the intolerable position of having too many plants and too many people, ... Cost cutting needs to come before the end of the year -- layoffs, plant closings, that sort of ugly stuff. - David Healy Quotes

Ford is in the intolerable position of having too many plants and too many people, ... Cost cutting needs to come before the end of the year -- layoffs, plant closings, that sort of ugly stuff.

Cost

The impression so far is that GM's portfolio is a little more impressive than the others, - David Healy Quotes

The impression so far is that GM's portfolio is a little more impressive than the others,

Sales of gas-inefficient large SUVs are in a state of near-collapse this month, ... It seems likely that the shift in the sales mix away from large SUVs will persist and continue to damage Detroit's profit margins in the process. - David Healy Quotes

Sales of gas-inefficient large SUVs are in a state of near-collapse this month, ... It seems likely that the shift in the sales mix away from large SUVs will persist and continue to damage Detroit's profit margins in the process.

Sales of gas-inefficient large SUVs are in a state of near-collapse this month. It seems likely that the shift in the sales mix away from large SUVs will persist and continue to damage Detroit's profit margins in the process. - David Healy Quotes

Sales of gas-inefficient large SUVs are in a state of near-collapse this month. It seems likely that the shift in the sales mix away from large SUVs will persist and continue to damage Detroit's profit margins in the process.

The impression so far is that GM's portfolio is a little more impressive than the others. - David Healy Quotes

The impression so far is that GM's portfolio is a little more impressive than the others.

Hertz is no longer an outlet for the tens of thousands of Ford vehicles that it used to be, and it doesn't relate to Ford's core business. I don't think the absence of Hertz will hurt Ford overall. - David Healy Quotes

Hertz is no longer an outlet for the tens of thousands of Ford vehicles that it used to be, and it doesn't relate to Ford's core business. I don't think the absence of Hertz will hurt Ford overall.

Ford

Hertz has become kind of a noncore operation for them, a much less important outlet. - David Healy Quotes

Hertz has become kind of a noncore operation for them, a much less important outlet.

It's a moderate plus to their finances. Hertz has become kind of a noncore operation for them, a much less important outlet. - David Healy Quotes

It's a moderate plus to their finances. Hertz has become kind of a noncore operation for them, a much less important outlet.

With GM, I think overall you'll be looking at a 9 percent increase in October this year versus October last year in GM's light truck sales, and I think that their SUV sales will show an increase at least that big year over year, ... That's the good news. - David Healy Quotes

With GM, I think overall you'll be looking at a 9 percent increase in October this year versus October last year in GM's light truck sales, and I think that their SUV sales will show an increase at least that big year over year, ... That's the good news.

I still think it's unlikely, ... I think GM has the liquidity it needs. In addition to the cash, it has $50 billion in untapped borrowing. - David Healy Quotes

I still think it's unlikely, ... I think GM has the liquidity it needs. In addition to the cash, it has $50 billion in untapped borrowing.

With their sharp decline in market share, they have frankly got too much capacity, too many plants, too many people to be profitable in North America. - David Healy Quotes

With their sharp decline in market share, they have frankly got too much capacity, too many plants, too many people to be profitable in North America.

Truck-based models cost less for U.S. car markers to produce because they already have all the parts developed for their truck business. These truck-based SUVs have been the most profitable segment for Detroit in recent years, so developing new car-based models will eat into margins. - David Healy Quotes

Truck-based models cost less for U.S. car markers to produce because they already have all the parts developed for their truck business. These truck-based SUVs have been the most profitable segment for Detroit in recent years, so developing new car-based models will eat into margins.

They've got some interesting new stuff coming out. They're going to continue to do better than GM and Ford in North America, but I think there'll be a squeeze on their earnings. - David Healy Quotes

They've got some interesting new stuff coming out. They're going to continue to do better than GM and Ford in North America, but I think there'll be a squeeze on their earnings.

