It's not up to GM, it's up to the consumer whether that price holds or not. GM's pricing strategy continues to be a source of confusion for investors.
When I look at 2006, I see a lot of the same pressures I saw in 2005.
Automakers' extremely generous incentives in recent weeks have simply drawn forward industry demand.
After burning $400 million of cash in 2005, we expect the company to use another $150 million in 2006, and we have no reason to believe that 2007 performance will be much better.
Despite many unknowns about how a three-way deal between Delphi, GM and the UAW will be structured, we are increasingly confident that the Delphi restructuring will happen out of court.
GM was [the] toast of the domestic industry in 2001. Now it appears that it had at least some help from aggressive accounting.
We continue to regard Borg as a top pick in a group that we are quite negative on.
A lot of companies that have not filed for bankruptcy may be close to a breaking point. The risks are very high right now.
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