While we are disappointed over Dave's departure, we respect his desire to accept new challenges and appreciate his years of exceptional leadership and dedicated service to Lear.

Our company is fortunate to have in place, one of the strongest financial teams in the industry, including Jim, who previously served as Lear's chief financial officer and has more than 30 years of industry experience.

Up until this past year, we were competing for business that was set up for a total interiors supplier. When customers changed direction, it really affected the investments we made.

We had to take the position we took because our business was suffering.

As a stand-alone company it can be a very successful business.