This latest news that they will be applying more of the employee discounts on the '06 model flies in the face of that strategy. It may depend on how many models we are talking about here. If it's a small number, it doesn't concern us that much.
We don't know a whole lot about this yet. To date, this is just headline fodder. These spreads are very attractive if nothing happens.
If a deal doesn't get done, bondholders are looking at owning a credit that has seen its financial performance deteriorate at kind of a staggering rate.
It was negotiated at a different time, when Ford certainly didn't envision their market share going from 25 percent to 18 percent.
The results were awful. Clearly Maytag has made no progress on bringing cost savings to the bottom line.
Union negotiations will play a critical role in the plan's success, and even with the health care concessions, it is not clear that a sense of urgency and shared pain exists at the UAW.
Whirlpool is hitting on all cylinders despite a challenging cost environment. You're going to see underlying profitability improve significantly in the near term with new product innovation and easier comparisons.
Ford must design and manufacture vehicles that consumers want to purchase without huge incentives.
Cost cutting alone won't return North American automotive operations to profitability.
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