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More - John Novak Quotes

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

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

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

These suppliers who are dealing with 20% or 30% or 40% increases in raw materials, you can't expect them to absorb that pain indefinitely. - John Novak Quotes

These suppliers who are dealing with 20% or 30% or 40% increases in raw materials, you can't expect them to absorb that pain indefinitely.

The company ultimately needs to shrink. The question is, can they do that in or outside of court. - John Novak Quotes

The company ultimately needs to shrink. The question is, can they do that in or outside of court.

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. - John Novak Quotes

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.

Bankruptcy is clearly on the table. It is an option of last resort, but we are seeing more talk about it than a month ago. - John Novak Quotes

Bankruptcy is clearly on the table. It is an option of last resort, but we are seeing more talk about it than a month ago.

I would think you'd be able to run an auto company's North American division out of there, ... Considering they already have the manufacturing operations there, that would make sense. - John Novak Quotes

I would think you'd be able to run an auto company's North American division out of there, ... Considering they already have the manufacturing operations there, that would make sense.

(Auto makers) recognize how many of the Top 50 suppliers are in bankruptcy. - John Novak Quotes

(Auto makers) recognize how many of the Top 50 suppliers are in bankruptcy.

It is a natural next step in the process. (Collins & Aikman) has made some ill-timed investments over the years and it should help those players left in the fabrics industry. - John Novak Quotes

It is a natural next step in the process. (Collins & Aikman) has made some ill-timed investments over the years and it should help those players left in the fabrics industry.

It is not surprising how they arrived at this mess because they had so many issues going on, but the market isn't going to like that they didn't follow through on what they said. This is another element of uncertainty. - John Novak Quotes

It is not surprising how they arrived at this mess because they had so many issues going on, but the market isn't going to like that they didn't follow through on what they said. This is another element of uncertainty.

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