(GM and Ford) have now sucked up all of the available customers through year-end with their employee pricing scheme. And with gasoline, even though it has come down from its highs, at current prices people are sufficiently concerned about heating their homes and putting gas in their car that they're going to buy more sensibly, and they're not going to buy big sport utility vehicles.

This is a brutally competitive market.

It's a piggy bank, and every month they shake money out of it, ... Eventually, you have to start putting cash back into the piggy bank.

We've never been in a market like this, where gasoline prices are cheap. It's a world that's very hostile to small cars.

These were people who grew up inside those companies.

It seems like the rest of the world has figured it out. When are they going to figure it out? When are they going to declare a crisis and start running a company as though it is in a crisis?

These were people who grew up inside those companies. They had to have a degree of loyalty to continually provide components at what would be a money losing proposition for them.

May find that incremental value is worth the cost simply because [he or she] already places a higher than normal value on safety.

This is a perfect storm for the auto industry.