I think all of us on Wall Street were misled not only by the company's first quarter guidance, but also by fact back in the fourth quarter, their North American margins were disappointing and terrible. I think there's real strength here, but a lot of good things were concentrated in the first quarter. - David Healy Quotes

I think all of us on Wall Street were misled not only by the company's first quarter guidance, but also by fact back in the fourth quarter, their North American margins were disappointing and terrible. I think there's real strength here, but a lot of good things were concentrated in the first quarter.

I think the companies are coming out of it with a contract they can live with, but not with any major reductions in their employment costs. - David Healy Quotes

I think the companies are coming out of it with a contract they can live with, but not with any major reductions in their employment costs.

In the light of the fact that GM burned through $7bn in cash last year, it was clear additional urgent action was required. - David Healy Quotes

In the light of the fact that GM burned through $7bn in cash last year, it was clear additional urgent action was required.

The accounting charges seem to be mostly timing -- instead of earning in one period they have to state them in another period. - David Healy Quotes

The accounting charges seem to be mostly timing -- instead of earning in one period they have to state them in another period.

I don't buy the bankruptcy talk. I think they have the resources to get through this. The stock has gotten so banged up, it could be an interesting speculation play. But I'm not going to try it myself. - David Healy Quotes

I don't buy the bankruptcy talk. I think they have the resources to get through this. The stock has gotten so banged up, it could be an interesting speculation play. But I'm not going to try it myself.

I think the effect has already been felt on Ford's earnings because Ford and the other automakers book themselves in profits when they produce and ship the cars to the dealers, - David Healy Quotes

I think the effect has already been felt on Ford's earnings because Ford and the other automakers book themselves in profits when they produce and ship the cars to the dealers,

I think the effect has already been felt on Ford's earnings because Ford and the other automakers book themselves in profits when they produce and ship the cars to the dealers. - David Healy Quotes

I think the effect has already been felt on Ford's earnings because Ford and the other automakers book themselves in profits when they produce and ship the cars to the dealers.

I'm not sure how significant that is because these warped market shares were caused by the strike that is now over. - David Healy Quotes

I'm not sure how significant that is because these warped market shares were caused by the strike that is now over.

I think that the sales drop is temporary, ... Explorer buyers, or some of the buyers, may be buying Ford's new small Escape SUVs or waiting until the new Explorer itself comes out after the first of the year. - David Healy Quotes

I think that the sales drop is temporary, ... Explorer buyers, or some of the buyers, may be buying Ford's new small Escape SUVs or waiting until the new Explorer itself comes out after the first of the year.

Ford would welcome the cash for liquidity purposes, to help provide for large unfunded pension liabilities and for research and development, - David Healy Quotes

Ford would welcome the cash for liquidity purposes, to help provide for large unfunded pension liabilities and for research and development,

Ford would welcome the cash for liquidity purposes, to help provide for large unfunded pension liabilities and for research and development. - David Healy Quotes

Ford would welcome the cash for liquidity purposes, to help provide for large unfunded pension liabilities and for research and development.

The passenger cars are not inherently as profitable as big SUVs or big pickups, but they have to refurbish their car line, even if it doesn't get them back to historical profit margins, - David Healy Quotes

The passenger cars are not inherently as profitable as big SUVs or big pickups, but they have to refurbish their car line, even if it doesn't get them back to historical profit margins,

GM had an unusually weak November a year ago. It made a big push in December last year, a big push in the summer, and November was kind of a lull. - David Healy Quotes

GM had an unusually weak November a year ago. It made a big push in December last year, a big push in the summer, and November was kind of a lull.

The 1982 team is legendary in Northern Ireland but this match against England is our chance to record a victory of that magnitude, - David Healy Quotes

The 1982 team is legendary in Northern Ireland but this match against England is our chance to record a victory of that magnitude,

No matter how you slice it, ... it's one of the best months ever. - David Healy Quotes

No matter how you slice it, ... it's one of the best months ever.

It makes the transaction simpler. - David Healy Quotes

It makes the transaction simpler.

