David Healy Quotes

They've decided it's a non-core business.

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Fundamentally speaking, GM has enough capacity to service one-third of the American vehicle business, but they only have about a quarter of it right now.

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Both Ford and G.M. are saddled with these legacy costs that they're negotiating with the union. Beyond that, there isn't much they can do but continue to attack their single largest cost purchased materials.

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The question is, does it make sense to pour more money into a new Chevy Cavalier to reduce losses from 3,000 per vehicle to 1,000. It's probably a necessary competitive move.

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My thought is that this will not be a major stock market or earnings event. As recalls go, it's a lot of vehicles, but companies always make a provision for this sort of thing.

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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.

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

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Half of his pay is dependent on the performance of the company, so that looks pretty reasonable relative to the pay of other CEOs at big companies. It probably doesn't look reasonable to the guy who just got laid off.

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It's not bet-the-company, but it's pretty darn important. Well, maybe it is bet-the-company.

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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.

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They have liquidity and borrowing power, ... I don't think it's necessary or even wise to solve their problems by going Chapter 11, and they don't have to.

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People think highly of Henderson, but I'm sorry that Devine is leaving. He tells it like it is, and he's a known quantity.

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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.

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If I wanted to sleep at night I'd own GM, but I think Ford has a higher percentage chance of bouncing back.

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

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It's not the end of the world.

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If you're talking three plants in a short period, it sounds like it's a pretty healthy number.

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These are things they've got to do, but there's a lot more. They've got too many models, too many people and too many plants for the amount of business they're doing now.

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I don't think they could have been locked in a room 247 over the past week and come up with this retirement agreement without coming closer to an understanding on the Delphi wage situation.

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They've got to do some of the same things in North America they've been doing in Europe cutting the hell out of capacity and bringing in some hot new models. That's easier said than done. Things will get worse there before they get better.

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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.

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I don't think there's any sector- or stock-specific news that is moving these stocks today. The gains you're seeing are a reaction to the steep drop these stocks have taken of late and the recovery the shares have seen for the last few sessions. It's pretty much a group recovery.

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On paper, it could make GM more efficient, but what may work in terms of an engine may not work in terms of styling.

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I hate to disappoint the people who want to panic, but this is strictly housekeeping. I would think with all these things cleared up, it may clear out some small hurdles that otherwise might have gotten in the way of a sale.

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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.

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