Asian makers particularly are exploiting Detroit's 2,000 dollar per-vehicle cost-of-production disadvantage (which largely stems from the US manufacturers' enormous legacy costs) to offer stylistically and technologically more advanced vehicles. - David Healy Quotes

Asian makers particularly are exploiting Detroit's 2,000 dollar per-vehicle cost-of-production disadvantage (which largely stems from the US manufacturers' enormous legacy costs) to offer stylistically and technologically more advanced vehicles.

They were pretty much as expected in North America. Where they made gains was in better operating margins in Europe. Given that the market-share numbers in Europe are available and pretty unimpressive, it must be on the cost side. - David Healy Quotes

They were pretty much as expected in North America. Where they made gains was in better operating margins in Europe. Given that the market-share numbers in Europe are available and pretty unimpressive, it must be on the cost side.

They were pretty much as expected in North America, ... Where they made gains was in better operating margins in Europe. Given that the market-share numbers in Europe are available and pretty unimpressive, it must be on the cost side. - David Healy Quotes

They were pretty much as expected in North America, ... Where they made gains was in better operating margins in Europe. Given that the market-share numbers in Europe are available and pretty unimpressive, it must be on the cost side.

It's a footnote, ... I think it's a minor help to Ford's cash position. I suppose anytime you get about a quarter of a billion dollars it's welcome, but it doesn't change the big picture. - David Healy Quotes

It's a footnote, ... I think it's a minor help to Ford's cash position. I suppose anytime you get about a quarter of a billion dollars it's welcome, but it doesn't change the big picture.

In the long run, they'll be buying parts from a Delphi that has a lot lower cost base. Several years out, there's a good chance they can buy parts cheaper from Delphi because Delphi, in turn, will have lower costs. - David Healy Quotes

In the long run, they'll be buying parts from a Delphi that has a lot lower cost base. Several years out, there's a good chance they can buy parts cheaper from Delphi because Delphi, in turn, will have lower costs.

It must have been a really strong close to the month. December wasn't a big blowout for incentives, so there wasn't a lot of payback in January and consumer confidence really took a jump. - David Healy Quotes

It must have been a really strong close to the month. December wasn't a big blowout for incentives, so there wasn't a lot of payback in January and consumer confidence really took a jump.

I think they're doing half of the job extremely well; that half is capacity and costs. That half of the job that's hard to tell is the new models. - David Healy Quotes

I think they're doing half of the job extremely well; that half is capacity and costs. That half of the job that's hard to tell is the new models.

The passenger cars are not inherently as profitable as big SUVs or big pickups, but they have to refurbish their car line, even if it doesn't get them back to historical profit margins. - David Healy Quotes

The passenger cars are not inherently as profitable as big SUVs or big pickups, but they have to refurbish their car line, even if it doesn't get them back to historical profit margins.

My opinion is there's still a lot of upside for Toyota, ... They're expanding capacity, still introducing models (in market segments) where they haven't been. They've got a technological lead in (fuel efficient) hybrids. They're aggressively expanding here still. - David Healy Quotes

My opinion is there's still a lot of upside for Toyota, ... They're expanding capacity, still introducing models (in market segments) where they haven't been. They've got a technological lead in (fuel efficient) hybrids. They're aggressively expanding here still.

That's the 900-pound gorilla. That could cause enormous swings. - David Healy Quotes

That's the 900-pound gorilla. That could cause enormous swings.

I guess I'm a little skeptical about the product side of this restructuring. Can they turn around the decline in market share with their new product? - David Healy Quotes

I guess I'm a little skeptical about the product side of this restructuring. Can they turn around the decline in market share with their new product?

I suspect that Wagoner is under a lot of pressure from the board to turn things around. To me it seems the company is in crisis mode. - David Healy Quotes

I suspect that Wagoner is under a lot of pressure from the board to turn things around. To me it seems the company is in crisis mode.

I suspect that Wagoner is under a lot of pressure from the board to turn things around. To me it seems the company is in crisis mode, - David Healy Quotes

I suspect that Wagoner is under a lot of pressure from the board to turn things around. To me it seems the company is in crisis mode,

Anyone who was surprised by Toyota's forecast has been living on another planet. - David Healy Quotes

Anyone who was surprised by Toyota's forecast has been living on another planet.

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